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 Yreka, CA for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in Yreka, CA provides a financial boost to eligible homebuyers in Yreka, 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 Yreka, CA can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in Yreka, CA. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in Yreka, 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 Yreka, 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 Yreka, CA, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in Yreka, 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 Yreka, 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 Yreka, 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 Yreka, California is the lower down payment requirement, which can be as low as 3.5% of the purchase price. This makes homeownership more accessible to a broader range of people, including first-time homebuyers and those with limited savings. 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. Moreover, FHA loans offer competitive interest rates and the option to include the closing costs in the loan amount, reducing the upfront out-of-pocket expenses for homebuyers. Demographics of Yreka, California Yreka, located in Siskiyou County, has a population of approximately 7,600 residents. The town has a mix of age groups, with a median age of 42 years. The median household income is around $39,000. Housing Market in Yreka, California The housing market in Yreka offers a variety of options, from historic homes to newer developments. The median home price in Yreka is around $225,000, making it an affordable area for homebuyers. Main Attractions in Yreka, California Yreka is known for its charming downtown area, which features historic buildings, quaint shops, and local eateries. Outdoor enthusiasts can enjoy nearby attractions such as the Shasta-Trinity National Forest and the Klamath River for hiking, fishing, and other recreational activities.
Benefits of FHA Down Payment Assistance Home Loan in Yreka, California
