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 Luis Obispo, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in San Luis Obispo, CA provides a financial boost to eligible homebuyers in San Luis Obispo, 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 Luis Obispo, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in San Luis Obispo, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in San Luis Obispo, 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 Luis Obispo, 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 Luis Obispo, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in San Luis Obispo, 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 Luis Obispo, 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 Luis Obispo, 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 Loan in San Luis Obispo offers low down payment options, making homeownership more accessible for first-time buyers. This program helps individuals who may not have a large down payment saved up to qualify for a mortgage. Demographically, San Luis Obispo has a diverse population with a mix of young professionals, families, and retirees. The city's residents enjoy a high quality of life, excellent schools, and a strong sense of community. The housing market in San Luis Obispo is competitive yet stable. With the FHA Down Payment Assistance Home Loan, buyers have an advantage in the market by being able to secure financing with a lower down payment. The city offers various housing options, from historic neighborhoods to modern developments. Main attractions in San Luis Obispo include the iconic Mission San Luis Obispo de Tolosa, the vibrant Downtown with its shops and restaurants, and outdoor activities like hiking in Bishop Peak or exploring the nearby wineries in Paso Robles. The city's central location provides easy access to stunning beaches along the California coast.
Benefits of FHA Down Payment Assistance Home Loan in San Luis Obispo, California
