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 Diego, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in San Diego, CA provides a financial boost to eligible homebuyers in San Diego, 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 Diego, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in San Diego, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in San Diego, 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 Diego, 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 Diego, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in San Diego, 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 Diego, 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 Diego, 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 several benefits in San Diego, California. These loans provide lower down payment requirements, making homeownership more accessible. Additionally, they often come with lower interest rates and are open to borrowers with less-than-perfect credit scores, making them an attractive option for first-time homebuyers. San Diego has a diverse population with a mix of cultures, making it a vibrant and inclusive community. The city's demographics include a large Hispanic population, as well as significant Asian and African American communities. The median age in San Diego is around 35 years old, reflecting a relatively young population. The housing market in San Diego is dynamic and competitive. The city offers a variety of housing options, from beachfront properties to urban condos. With rising demand and limited inventory, prices have been steadily increasing. The average home price in San Diego is above the national average, making down payment assistance programs crucial for many potential buyers. San Diego is known for its beautiful beaches, world-renowned zoo, and historic Gaslamp Quarter. Balboa Park, home to museums, gardens, and the Old Globe Theatre, is a popular destination for both residents and tourists. The city's mild climate and outdoor lifestyle make it a desirable place to live for people of all ages.
Benefits of FHA Down Payment Assistance Home Loan in San Diego, California
