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 Clara, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Santa Clara, CA provides a financial boost to eligible homebuyers in Santa Clara, 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 Clara, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Santa Clara, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Santa Clara, 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 Clara, 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 Clara, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Santa Clara, 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 Clara, 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 Clara, 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.
1. **Financial Help:** One of the main advantages of FHA down payment assistance home loans in Santa Clara, California is the financial support it provides to homebuyers. This assistance can help individuals and families overcome the hurdle of making a large down payment, making homeownership more accessible. 2. **Lower Down Payment:** FHA loans offer lower down payment requirements compared to conventional loans, allowing buyers to put down as little as 3.5%. This can be particularly beneficial for first-time homebuyers or those with limited savings. 3. **Flexible Qualifications:** FHA loans have more lenient credit and income requirements, making it easier for borrowers to qualify. Additionally, these loans offer competitive interest rates, further enhancing affordability for buyers in Santa Clara. Demographics: Santa Clara is a diverse city in the heart of Silicon Valley, with a population that reflects various ethnicities and cultures. The city has a mix of young professionals, families, and students due to its proximity to tech companies and universities. Housing Market: Santa Clara's housing market is competitive, with a median home price higher than the national average. However, the availability of FHA down payment assistance programs can make it easier for buyers to enter the market and secure a home in this desirable location. Main Attractions: Santa Clara is home to attractions such as California's Great America theme park, Levi's Stadium (home of the San Francisco 49ers), and the Intel Museum. The city also offers beautiful parks, shopping centers, and a vibrant culinary scene.
The Benefits of FHA Down Payment Assistance Home Loan in Santa Clara, California
