Homebuyer Information
The San Diego Housing Commission (SDHC) assists low- and moderate-income families in purchasing their first homes by providing deferred-payment loans and homeownership grants.
In the City of San Diego, the SDHC First-Time Homebuyer Program can help with the purchase of a single-family house, townhome, or condominium. A deferred-payment, second trust deed loan with an interest rate of 3 percent is available to qualified buyers who make no more than 80 percent of San Diego’s Area Median Income. The loan can cover up to 22 percent of the purchase price (depending on the buyer’s need).
Submitting a first-time homebuyer program application
- Get in touch with a loan officer on our list of Participating Lenders. The primary point of contact from pre-approval to loan closing will be the loan officer. The borrower provides the loan officer with all necessary paperwork, and the loan officer submits the application to SDHC on their behalf.
- To be sure your household’s annual gross income (before taxes) does not exceed the limit for your family size, review San Diego’s Area Median Income (AMI) limitations. This comprises all adult household members’ take-home pay.
- For the appropriate jurisdiction (such as the City of San Diego, County of San Diego, etc.), review the program descriptions and regulations listed below under Forms and Documents.
- Attend a homebuyer education course with a provider that has been approved by the SDHC.
- To find a home, work with a real estate agent.