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 Tehama, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Tehama, CA provides a financial boost to eligible homebuyers in Tehama, 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 Tehama, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Tehama, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Tehama, 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 Tehama, 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 Tehama, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Tehama, 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 Tehama, 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 Tehama, 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.
One of the key benefits of an FHA down payment assistance home loan in Tehama, California is that it allows qualified buyers to secure a home with a lower down payment compared to conventional loans. This can make homeownership more accessible to individuals who may not have large savings for a down payment. Furthermore, FHA loans offer competitive interest rates and flexible credit requirements, making it easier for first-time homebuyers or those with less-than-perfect credit to qualify for a mortgage loan. The assistance programs available can help reduce upfront costs, making the process of buying a home more affordable. Additionally, FHA loans often have lower closing costs and can be assumable, which means that future buyers may be able to take over the loan under the same terms. This feature can add value to the property and attract potential buyers when it comes time to sell.
Benefits of FHA Down Payment Assistance Home Loan in Tehama, California
