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 Rey, 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 Rey, CA provides a financial boost to eligible homebuyers in San Luis Rey, 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 Rey, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in San Luis Rey, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in San Luis Rey, 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 Rey, 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 Rey, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in San Luis Rey, 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 Rey, 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 Rey, 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.
Benefits of FHA Down Payment Assistance Home Loan: The FHA loan program offers low down payment options, making homeownership more accessible. The down payment assistance can help individuals who may not have substantial savings to buy a home. Additionally, FHA loans often have lower credit score requirements compared to conventional loans. Demographics: San Luis Rey, California, is a diverse community with a mix of families, young professionals, and retirees. The population is a blend of different ethnicities, contributing to a rich cultural environment. Housing Market: The housing market in San Luis Rey is competitive, with a mix of single-family homes, townhouses, and apartments. The median home price is relatively affordable compared to neighboring areas, making it an attractive option for first-time homebuyers. Main Attractions: San Luis Rey offers beautiful beaches, scenic hiking trails, and a quaint downtown area with local shops and restaurants. The Mission San Luis Rey, a historic landmark, attracts visitors interested in the area's rich history.
FHA Down Payment Assistance Home Loan in San Luis Rey, California
