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 Running Springs, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Running Springs, CA provides a financial boost to eligible homebuyers in Running Springs, 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 Running Springs, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Running Springs, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Running Springs, 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 Running Springs, 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 Running Springs, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Running Springs, 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 Running Springs, 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 Running Springs, 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.
1. Benefits: The FHA Down Payment Assistance Home Loan program allows eligible homebuyers in Running Springs, California, to purchase a home with a lower down payment requirement, making homeownership more accessible. This program offers competitive interest rates and flexible credit requirements, making it an attractive option for first-time homebuyers or those with limited savings. 2. Demographics: Running Springs is a picturesque mountain community located in the San Bernardino Mountains. The town has a population of around 5,000 residents and offers a small-town feel with access to larger cities like Los Angeles and San Bernardino. The area is popular among outdoor enthusiasts and nature lovers due to its proximity to national forests and ski resorts. 3. Housing Market: The housing market in Running Springs is diverse, offering a mix of single-family homes, cabins, and mountain retreats. The median home price is affordable compared to nearby metropolitan areas, making it an attractive option for buyers looking for a more rural setting. The FHA Down Payment Assistance Home Loan program can help buyers qualify for financing and achieve their homeownership dreams in this tranquil mountain community. Main Attractions: Running Springs offers a range of attractions for residents and visitors alike, including Snow Valley Mountain Resort for winter sports enthusiasts, Rim Nordic Ski Area for cross-country skiing, and a variety of hiking and biking trails in the surrounding San Bernardino National Forest.
Benefits of FHA Down Payment Assistance Home Loan in Running Springs, California
