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 South Gate, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in South Gate, CA provides a financial boost to eligible homebuyers in South Gate, 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 South Gate, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in South Gate, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in South Gate, 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 South Gate, 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 South Gate, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in South Gate, 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 South Gate, 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 South Gate, 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 South Gate provide a great opportunity for first-time home buyers or those with limited funds to achieve homeownership. These loans offer lower down payment requirements, competitive interest rates, and are often easier to qualify for compared to traditional loans. South Gate, California, boasts a diverse population with a significant Hispanic community. The city has a mix of urban and suburban feel, offering residents a vibrant atmosphere with access to various cultural amenities, restaurants, and local businesses. In terms of the housing market, South Gate has seen a steady rise in property values over the past few years. The real estate market continues to be robust, with a range of housing options available, including single-family homes, townhouses, and apartments. Some main attractions in South Gate include the South Gate Park, Hollydale Regional Park, and the South Gate Aquatic Center. These recreational facilities provide residents with opportunities for outdoor activities, sports, and relaxation.
Benefits of FHA Down Payment Assistance Home Loan in South Gate, California
