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 Redondo Beach, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Redondo Beach, CA provides a financial boost to eligible homebuyers in Redondo Beach, 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 Redondo Beach, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Redondo Beach, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Redondo Beach, 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 Redondo Beach, 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 Redondo Beach, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Redondo Beach, 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 Redondo Beach, 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 Redondo Beach, 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.
The FHA Down Payment Assistance Home Loan program in Redondo Beach, California offers several benefits to homebuyers. One of the main advantages is the lower down payment requirement, making homeownership more accessible to first-time buyers and those with limited savings. Demographically, Redondo Beach is a diverse coastal city with a mix of residents including young professionals, families, and retirees. The city offers a high quality of life with top-rated schools, beautiful beaches, and a strong sense of community. In terms of the housing market, Redondo Beach is known for its competitive real estate market with a mix of single-family homes, condos, and townhouses. The FHA program can help buyers navigate the market by providing financial assistance and favorable loan terms. Some main attractions in Redondo Beach include the iconic Redondo Beach Pier, popular for its waterfront dining and shopping options, as well as beautiful parks, bike paths, and a vibrant local dining scene.
FHA Down Payment Assistance Home Loan in Redondo Beach, California
