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 Sonora, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Sonora, CA provides a financial boost to eligible homebuyers in Sonora, 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 Sonora, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Sonora, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Sonora, 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 Sonora, 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 Sonora, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Sonora, 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 Sonora, 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 Sonora, 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 Loan in Sonora, California offers numerous benefits to prospective homebuyers. Some of the advantages include low down payment requirements, competitive interest rates, and the possibility of financing closing costs. Additionally, FHA loans are often more accessible to borrowers with less than perfect credit scores. Sonora, California, is a charming town nestled in the Sierra Nevada foothills. With a population of around 4500 residents, the town boasts a rich history dating back to the Gold Rush era. The community is known for its welcoming atmosphere, vibrant arts scene, and strong sense of community spirit. The housing market in Sonora, California, offers a diverse range of options for homebuyers. From historic Victorian homes to modern condominiums, there is something for everyone in this picturesque town. The real estate market is stable, with a mix of affordable and upscale properties to suit various budgets. In addition to its rich history and strong sense of community, Sonora offers a variety of attractions for residents and visitors alike. Outdoor enthusiasts can explore nearby Yosemite National Park, while history buffs can visit the historic Columbia State Historic Park. The town also hosts numerous cultural events, farmers' markets, and local festivals throughout the year.
FHA Down Payment Assistance Home Loan in Sonora, California
