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 San Francisco, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in South San Francisco, CA provides a financial boost to eligible homebuyers in South San Francisco, 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 San Francisco, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in South San Francisco, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in South San Francisco, 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 San Francisco, 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 San Francisco, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in South San Francisco, 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 San Francisco, 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 San Francisco, 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 in South San Francisco offers numerous benefits to potential homebuyers. One major advantage is the lower down payment requirement, which can be as low as 3.5% of the home's purchase price. This makes homeownership more accessible to individuals who may not have substantial savings for a traditional down payment. Another benefit is the competitive interest rates that are typically offered with FHA loans. These rates can help borrowers save money over the life of the loan compared to other financing options. Additionally, FHA loans are often more flexible in terms of credit score requirements, making them a viable option for individuals with less-than-perfect credit. Demographically, South San Francisco is a diverse and vibrant community, with a mix of cultures and backgrounds. The city has a relatively young population, with a median age of around 39 years old. South San Francisco is known for its strong sense of community and excellent schools, making it a desirable location for families. In terms of the housing market, South San Francisco has experienced steady growth in property values in recent years. The city offers a range of housing options, from single-family homes to apartments and condos. The demand for housing in South San Francisco remains high, driven by its proximity to major tech companies and job opportunities in the Bay Area. Some of the main attractions in South San Francisco include the scenic San Bruno Mountain State Park, offering hiking trails and panoramic views of the Bay Area. The city is also home to popular shopping and dining destinations, such as the Shops at Tanforan and a variety of restaurants showcasing diverse cuisines.
Benefits of FHA Down Payment Assistance Home Loan in South San Francisco
