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 Richmond, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Richmond, CA provides a financial boost to eligible homebuyers in Richmond, 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 Richmond, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Richmond, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Richmond, 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 Richmond, 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 Richmond, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Richmond, 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 Richmond, 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 Richmond, 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 key benefits of an FHA Down Payment Assistance Home Loan in Richmond, California is the lower down payment requirement, making home ownership more accessible for first-time buyers. Additionally, this type of loan offers competitive interest rates and allows for lower credit scores compared to conventional loans. Richmond, California, is a diverse city with a vibrant community. The demographics include a mix of cultures and backgrounds, creating a rich tapestry of experiences. It is a family-friendly city with good schools and various amenities for residents. The housing market in Richmond is dynamic, with a range of housing options available to suit different budgets and preferences. The market has seen steady growth in recent years, making it an attractive location for real estate investment. With the assistance of FHA loans, more individuals and families can realize their dream of owning a home in this thriving city. Some of the main attractions in Richmond include the Rosie the Riveter/WWII Home Front National Historical Park, Point Richmond, and the Richmond Marina Bay Trail. These attractions offer a mix of historical significance, outdoor activities, and scenic views, adding to the appeal of living in Richmond.
FHA Down Payment Assistance Home Loan in Richmond, California
