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 Somes Bar, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Somes Bar, CA provides a financial boost to eligible homebuyers in Somes Bar, 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 Somes Bar, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Somes Bar, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Somes Bar, 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 Somes Bar, 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 Somes Bar, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Somes Bar, 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 Somes Bar, 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 Somes Bar, 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.
The FHA Down Payment Assistance Home Loan program offers several benefits for homebuyers in Somes Bar, California. This program allows for a lower down payment requirement, making homeownership more accessible for those with limited funds for a down payment. Demographics: Somes Bar, California, is a small town located in Siskiyou County with a population of approximately 200 residents. The town has a close-knit community feel, making it an attractive place for families and individuals seeking a peaceful lifestyle. Housing Market: The housing market in Somes Bar offers a mix of historic homes and newer constructions. The median home price is affordable compared to neighboring areas, making it an attractive option for both first-time homebuyers and those looking to relocate. Main Attractions: Somes Bar is surrounded by the beautiful Klamath National Forest, offering residents access to stunning natural landscapes, hiking trails, and outdoor recreational activities. The nearby Klamath River also provides opportunities for fishing and water sports.
Benefits of FHA Down Payment Assistance Home Loan in Somes Bar, California
