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 Redwood City, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Redwood City, CA provides a financial boost to eligible homebuyers in Redwood City, 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 Redwood City, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Redwood City, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Redwood City, 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 Redwood City, 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 Redwood City, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Redwood City, 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 Redwood City, 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 Redwood City, 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.
One of the primary benefits of an FHA Down Payment Assistance Home Loan in Redwood City, California is the lower down payment required, typically around 3.5%. This makes home ownership more affordable and accessible to more individuals and families. Additionally, FHA loans often have lower credit score requirements, allowing borrowers with less than perfect credit to still qualify for a loan. Redwood City, located in the heart of Silicon Valley, is a vibrant and diverse community. With a population of over 85,000 residents, the city offers a mix of urban amenities and natural beauty. The demographics of Redwood City include a blend of tech professionals, families, and students, creating a dynamic and inclusive environment. The housing market in Redwood City is competitive, with a median home price well above the national average. However, with the assistance of FHA loans, more prospective buyers can enter the market and find their dream home in this sought-after area. The city offers a range of housing options, from modern apartments to spacious single-family homes. From the picturesque Redwood Shores to the bustling downtown area, Redwood City has something for everyone. Main attractions include the historic Fox Theatre, the vibrant Courthouse Square, and numerous parks and outdoor recreational areas. The city's dining scene is also diverse, with a variety of restaurants showcasing global cuisines.
FHA Down Payment Assistance Home Loan Benefits in Redwood City
