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 Terra Bella, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Terra Bella, CA provides a financial boost to eligible homebuyers in Terra Bella, 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 Terra Bella, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Terra Bella, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Terra Bella, 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 Terra Bella, 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 Terra Bella, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Terra Bella, 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 Terra Bella, 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 Terra Bella, 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 of FHA Down Payment Assistance Home Loan: 1. Low down payment requirements, making homeownership more accessible. 2. Competitive interest rates compared to conventional loans. 3. Assistance programs for first-time homebuyers offer additional financial support. Demographics of Terra Bella, California: Terra Bella has a population of approximately 3,300 residents, with a median age of 30 years. The community is diverse, with a blend of Hispanic, White, and Native American residents. Housing Market in Terra Bella: The housing market in Terra Bella is stable, with a median home value of $165,000. Real estate trends indicate a rise in property values, making it a favorable investment opportunity. Main Attractions in Terra Bella: Terra Bella is known for its annual Citrus Festival, celebrating the town's rich agricultural heritage. The nearby Sequoia National Forest offers outdoor recreation opportunities like hiking and camping.
FHA Down Payment Assistance Home Loan in Terra Bella, California
