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 Phelan, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Phelan, CA provides a financial boost to eligible homebuyers in Phelan, 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 Phelan, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Phelan, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Phelan, 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 Phelan, 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 Phelan, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Phelan, 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 Phelan, 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 Phelan, 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: An FHA down payment assistance home loan in Phelan, California offers low down payment requirements, making homeownership more accessible. Additionally, FHA loans have competitive interest rates and flexible qualification criteria, allowing more individuals to become homeowners. Demographics: Phelan, California, has a diverse population with a mix of age groups. The town has a suburban feel with a mix of residents from different ethnic backgrounds, creating a vibrant community atmosphere. Housing Market: The housing market in Phelan offers a range of affordable options for homebuyers. With the assistance of FHA loans, individuals can find suitable properties that meet their needs, whether it be single-family homes or condominiums. Main Attractions: Phelan, California, is known for its scenic beauty, with attractions such as hiking trails, parks, and local shops. Residents enjoy the peaceful surroundings and access to outdoor activities, making it an ideal place to call home.
FHA Down Payment Assistance Home Loan in Phelan, California
