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 Scotia, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Scotia, CA provides a financial boost to eligible homebuyers in Scotia, 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 Scotia, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Scotia, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Scotia, 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 Scotia, 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 Scotia, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Scotia, 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 Scotia, 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 Scotia, 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 Loan in Scotia, California offers lower down payment requirements, making homeownership more accessible for first-time buyers. This can help individuals with limited savings to qualify for a mortgage and purchase a home. This loan program also provides competitive interest rates, which can result in lower overall borrowing costs over the life of the loan. Additionally, FHA loans often have more flexible credit requirements compared to conventional loans, making them a viable option for borrowers with less than perfect credit history. Moreover, FHA loans have options for assistance with closing costs, further reducing the upfront expenses associated with buying a home. This financial support can make homeownership a reality for more individuals and families in Scotia, California.
Benefits of FHA Down Payment Assistance Home Loan in Scotia, California
