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Are you a first-time home buyer considering the purchase of a home in San Diego County? A first-time home buyer is defined as anyone who hasn't owned a home in the last three years. This is your one place to see all of the programs available!
San Diego County and many of her beautiful cities offer first-time home buyer programs to provide you with substantial down payment assistance. Most of them are set up as "silent second" mortgages - loans which can be used for large down payments that require no monthly repayment! You pay them back when you sell your home. This allows you to qualify for a nicer home than you could get otherwise - anywhere from 5% to $70,000 more home!
All of the circled cities have some kind of program to help first-time homebuyers:
The challenge for prospective home buyers is that all of the City and County Programs offer different amounts of assistance and use different qualifying guidelines and income limits. Additionally, they run out of funds for these Programs at different times! For you to determine if you fit within the various guidelines and if the Programs have funds, you're forced to search the programs on one City/County website after another or by making numerous phone calls. It becomes so confusing and time-consuming that many get frustrated and give up.
SanDiegoDAN is here to end the confusion by sharing with you all the basic information about these Programs. We want to help you take advantage of the large down-payments and buy a nicer home by showing you all the Programs in one place and whether they currently have funds. This will save you endless hours of searching. And it's FREE!
If your income is below the maximums allowed by the individual programs (see Income Limits in The Programs), you deserve to benefit from the substantial down payment assistance available - UP TO $70,000!
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