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 Tracy, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Tracy, CA provides a financial boost to eligible homebuyers in Tracy, 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 Tracy, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Tracy, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Tracy, 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 Tracy, 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 Tracy, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Tracy, 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 Tracy, 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 Tracy, 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 offer several benefits for potential homebuyers in Tracy, California. These loans allow for a lower down payment requirement, making homeownership more accessible to individuals with limited savings. Additionally, FHA loans often have lower credit score requirements, providing opportunities for individuals with less-than-perfect credit to qualify for a mortgage. Tracy, California, is a diverse and growing community located in the Central Valley. The city has a population of approximately 90,000 residents, with a mix of different ethnicities and cultures. Tracy's demographics show a healthy blend of families, young professionals, and retirees, creating a vibrant and inclusive environment for residents. The housing market in Tracy, California, has been experiencing steady growth in recent years. With a variety of housing options available, from single-family homes to condominiums, Tracy offers choices for homebuyers at different price points. The city's real estate market is competitive yet stable, making it an attractive location for both first-time buyers and investors. Aside from its housing opportunities, Tracy, California, boasts several main attractions that make it a desirable place to live. The city is known for its beautiful parks, recreational facilities, and vibrant downtown area. Residents can enjoy outdoor activities, cultural events, and a strong sense of community in Tracy.
Benefits of FHA Down Payment Assistance Home Loan in Tracy, California
