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 Riverbank, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Riverbank, CA provides a financial boost to eligible homebuyers in Riverbank, 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 Riverbank, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Riverbank, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Riverbank, 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 Riverbank, 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 Riverbank, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Riverbank, 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 Riverbank, 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 Riverbank, 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 numerous advantages for homebuyers in Riverbank, California. These loans provide the opportunity for individuals to purchase homes with a lower down payment, making homeownership more accessible. Additionally, FHA loans often have lower credit score requirements, making them ideal for first-time homebuyers or those with less-than-perfect credit. The down payment assistance programs available with FHA loans can help reduce the upfront costs associated with buying a home, making it a viable option for many in Riverbank. Moreover, by obtaining an FHA loan in Riverbank, buyers may benefit from lower interest rates and more flexible qualification criteria compared to conventional loans, further easing the home buying process.
The Benefits of FHA Down Payment Assistance Home Loans in Riverbank, California
