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 West Covina, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in West Covina, CA provides a financial boost to eligible homebuyers in West Covina, 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 West Covina, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in West Covina, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in West Covina, 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 West Covina, 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 West Covina, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in West Covina, 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 West Covina, 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 West Covina, 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: FHA loans offer low down payment options and flexible credit requirements, making homeownership more accessible. Down payment assistance programs further reduce out-of-pocket expenses for qualified buyers, making it easier to purchase a home in West Covina. Demographics: West Covina is a diverse city in Los Angeles County with a population of over 100,000 residents. The community is known for its mix of cultures, vibrant neighborhoods, and strong sense of community. There is a mix of age groups, with a median age of 35 years old. Housing Market Information: The housing market in West Covina is competitive, with a median home value around $600,000. The market is stable, with a mix of single-family homes, townhouses, and apartments available. The FHA loan program provides a great opportunity for first-time homebuyers to enter the market. Main Attractions: West Covina offers a range of attractions, including the Plaza West Covina shopping center, Galster Wilderness Park, and the Hurst Ranch Historical Center. Residents enjoy easy access to Los Angeles attractions while living in a more suburban setting.
FHA Down Payment Assistance Home Loan in West Covina, California
