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 Paula, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Santa Paula, CA provides a financial boost to eligible homebuyers in Santa Paula, 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 Paula, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Santa Paula, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Santa Paula, 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 Paula, 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 Paula, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Santa Paula, 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 Paula, 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 Paula, 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 Paula offer numerous benefits to prospective homebuyers. One of the key advantages is the lower down payment requirement, typically as low as 3.5% of the purchase price. This accessibility makes homeownership more achievable for individuals who may not have substantial savings for a traditional down payment. Additionally, FHA loans often come with competitive interest rates, making them an attractive option for first-time buyers or those with less-than-perfect credit. The loan programs also provide flexibility in terms of qualifying criteria, allowing more people to qualify for financing and purchase a home in Santa Paula. Furthermore, FHA loans include provisions for down payment assistance programs that can help cover upfront costs, such as closing expenses or required repairs. These programs can further alleviate financial burdens for buyers and facilitate the purchase of a home in Santa Paula.
Benefits of FHA Down Payment Assistance Home Loan in Santa Paula, California
