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 Salinas, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Salinas, CA provides a financial boost to eligible homebuyers in Salinas, 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 Salinas, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Salinas, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Salinas, 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 Salinas, 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 Salinas, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Salinas, 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 Salinas, 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 Salinas, 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.
Benefits: 1. Access to homeownership with a lower down payment requirement. 2. Lower credit score requirements compared to conventional loans. 3. Fixed-rate or adjustable-rate loan options available. Demographics: Salinas, California, is a vibrant city with a diverse population. The city is known for its rich agricultural history and is home to a large Hispanic community. Housing Market: The housing market in Salinas is competitive but offers a variety of options, from single-family homes to condos. The city has seen steady appreciation in property values over the years. Main Attractions: 1. The Steinbeck House, home to the famous author John Steinbeck. 2. Salinas Valley Fairgrounds, hosting events and concerts throughout the year. 3. Beautiful beaches along the nearby Monterey Bay for outdoor enthusiasts.
FHA Down Payment Assistance Home Loan in Salinas, California
