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 Yermo, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Yermo, CA provides a financial boost to eligible homebuyers in Yermo, 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 Yermo, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Yermo, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Yermo, 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 Yermo, 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 Yermo, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Yermo, 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 Yermo, 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 Yermo, 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 numerous benefits for homebuyers in Yermo, California. These loans allow for a lower down payment, as low as 3.5% of the purchase price, making homeownership more accessible to a broader range of individuals in the area. Additionally, FHA loans have less stringent credit score requirements compared to traditional loans, providing opportunities for those with less than perfect credit to qualify for financing. The assistance programs available can further reduce upfront costs and provide support to first-time homebuyers. Demographically, Yermo, California, is a diverse community with a mix of families, retirees, and young professionals. The population is approximately X, with a median household income of Y. The area is known for its friendly atmosphere and strong sense of community. In terms of the housing market, Yermo offers a range of affordable housing options, from single-family homes to townhouses and condos. The market is relatively stable, with steady appreciation rates over the past few years, making it an attractive location for property investment. Main attractions in Yermo include the Calico Ghost Town, a historic silver mining town turned tourist attraction, offering visitors a glimpse into the area's past. The nearby Mojave National Preserve provides ample outdoor recreational opportunities, including hiking, camping, and stargazing.
The Benefits of FHA Down Payment Assistance Home Loans in Yermo, California
