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 Santa Margarita, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Rancho Santa Margarita, CA provides a financial boost to eligible homebuyers in Rancho Santa Margarita, 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 Santa Margarita, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Rancho Santa Margarita, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Rancho Santa Margarita, 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 Santa Margarita, 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 Santa Margarita, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Rancho Santa Margarita, 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 Santa Margarita, 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 Santa Margarita, 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 programs offer lower down payment requirements, making homeownership more accessible to a wider range of individuals. This can help first-time homebuyers and those with limited savings to achieve their dream of owning a home in Rancho Santa Margarita. Demographically, Rancho Santa Margarita is a family-friendly city with a median household income above the national average. The population consists mainly of young families and professionals seeking a high quality of life in a picturesque Southern California setting. The housing market in Rancho Santa Margarita is competitive yet offers a variety of options, from single-family homes to townhouses and condos. With the assistance of FHA loans, buyers can take advantage of historically low interest rates and favorable lending terms, making it an ideal time to invest in property in this sought-after area. Main attractions in Rancho Santa Margarita include the scenic Rancho Santa Margarita Lake, perfect for outdoor activities and relaxation. Additionally, the city boasts top-rated schools, community parks, and a vibrant town center with shops and restaurants, creating a desirable living environment for residents of all ages.
Benefits of FHA Down Payment Assistance Home Loan in Rancho Santa Margarita, California
