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 Simi Valley, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Simi Valley, CA provides a financial boost to eligible homebuyers in Simi Valley, 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 Simi Valley, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Simi Valley, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Simi Valley, 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 Simi Valley, 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 Simi Valley, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Simi Valley, 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 Simi Valley, 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 Simi Valley, 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.
One of the primary advantages of utilizing the FHA Down Payment Assistance Home Loan in Simi Valley, California, is the accessibility it provides to first-time homebuyers or those with less than perfect credit. This program offers lower down payment requirements and more lenient credit score qualifications, making homeownership more achievable for many individuals. Furthermore, the FHA loan program offers competitive interest rates and the possibility of including the closing costs in the loan amount, reducing the out-of-pocket expenses for buyers. This assistance can make buying a home more affordable and allows individuals to invest in real estate without facing significant financial barriers. Simi Valley, California, is a diverse community with a growing population, particularly among young families and professionals. The city boasts a range of amenities, including parks, shopping centers, and top-rated schools, making it an attractive location for individuals looking to settle down and raise families. In terms of the housing market, Simi Valley offers a mix of housing options, from single-family homes to condominiums, catering to various preferences and budgets. The market is stable, with steady appreciation rates, making it a safe investment for homebuyers. Additionally, the city's proximity to Los Angeles and the scenic beauty of its surroundings contribute to its desirability. Some of the main attractions in Simi Valley include the Ronald Reagan Presidential Library, providing a glimpse into the life of the former president, and the beautiful hiking trails in the surrounding Santa Susana Mountains. Residents also enjoy easy access to the beaches of Ventura County and the cultural offerings of nearby cities.
Benefits of FHA Down Payment Assistance Home Loan in Simi Valley, California
