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 San Bernardino, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in San Bernardino, CA provides a financial boost to eligible homebuyers in San Bernardino, 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 San Bernardino, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in San Bernardino, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in San Bernardino, 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 San Bernardino, 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 San Bernardino, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in San Bernardino, 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 San Bernardino, 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 San Bernardino, 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 many benefits for first-time homebuyers in San Bernardino, California. These loans require a lower down payment compared to conventional mortgages, making homeownership more accessible. Additionally, FHA loans have competitive interest rates, allowing homebuyers to save money over the life of the loan. Demographically, San Bernardino is a diverse city with a population that is predominantly Hispanic and White, according to recent statistics. The city has a mix of urban and suburban areas, providing residents with a range of housing options to suit different preferences and budgets. The housing market in San Bernardino is relatively affordable compared to neighboring cities in California. With the assistance of FHA Down Payment Assistance programs, prospective homebuyers can take advantage of the current market conditions and secure a home at a lower initial cost. San Bernardino is known for its attractions such as the San Bernardino National Forest, providing outdoor recreation opportunities, and the historic Route 66 Museum. The city offers a vibrant cultural scene, diverse dining options, and easy access to nearby mountains and beaches.
The Benefits of FHA Down Payment Assistance Home Loan in San Bernardino, California
