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 Wilmington, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Wilmington, CA provides a financial boost to eligible homebuyers in Wilmington, 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 Wilmington, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Wilmington, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Wilmington, 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 Wilmington, 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 Wilmington, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Wilmington, 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 Wilmington, 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 Wilmington, 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 Loan in Wilmington, California provides numerous benefits to potential homebuyers. Such benefits include lower down payment requirements, flexible credit score criteria, and competitive interest rates. Additionally, these loans often provide assistance to individuals who may not qualify for conventional financing. Wilmington, California, located in Los Angeles County, has a diverse population with a mix of ethnicities. The neighborhood has a vibrant culture, with a significant Hispanic community. The area is also known for its industrial businesses and proximity to the Port of Los Angeles, making it a hub for trade and commerce. The housing market in Wilmington, California, offers a variety of options for homebuyers. With the assistance of FHA loans, potential buyers can find affordable properties in a range of styles, from cozy bungalows to modern condos. The market is competitive yet accessible, with opportunities for first-time buyers and seasoned investors alike. Wilmington boasts several main attractions, such as the Banning Museum, showcasing the history of the area, and the Drum Barracks Civil War Museum. Outdoor enthusiasts can enjoy the nearby Wilmington Waterfront Park, offering picturesque views of the harbor and recreational activities for residents and visitors.
Benefits of FHA Down Payment Assistance Home Loan in Wilmington, California
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