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 Rafael, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in San Rafael, CA provides a financial boost to eligible homebuyers in San Rafael, 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 Rafael, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in San Rafael, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in San Rafael, 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 Rafael, 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 Rafael, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in San Rafael, 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 Rafael, 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 Rafael, 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 in San Rafael offer various benefits such as lower down payment requirements, competitive interest rates, and government-backed protection for lenders, making homeownership more accessible and affordable for first-time buyers or those with less-than-perfect credit. San Rafael, California, boasts a diverse demographic with a mix of young professionals, families, and retirees. The city's population is around 59,000 and it is known for its vibrant arts community, excellent schools, and proximity to nature, attracting residents of all ages and backgrounds. The housing market in San Rafael is dynamic, with a blend of historic homes, modern developments, and picturesque neighborhoods. The average home price is around $1.2 million, with a steady increase in property values in recent years, making it a sound investment for potential homebuyers. Main attractions in San Rafael include the beautiful China Camp State Park, Marin County Civic Center designed by Frank Lloyd Wright, and vibrant downtown area with a variety of shops, restaurants, and cultural events, offering residents a rich and fulfilling lifestyle.
Benefits of FHA Down Payment Assistance Home Loan in San Rafael, California
