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 Somerset, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Somerset, CA provides a financial boost to eligible homebuyers in Somerset, 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 Somerset, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Somerset, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Somerset, 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 Somerset, 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 Somerset, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Somerset, 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 Somerset, 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 Somerset, 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: The FHA Down Payment Assistance Home Loan in Somerset, California offers a lower down payment requirement, making homeownership more accessible to a wider range of individuals. Additionally, it provides competitive interest rates and allows for lower credit scores compared to traditional loans. Demographics: Somerset, California, is a diverse community with a mix of families, young professionals, and retirees. The population consists of both long-time residents and newcomers attracted to the area for its scenic beauty and relaxed lifestyle. Housing Market: Somerset's housing market offers a variety of options, from cozy single-family homes to spacious estates. The market is dynamic, with a range of prices to suit different budgets. With the FHA Down Payment Assistance Program, potential homebuyers have more flexibility in purchasing their dream home. Main Attractions: Somerset is known for its picturesque vineyards and wineries, offering visitors and residents a taste of local wine culture. The area also boasts stunning natural landscapes, including hiking trails, lakes, and parks, making it a haven for outdoor enthusiasts.
FHA Down Payment Assistance Home Loan Benefits in Somerset, California
