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 Sierra Madre, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Sierra Madre, CA provides a financial boost to eligible homebuyers in Sierra Madre, 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 Sierra Madre, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Sierra Madre, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Sierra Madre, 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 Sierra Madre, 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 Sierra Madre, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Sierra Madre, 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 Sierra Madre, 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 Sierra Madre, 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 loans offer a lower down payment option, allowing buyers to purchase a home with as little as 3.5% down. This can make home ownership more accessible for first-time buyers or those with limited funds for a down payment. Furthermore, FHA loans often have competitive interest rates and less stringent credit requirements compared to conventional loans, making them a popular choice for many home buyers in Sierra Madre. Lastly, FHA loans also provide options for down payment assistance programs, which can further help buyers cover upfront costs and reduce the financial burden of purchasing a home in Sierra Madre. Demographics Sierra Madre, California, is a charming city with a population that has a median age of 42.7 years. The city boasts a diverse community with a mix of families, young professionals, and retirees. Housing Market The housing market in Sierra Madre is competitive, with a median home value higher than the national average. However, the FHA Down Payment Assistance Home Loan can make purchasing a home in this sought-after area more achievable for potential buyers. Main Attractions Sierra Madre is known for its picturesque hiking trails in the nearby mountains, charming downtown area with unique shops and restaurants, and annual events like the Wistaria Festival and the Mount Wilson Trail Race, making it an ideal place to live for those seeking a mix of outdoor activities and community events.
Benefits of FHA Down Payment Assistance Home Loan in Sierra Madre, California
