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 Barbara, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Santa Barbara, CA provides a financial boost to eligible homebuyers in Santa Barbara, 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 Barbara, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Santa Barbara, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Santa Barbara, 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 Barbara, 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 Barbara, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Santa Barbara, 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 Barbara, 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 Barbara, 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.
The benefits of an FHA Down Payment Assistance Home Loan in Santa Barbara are numerous. One key advantage is the lower down payment requirement, which can make home ownership more accessible for first-time buyers and those with limited funds. Additionally, these loans often come with competitive interest rates, helping borrowers save money over the life of the loan. Another benefit is the flexibility in credit score requirements, making it easier for individuals with less than perfect credit to qualify for a loan. Santa Barbara, California, is a vibrant coastal city known for its beautiful beaches, stunning mountain views, and Mediterranean-style architecture. The population of Santa Barbara is diverse, with a mix of families, young professionals, and retirees calling the city home. The city has a strong sense of community and offers a variety of cultural events, farmers markets, and outdoor activities. The housing market in Santa Barbara is competitive, with a mix of historic homes, modern condos, and luxury estates. The median home price is higher than the national average but offers excellent investment potential. With the assistance of FHA Down Payment programs, buyers can navigate the market more easily and find their dream home in this picturesque coastal location.
FHA Down Payment Assistance Home Loan in Santa Barbara, California
