November 2022
San Diego Housing Commission has millions left this fiscal year to help first time homebuyers with Down-Payment Assistance
Normally, the money would have been used up by now.
San Diego Housing Commission says it has millions of dollars in federal, state and local funding to help new home buyers with down payments, and they want more people to take advantage of it.
A First Time home Buyer anyone who has not bought or sold a home in 3 Years
To qualify, buyers must make less than 80% of San Diego’s median income.
Also, you need to have a steady income so you can afford the mortgage.
As for paying back the loan, the interest rate is three-percent, but no money is owed until you sell, or refinance, within 30 years.
The program helps people in both the city and county of San Diego, as well as neighboring cities, including Chula Vista, and in the coming weeks, El Cajon.
Connect with Us to help connect you with a Qualified Lender to walk you through the process and for a Free preapproval
