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 Margarita, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Santa Margarita, CA provides a financial boost to eligible homebuyers in Santa Margarita, 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 Margarita, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Santa Margarita, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Santa Margarita, 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 Margarita, 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 Margarita, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Santa Margarita, 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 Margarita, 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 Margarita, 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 Margarita, California offer numerous benefits. These loans make homeownership more accessible by requiring lower down payments, allowing individuals with lower credit scores to qualify, and offering competitive interest rates. The demographics of Santa Margarita showcase a diverse community with a mix of age groups, ethnicities, and income levels. The town has a strong sense of community and is known for its friendly residents and welcoming atmosphere. The housing market in Santa Margarita is stable with a range of options from cozy single-family homes to spacious estates. The market offers good value for money compared to neighboring areas, making it an attractive option for first-time buyers and families looking to settle down. Main attractions in Santa Margarita include the stunning Santa Margarita Lake, perfect for outdoor activities like fishing and boating. The town also boasts charming local shops, restaurants, and wineries, providing residents with a vibrant and fulfilling lifestyle.
Benefits of FHA Down Payment Assistance Home Loan
