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 Selma, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Selma, CA provides a financial boost to eligible homebuyers in Selma, 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 Selma, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Selma, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Selma, 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 Selma, 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 Selma, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Selma, 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 Selma, 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 Selma, 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.
Benefits of FHA Down Payment Assistance Home Loan: The FHA loan program offers benefits such as lower down payment requirements, flexible credit score criteria, and competitive interest rates. This assistance makes homeownership more accessible to a wider range of individuals, including first-time buyers and those with limited financial resources. Demographics: Selma, California, is a diverse community with a population that includes a mix of Hispanic, White, and Asian residents. The median household income is around the national average, making FHA down payment assistance an attractive option for many residents looking to purchase a home. Housing Market: Selma's housing market offers a variety of options, including single-family homes, townhouses, and condos. With the assistance of FHA loans, potential buyers can take advantage of the city's affordable housing prices and low-interest rates, making it an appealing location for those looking to invest in real estate. Main Attractions: Selma is known for its rich agricultural heritage, with attractions such as the Raisin Capital of the World, which hosts an annual harvest festival. The city also offers recreational opportunities at places like the Selma Layne Park and the Brentlinger Park, making it a great place for families and outdoor enthusiasts.
FHA Down Payment Assistance Home Loan in Selma, California
