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 Francisco, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in San Francisco, CA provides a financial boost to eligible homebuyers in San Francisco, 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 Francisco, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in San Francisco, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in San Francisco, 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 Francisco, 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 Francisco, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in San Francisco, 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 Francisco, 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 Francisco, 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. Increased Affordability: FHA loans offer lower down payment requirements, making homeownership more accessible for first-time buyers in San Francisco. 2. Competitive Interest Rates: Borrowers with lower credit scores can qualify for FHA loans at competitive rates, helping them save money over the life of the loan. 3. Down Payment Assistance: Eligible buyers can receive financial aid for their down payment, reducing the upfront costs associated with purchasing a home in San Francisco. Demographics San Francisco is a diverse city with a population that includes a mix of cultures, ethnicities, and backgrounds. The city has a higher percentage of young professionals and tech workers, contributing to its dynamic and innovative atmosphere. Housing Market The housing market in San Francisco is known for its competitive nature and high prices. However, with FHA down payment assistance programs, more buyers can enter the market and fulfill their dream of homeownership in this vibrant city. Main Attractions San Francisco offers a plethora of attractions, including the iconic Golden Gate Bridge, Alcatraz Island, Fisherman's Wharf, and the bustling streets of Chinatown. The city's vibrant culinary scene, diverse neighborhoods, and cultural landmarks make it a desirable place to live and explore.
Benefits of FHA Down Payment Assistance Home Loan in San Francisco
