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 Pasadena, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in South Pasadena, CA provides a financial boost to eligible homebuyers in South Pasadena, 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 Pasadena, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in South Pasadena, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in South Pasadena, 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 Pasadena, 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 Pasadena, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in South Pasadena, 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 Pasadena, 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 Pasadena, 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 offer numerous benefits for homebuyers in South Pasadena. These loans require lower down payments, making homeownership more accessible for first-time buyers and those with limited funds. Additionally, FHA loans come with competitive interest rates, helping buyers save money over the life of the loan. Demographically, South Pasadena boasts a diverse population with a mix of young professionals, families, and retirees. The city provides a welcoming community for residents of all backgrounds, offering top-tier educational opportunities and a range of cultural experiences. In terms of the housing market, South Pasadena enjoys a stable and competitive real estate landscape. The market offers a variety of housing options, from historic homes to modern developments. With the help of FHA down payment assistance, buyers can take advantage of favorable market conditions to secure their dream home. Main attractions in South Pasadena include the iconic Colorado Street Bridge, renowned for its architectural beauty and historical significance. The city also features picturesque parks, trendy boutiques, and a thriving culinary scene, making it a desirable place to live and explore.
Benefits of FHA Down Payment Assistance Home Loan in South Pasadena, California
