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 Piedra, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Piedra, CA provides a financial boost to eligible homebuyers in Piedra, 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 Piedra, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Piedra, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Piedra, 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 Piedra, 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 Piedra, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Piedra, 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 Piedra, 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 Piedra, 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.
FHA Down Payment Assistance Home Loan in Piedra, California offers several benefits to homebuyers. Firstly, it allows for a lower down payment requirement, typically around 3.5% of the purchase price. This helps make homeownership more accessible to individuals who may not have large savings for a down payment. Secondly, FHA loans often have more flexible credit score requirements compared to conventional loans, making it easier for people with less-than-perfect credit to qualify for a mortgage. Additionally, FHA loans offer competitive interest rates, potentially saving borrowers money over the life of the loan. Lastly, FHA loans are assumable, meaning that if you decide to sell your home, the buyer can take over your existing FHA loan, potentially making the home more attractive to buyers. Demographics Piedra, California, has a diverse population with a mix of age groups and ethnicities. The median age in Piedra is around 35 years, with a blend of families, young professionals, and retirees residing in the area. Housing Market The housing market in Piedra, California, is dynamic, with a mix of single-family homes, townhouses, and apartments available for purchase. The median home price in Piedra is around $300,000, making it an affordable option for many buyers. Main Attractions Piedra, California, is known for its scenic beauty, with stunning views of the Sierra Nevada mountains and access to outdoor activities such as hiking, fishing, and camping. The area also boasts a vibrant arts and culture scene, with galleries, theaters, and museums to explore.
Benefits of FHA Down Payment Assistance Home Loan
