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 Torrance, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Torrance, CA provides a financial boost to eligible homebuyers in Torrance, 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 Torrance, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Torrance, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Torrance, 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 Torrance, 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 Torrance, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Torrance, 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 Torrance, 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 Torrance, 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 Torrance, California provide a valuable opportunity for homebuyers. These loans offer lower down payment requirements, making homeownership more accessible to a wider range of individuals. This can help first-time homebuyers or those with limited funds to achieve their dream of owning a home. Demographically, Torrance, California, is a diverse city located in Los Angeles County. With a population of around 145,000 residents, the city has a mix of various ethnicities and cultures. Torrance is known for its strong sense of community, excellent schools, and safe neighborhoods, making it an attractive place to live for families and individuals alike. In terms of the housing market, Torrance offers a range of housing options, from cozy single-family homes to modern condominiums. The city's housing market is stable, with a mix of both buying and renting opportunities. The FHA down payment assistance home loans further enhance the housing market by providing additional options for potential buyers, stimulating growth and diversity in the real estate sector. Some of the main attractions in Torrance include the beautiful beaches, such as Torrance State Beach, which offer stunning views and recreational activities. The city is also home to the Del Amo Fashion Center, one of the largest shopping malls in the United States, providing residents with a variety of retail and dining options. Additionally, Torrance boasts several parks, museums, and cultural attractions for residents and visitors to enjoy.
Benefits of FHA Down Payment Assistance Home Loan in Torrance, California
