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 Toluca Lake, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Toluca Lake, CA provides a financial boost to eligible homebuyers in Toluca Lake, 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 Toluca Lake, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Toluca Lake, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Toluca Lake, 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 Toluca Lake, 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 Toluca Lake, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Toluca Lake, 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 Toluca Lake, 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 Toluca Lake, 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: An FHA loan in Toluca Lake offers lower down payment requirements, making homeownership more accessible to a wider range of individuals. This assistance program allows borrowers to qualify for a loan with a lower credit score and a smaller down payment compared to conventional loans. Demographics: Toluca Lake, California, is an affluent neighborhood known for its high-income residents. The population consists of professionals, families, and individuals who appreciate the community's close-knit feel and amenities. Housing Market in Toluca Lake: The real estate market in Toluca Lake is competitive, with a mix of single-family homes and luxury properties. The area features a variety of architectural styles, including Spanish Colonial and Mediterranean estates, attracting buyers looking for upscale living in a desirable location. Main Attractions: Toluca Lake is home to the iconic Lakeside Golf Club, offering exclusive golfing experiences. Residents can also enjoy the nearby Toluca Lake Village with its charming shops and restaurants. The neighborhood's proximity to Studio City and Burbank provides easy access to entertainment industry hubs.
FHA Down Payment Assistance Home Loan in Toluca Lake, California
