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 Monica, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Santa Monica, CA provides a financial boost to eligible homebuyers in Santa Monica, 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 Monica, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Santa Monica, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Santa Monica, 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 Monica, 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 Monica, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Santa Monica, 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 Monica, 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 Monica, 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 programs offer benefits such as lower down payment requirements, making homeownership more accessible for first-time buyers. These loans often come with competitive interest rates and can be easier to qualify for compared to conventional loans. Santa Monica, California, is a vibrant coastal city known for its diverse population. With a mix of young professionals, families, and retirees, the city boasts a high quality of life and excellent public schools. The city's demographics reflect a blend of cultures and backgrounds, creating a dynamic community. The housing market in Santa Monica is competitive, with a strong demand for properties due to its desirable location near the beach and major tech hubs. Home prices can be higher than other parts of Los Angeles, but the investment potential is substantial. FHA down payment assistance can help buyers navigate the market and secure their dream home. Some of the main attractions in Santa Monica include the iconic Santa Monica Pier, Third Street Promenade for shopping and dining, and beautiful beaches perfect for outdoor activities. The city offers a mix of cultural attractions, outdoor spaces, and a lively nightlife scene, making it a popular destination for residents and visitors alike.
Benefits of FHA Down Payment Assistance Home Loan in Santa Monica, California
