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 Maria, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Santa Maria, CA provides a financial boost to eligible homebuyers in Santa Maria, 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 Maria, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Santa Maria, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Santa Maria, 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 Maria, 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 Maria, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Santa Maria, 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 Maria, 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 Maria, 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 Maria, California offer several benefits to potential homebuyers. These loans provide lower down payment requirements, making homeownership more accessible. Additionally, they often have lower credit score requirements, allowing individuals with less than perfect credit to qualify. Demographically, Santa Maria is a diverse community with a mix of cultures and backgrounds. The city has a growing population, with a median age of around 30 years old. The median household income is above the national average, contributing to a stable economy. The housing market in Santa Maria is competitive, with a mix of affordable housing options and more upscale properties. The market has seen steady appreciation in home values over the past few years, making it an attractive investment for potential homebuyers. With the assistance of FHA loans, more individuals can enter the market and benefit from this growth. Some main attractions in Santa Maria include the Foxen Canyon Wine Trail, known for its picturesque vineyards and wine tastings. The city is also home to the Santa Maria Museum of Flight, offering a glimpse into the region's aviation history. Additionally, the nearby beaches provide residents with a relaxing escape from city life.
Benefits of FHA Down Payment Assistance Home Loans in Santa Maria, California
