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 Waterford, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Waterford, CA provides a financial boost to eligible homebuyers in Waterford, 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 Waterford, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Waterford, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Waterford, 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 Waterford, 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 Waterford, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Waterford, 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 Waterford, 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 Waterford, 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 Waterford, California is that it allows qualifying homebuyers to purchase a home with a lower down payment. This can make homeownership more accessible to individuals who may not have a large amount of savings for a traditional down payment. Additionally, FHA loans often have more flexible credit score requirements compared to conventional loans, making it easier for individuals with less-than-perfect credit to qualify for a mortgage. This can be particularly helpful for first-time homebuyers or those who have experienced financial setbacks in the past. Another advantage of FHA loans is that they typically have competitive interest rates, which can result in lower monthly mortgage payments for borrowers. This, combined with the down payment assistance program, can make buying a home in Waterford more affordable for many residents. Demographics Waterford, California, is a charming town located in Stanislaus County. With a population of approximately 9,900 residents, Waterford offers a tight-knit community vibe that appeals to families and individuals looking for a peaceful place to call home. Housing Market The housing market in Waterford is currently experiencing steady growth, with a mix of single-family homes, townhouses, and apartments available for purchase or rent. The median home price in Waterford is around $320,000, making it an attractive option for homebuyers looking for affordable housing options. Main Attractions Waterford is known for its beautiful parks and outdoor recreational activities, including the Woodward Reservoir, a popular spot for boating, fishing, and camping. The town also hosts various community events throughout the year, fostering a strong sense of community and belonging among residents.
Benefits of FHA Down Payment Assistance Home Loan in Waterford, California
