First-time home buyers in San Diego face many barriers in today’s market, and that’s why we’re here. Mortgage San Diego offers access to various first-time home buyer loans in San Diego, as well as assistance in navigating the complex process of purchasing your first home.
One of the most popular first-time home buyer loans offered in San Diego is the Homebuyer Down Payment and Closing Cost Assistance (DCCA) / CalHome Program. You can borrow up to $70,000 or 33% of your home purchase price, whichever is less.
To qualify, you must have an annual gross income of no more than 80% of the San Diego County Area Median Income). You must occupy the property as your primary residence and contribute 3% of the purchase price out of your own pocket. You must also complete a HUD/CalHome-approved Homebuyer Education Class, among other requirements.
A lot of homebuyers don’t give mortgage a good look until the bills start piling up. With the right plan and thorough knowledge of the terms and guidelines, you’ll find it easier to meet payments now and in the future.
Our team can discuss the options more in-depth, explain the process, and advise you on the program that best meets your needs, so all your decisions are well-informed from start to finish. With down payment assistance and our help, you can buy your home today and move in it the next month.
Start building your dream with us. Get in touch with the team today.