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 Somis, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Somis, CA provides a financial boost to eligible homebuyers in Somis, 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 Somis, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Somis, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Somis, 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 Somis, 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 Somis, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Somis, 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 Somis, 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 Somis, 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 down payment assistance home loans in Somis, California, offer numerous benefits to potential homebuyers. These loans allow for lower down payments, typically around 3.5%, making homeownership more accessible to those with limited funds for a down payment. Moreover, FHA loans have competitive interest rates and are easier to qualify for than conventional loans. They also offer options for borrowers with less-than-perfect credit scores, making them a great choice for first-time homebuyers or those with prior financial challenges. Demographically, Somis, California, is a diverse community with a mix of urban and rural characteristics. The town has a population of approximately 3,000 residents, with a median household income above the national average. The majority of residents are homeowners, contributing to a stable and thriving local economy. In terms of the housing market, Somis offers a range of housing options, from single-family homes to townhouses and apartments. The market is currently experiencing steady appreciation in home values, making it a favorable time to invest in property in the area. Main attractions in Somis include its picturesque vineyards, which contribute to the town's vibrant agricultural industry. Additionally, Somis is located near the scenic Pacific coast and is a short drive from popular destinations like Malibu and Santa Barbara, offering residents a mix of small-town charm and easy access to urban amenities.
Benefits of FHA Down Payment Assistance Home Loan in Somis, California
