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 Palos Verdes, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Rancho Palos Verdes, CA provides a financial boost to eligible homebuyers in Rancho Palos Verdes, 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 Palos Verdes, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Rancho Palos Verdes, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Rancho Palos Verdes, 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 Palos Verdes, 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 Palos Verdes, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Rancho Palos Verdes, 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 Palos Verdes, 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 Palos Verdes, 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 offer lower down payment requirements, enabling more individuals to become homeowners. This can be especially beneficial for first-time homebuyers or those with limited savings, as it reduces the initial financial burden. Moreover, these loans often come with competitive interest rates and flexible qualification criteria, making them accessible to a wider demographic. Borrowers with less-than-perfect credit scores may still qualify for an FHA loan, broadening the pool of eligible applicants. Additionally, FHA loans provide borrowers with the opportunity to refinance, potentially lowering monthly mortgage payments or adjusting the loan term to better suit their financial situation.
Benefits of FHA Down Payment Assistance Home Loan
