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 Fe Springs, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Santa Fe Springs, CA provides a financial boost to eligible homebuyers in Santa Fe Springs, 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 Fe Springs, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Santa Fe Springs, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Santa Fe Springs, 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 Fe Springs, 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 Fe Springs, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Santa Fe Springs, 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 Fe Springs, 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 Fe Springs, 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 Fe Springs, California offer numerous benefits to prospective homebuyers. These loans require a lower down payment compared to conventional loans, making homeownership more accessible. Additionally, they often have lower credit score requirements, making them ideal for first-time homebuyers or those with less-than-perfect credit. Moreover, FHA loans offer competitive interest rates and flexible qualification criteria, including options for those with previous bankruptcy or foreclosure. The down payment assistance programs can help with closing costs, making it easier to afford a home in Santa Fe Springs. Lastly, FHA loans also allow for higher debt-to-income ratios, enabling more people to qualify for a mortgage. This can be especially beneficial in high-cost areas like Santa Fe Springs, where housing prices are above the national average.
Benefits of FHA Down Payment Assistance Home Loans
