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 Cruz, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Santa Cruz, CA provides a financial boost to eligible homebuyers in Santa Cruz, 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 Cruz, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Santa Cruz, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Santa Cruz, 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 Cruz, 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 Cruz, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Santa Cruz, 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 Cruz, 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 Cruz, 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. Lower Down Payment: With an FHA loan, you can benefit from a lower down payment requirement, making homeownership more accessible. 2. Flexible Credit Requirements: FHA loans often have more flexible credit score requirements, allowing individuals with less-than-perfect credit to qualify. 3. Assistance Programs: Santa Cruz offers various down payment assistance programs that can further help buyers with their home purchase. Demographics Santa Cruz, California, is a diverse community with a population encompassing students, families, and retirees. The city has a strong emphasis on sustainability and outdoor activities. Housing Market The housing market in Santa Cruz is characterized by high demand and limited supply, leading to competitive pricing. The median home value is above the national average, but the city offers a variety of housing options from beachfront properties to cozy suburban homes. Main Attractions Santa Cruz is famous for its iconic Beach Boardwalk, beautiful beaches, and redwood forests. The city also boasts a vibrant arts and culture scene, lively downtown area, and numerous outdoor activities like surfing, hiking, and biking.
Benefits of FHA Down Payment Assistance Home Loan in Santa Cruz, California
