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 Porter Ranch, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Porter Ranch, CA provides a financial boost to eligible homebuyers in Porter Ranch, 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 Porter Ranch, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Porter Ranch, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Porter Ranch, 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 Porter Ranch, 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 Porter Ranch, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Porter Ranch, 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 Porter Ranch, 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 Porter Ranch, 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 Loans in Porter Ranch, California offer numerous benefits to homebuyers. Firstly, these loans require a lower down payment, making homeownership more accessible to individuals who may not have a large amount of savings. Additionally, FHA loans often have lower credit score requirements compared to conventional loans, allowing more people to qualify for financing. Lastly, these loans can offer competitive interest rates, potentially saving borrowers money over the life of the loan. Porter Ranch, California, is a diverse community located in the San Fernando Valley. The area has a mix of residential neighborhoods, parks, and commercial centers. The population of Porter Ranch is predominantly middle to upper-middle class, with a high percentage of homeownership. The area is known for its excellent schools, making it an attractive choice for families looking to settle down. The housing market in Porter Ranch is competitive, with a mix of single-family homes, townhouses, and apartments. The median home price in the area is above the national average but offers good value for the amenities and quality of life it provides. The market is currently experiencing steady growth, making it a promising investment for homebuyers and investors alike. Main attractions in Porter Ranch include the scenic Santa Susana Mountains, which offer hiking and outdoor recreation opportunities. The area is also home to the upscale Porter Valley Country Club, known for its golf course and social events. Additionally, residents can enjoy shopping and dining at the nearby Porter Ranch Town Center, which features a variety of shops and restaurants.
Benefits of FHA Down Payment Assistance Home Loan in Porter Ranch, California
