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 Phillipsville, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Phillipsville, CA provides a financial boost to eligible homebuyers in Phillipsville, 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 Phillipsville, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Phillipsville, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Phillipsville, 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 Phillipsville, 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 Phillipsville, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Phillipsville, 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 Phillipsville, 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 Phillipsville, 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.
1. Lower Down Payment Requirements: The FHA loan program allows eligible buyers to purchase a home with a lower down payment, making homeownership more accessible. 2. Competitive Interest Rates: FHA loans offer competitive interest rates, which can result in lower monthly mortgage payments compared to conventional loans. 3. Flexible Credit Requirements: FHA loans are known for their more lenient credit score requirements, making it easier for individuals with less-than-perfect credit to qualify. Demographics of Phillipsville, California Phillipsville is a small town located in Humboldt County, California. It has a population of around 140 residents, with a mix of families and retirees. Housing Market in Phillipsville, California The housing market in Phillipsville is relatively stable, with a median home value of around $250,000. The market offers a mix of single-family homes and smaller properties. Main Attractions in Phillipsville, California Phillipsville is known for its scenic beauty, with nearby attractions including the Humboldt Redwoods State Park, Avenue of the Giants, and Eel River.
Benefits of FHA Down Payment Assistance Home Loan in Phillipsville, California
