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 Porterville, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Porterville, CA provides a financial boost to eligible homebuyers in Porterville, 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 Porterville, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Porterville, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Porterville, 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 Porterville, 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 Porterville, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Porterville, 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 Porterville, 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 Porterville, 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 Porterville, CA offer several benefits. First, they require a lower down payment, making homeownership more accessible to individuals with limited savings. Additionally, these loans often have lower credit score requirements, enabling individuals with less than perfect credit to qualify for a mortgage. Furthermore, FHA loans typically have competitive interest rates, potentially saving borrowers money over the life of the loan. Finally, these loans allow for higher debt-to-income ratios, providing more flexibility for borrowers with other financial obligations. Demographics in Porterville, CA Porterville, located in Tulare County, California, has a diverse population. The city is home to a mix of cultures and backgrounds, contributing to a vibrant community atmosphere. The median household income in Porterville is slightly below the national average, making down payment assistance programs particularly beneficial for residents. Housing Market in Porterville, CA The housing market in Porterville, CA is characterized by a mix of single-family homes, townhouses, and apartments. With the assistance of FHA loans, more residents are able to purchase homes in the city, contributing to a stable and growing real estate market. Property values in Porterville have been steadily increasing in recent years, making it an attractive location for both first-time homebuyers and investors. Main Attractions in Porterville, CA Porterville offers a range of attractions for residents and visitors alike. Outdoor enthusiasts can explore the nearby Sequoia National Forest, while history buffs can visit the Porterville Historical Museum. The city also boasts a variety of dining options, shopping opportunities, and community events throughout the year, making it a vibrant and engaging place to live.
Benefits of FHA Down Payment Assistance Home Loan in Porterville, CA
