Buying a home is a huge responsibility, but also a wonderful opportunity. However, most people these days don't have any money, or very little, for a down payment. There are other options available, for those California residents who qualify, to obtain that down payment and finance 100% of the purchase price. The State of California, County of San Diego and several cities through-out San Diego County all offer down payment assistance programs to help homebuyers purchase their next home, but there are requirements that must be met for each one. I've compiled a list below of several of the programs being offered through-out the state. You can click on the links to research further whether you qualify, or contact me and I can put you in touch with my lender who specializes in each of them. Most of the programs are for low-income, first-time buyers, with the exception of the CalHFA program offered through the State of California where the maximum household annual income requirement is $101,200 and you do not need to be a first-time buyer.
Programs being offered are:
State of California – CalHFA
Watch this short video to explain how CalHFA works: https://www.youtube.com/watch?v=47l74UQmj38&index=2&list=FLk1kBcqGSTuftwKyjvPtNQA
County of San Diego – DCCA/CalHome Program
– Click here for a DCCA/CalHome informational flyer
City of Oceanside – CalHome 1st Time Homebuyer Program
– Click here for an Oceanside informational flyer
City of Escondido – HELP program
– Click here for an Escondido informational flyer
– Click here for program guidelines
City of San Marcos – also a CalHome Program
(as of June 2015, no funds are currently available)
Cities of Vista, Chula Vista, National City – Offered through Community Housing Works (CHW)
– Click here for an overview of all programs CHW has to offer
– Click here for a Chula Vista informational flyer
– Click here for a National City informational flyer
– Click here for a Vista informational flyer
(as of June 2015, no funds are currently available for Vista)
100% Financing Also Available Through Navy Federal Credit Union –
– Click here for additional information (Must be a member to apply)
