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 Sunnyvale, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Sunnyvale, CA provides a financial boost to eligible homebuyers in Sunnyvale, 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 Sunnyvale, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Sunnyvale, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Sunnyvale, 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 Sunnyvale, 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 Sunnyvale, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Sunnyvale, 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 Sunnyvale, 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 Sunnyvale, 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 Sunnyvale, California offer numerous advantages. Firstly, they provide financial support for homebuyers with lower income levels by reducing the upfront costs associated with buying a home. This makes homeownership more accessible to a wider range of individuals and families. Secondly, these loans typically offer lower interest rates compared to conventional loans, resulting in lower monthly mortgage payments and long-term savings for borrowers. Additionally, FHA loans have less stringent credit score requirements, making them an attractive option for first-time homebuyers or those with less-than-perfect credit history. Lastly, FHA loans allow for a lower down payment, often as low as 3.5% of the home's purchase price, easing the financial burden on homebuyers and enabling them to move into their new homes sooner. Demographics Sunnyvale, California, is a diverse city located in the heart of Silicon Valley. It boasts a population that is highly educated, with a significant number of residents working in technology and engineering fields. The city attracts a mix of young professionals, families, and retirees, creating a vibrant and inclusive community. Housing Market The housing market in Sunnyvale is competitive, with a high demand for housing due to its proximity to major tech companies like Apple, Google, and Facebook. Home prices tend to be above the national average, reflecting the city's desirability and strong job market. The availability of FHA Down Payment Assistance Home Loans can help more buyers enter this challenging market. Main Attractions Sunnyvale offers a range of attractions, including the beautiful Sunnyvale Baylands Park, the historic Lace Museum, and the vibrant Downtown Murphy Avenue. Residents enjoy easy access to outdoor activities, cultural events, and diverse dining options, making Sunnyvale a desirable place to live and work.
The Benefits of FHA Down Payment Assistance Home Loan in Sunnyvale, California
