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 Summerland, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Summerland, CA provides a financial boost to eligible homebuyers in Summerland, 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 Summerland, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Summerland, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Summerland, 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 Summerland, 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 Summerland, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Summerland, 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 Summerland, 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 Summerland, 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.
Benefits: FHA Down Payment Assistance Home Loan in Summerland, California offers lower down payment requirements, competitive interest rates, and easier credit qualifications for first-time homebuyers. This program can make homeownership more accessible and affordable for individuals and families. Demographics: Summerland is a charming beach town located in Santa Barbara County, California. It has a population of around 1,500 residents, with a mix of young professionals, families, and retirees. The community is known for its laid-back atmosphere, beautiful beaches, and outdoor recreational activities. Housing Market: The housing market in Summerland offers a mix of single-family homes, condos, and beachfront properties. With the FHA Down Payment Assistance Home Loan program, potential buyers can take advantage of the rising property values, stable market conditions, and various housing options available in the area. Main Attractions: Summerland is home to boutique shops, art galleries, and locally-owned restaurants. The nearby Summerland Beach and Lookout Park offer stunning ocean views, picnic areas, and hiking trails. Residents and visitors can also enjoy wine tasting at the local vineyards and exploring the charming downtown area.
FHA Down Payment Assistance Home Loan in Summerland, California
