City of San Diego Middle-Income First-Time Homebuyer Program
Housing Program
City of San Diego Middle-Income First-Time Homebuyer Program
Program description
A City of San Diego program providing $50,000 in combined down payment and closing cost assistance to eligible middle-income first-time homebuyers.
Maximum assistance
$50,000 total: $40,000 deferred down payment loan plus $10,000 closing cost grant
Repayment
Partially
Program categories
County
Assistance Type
Property Type
Important considerations
The $40,000 loan carries 4% simple interest and is deferred during years 1 through 5, then converts to fixed monthly payments over 120 months. The $10,000 grant is forgiven after 3 years if the home remains owner-occupied.
Eligibility & program information
Rank Math Internal Links Processed
1
Status
Active
Additional Info
Funding availability is subject to change and should be verified before applying.
Coverage Type
City
Resources
City of San Diego Middle-Income First-Time Homebuyer Program Official Website
Eligibility Requirements
First-time homebuyer,minimum 3% buyer down payment,owner occupancy.,household income between 80% and 150% AMI,purchase within the City of San Diego,minimum 640 credit score,at least two years of consistent work history,maximum purchase price $1.25 million,complete required homebuyer education and counseling
Official Information
Visit the official website(s) for current eligibility, program details, and information on how to apply.