Get Approved at The Lowest Rate
Securing a down payment can be one of the biggest challenges on the path to homeownership. That’s why we’re thrilled to offer a comprehensive Down Payment Assistance (DPA) program in Petaluma, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Petaluma, CA provides a financial boost to eligible homebuyers in Petaluma, CA, making it easier to cover the upfront costs of purchasing a home. This assistance is available in the form of a forgivable grant, which means you don’t have to repay it under certain conditions.
Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in Petaluma, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Petaluma, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Petaluma, CA, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.
Enjoy the freedom of homeownership in Petaluma, CA without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.
To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:
A FICO score of 580 qualifies you for Approve/Eligible status in Petaluma, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Petaluma, CA.
If you’re still working, you must either be retired or actively volunteer in your community.
We are committed to guiding you through every step of the home-buying process in Petaluma, CA. Our experienced team will work closely with you to explore your options, ensuring you make informed decisions that suit your financial situation and homeownership goals.
Don’t let the down payment be a barrier to your dream home. Contact Horizon Lending Services today to learn more about our FHA Down Payment Assistance program in Petaluma, CA and take the first step towards owning your home. Our dedicated professionals are here to help you navigate the complexities of home buying with confidence and ease.
Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.
Benefits of FHA Down Payment Assistance Home Loan: The FHA loan program allows for a lower down payment, making homeownership more accessible. It also offers competitive interest rates, flexible credit requirements, and the possibility of including closing costs in the loan. Additionally, the down payment assistance programs can help further reduce the upfront costs for eligible buyers. Demographics of Petaluma: Petaluma is a diverse city with a population that includes a mix of young professionals, families, and retirees. The median household income is above the national average, and the city has a strong sense of community, known for its cultural events and local festivals. Housing Market in Petaluma: The housing market in Petaluma is competitive, with a mix of historic homes and newer developments. The median home price is higher than the national average, reflecting the city's desirability. However, FHA loans with down payment assistance can make buying a home in Petaluma more achievable for first-time homebuyers. Main Attractions in Petaluma: Petaluma is known for its charming downtown area, filled with boutiques, restaurants, and art galleries. The city also has a rich agricultural history, with attractions like the Petaluma Seed Bank and the Butter & Egg Days Parade celebrating its heritage. Outdoor enthusiasts can enjoy the nearby parks, hiking trails, and the picturesque Petaluma River.
FHA Down Payment Assistance Home Loan in Petaluma, California
