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 Rancho Mirage, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Rancho Mirage, CA provides a financial boost to eligible homebuyers in Rancho Mirage, 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 Rancho Mirage, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Rancho Mirage, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Rancho Mirage, 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 Rancho Mirage, 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 Rancho Mirage, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Rancho Mirage, 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 Rancho Mirage, 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 Rancho Mirage, 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.
Rancho Mirage, California, offers numerous benefits for homebuyers looking to utilize FHA down payment assistance programs. These loans provide lower down payment requirements, making homeownership more accessible. The assistance can help individuals and families secure a home in this desirable location without needing a large cash reserve upfront. The demographics of Rancho Mirage showcase a diverse community with a mix of age groups, including retirees, families, and young professionals. The city's population enjoys a high standard of living, with access to quality amenities, healthcare facilities, and educational institutions, making it an attractive place to call home. Rancho Mirage's housing market is characterized by a range of residential options, from luxurious estates to more affordable single-family homes. The FHA down payment assistance program can help buyers navigate this market and find their dream home while enjoying the stability and potential appreciation of property values in the area. Aside from its housing opportunities, Rancho Mirage boasts several main attractions, such as world-class golf courses, spas, and outdoor recreational activities. The city's vibrant cultural scene, including art galleries and music events, adds to its appeal as a desirable place to live and invest in real estate.
Benefits of FHA Down Payment Assistance Home Loan in Rancho Mirage, California
