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 Gabriel, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in San Gabriel, CA provides a financial boost to eligible homebuyers in San Gabriel, 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 Gabriel, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in San Gabriel, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in San Gabriel, 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 Gabriel, 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 Gabriel, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in San Gabriel, 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 Gabriel, 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 Gabriel, 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 numerous benefits for homebuyers in San Gabriel, California. One key advantage is the lower down payment requirement, making homeownership more accessible. This type of loan also allows for lower credit scores, providing opportunities for individuals who may not qualify for conventional loans. San Gabriel, California, is a diverse city with a rich demographic makeup. The population consists of various ethnicities, including Hispanic, Asian, and Caucasian residents. The city has a vibrant community that values cultural diversity and inclusivity. The housing market in San Gabriel is dynamic, with a mix of historic homes and modern developments. The city offers a range of housing options to cater to different preferences and budgets. The market is competitive, but FHA loans can help buyers navigate the real estate landscape more effectively. San Gabriel boasts several main attractions, such as the historic Mission San Gabriel Arcángel, which provides insight into the city's rich cultural heritage. The bustling San Gabriel Square offers a variety of dining and shopping experiences, while Smith Park provides a green oasis for outdoor activities.
FHA Down Payment Assistance Home Loan Benefits in San Gabriel, California
