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 Santa Ana, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Santa Ana, CA provides a financial boost to eligible homebuyers in Santa Ana, 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 Santa Ana, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Santa Ana, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Santa Ana, 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 Santa Ana, 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 Santa Ana, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Santa Ana, 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 Santa Ana, 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 Santa Ana, 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 Santa Ana offer a lower down payment requirement, enabling more individuals and families to become homeowners. This makes owning a home more affordable and accessible to a wider range of people. Additionally, these loans often come with competitive interest rates, which can result in lower monthly mortgage payments compared to traditional loans. This financial assistance can help buyers qualify for a loan amount that suits their budget and needs. Moreover, FHA loans have lenient credit score requirements, making it easier for individuals with less-than-perfect credit to qualify for a mortgage. This can be particularly advantageous for first-time homebuyers or those rebuilding their credit. Demographics Santa Ana is a diverse city in Orange County, California, with a population that includes a significant percentage of Hispanic and Asian residents. The city has a lively cultural scene, with various events and festivals celebrating its multicultural community. Housing Market The housing market in Santa Ana is robust, with a mix of single-family homes and condominiums available for purchase. The median home prices have been steadily increasing in recent years, reflecting the city's growing popularity among homebuyers. Main Attractions Santa Ana boasts attractions such as the Bowers Museum, Discovery Cube Orange County, and the historic Old Orange County Courthouse. The city also offers a range of dining options, shopping centers, and beautiful parks for residents to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Santa Ana, California
