Helping families
afford the dream of homeownership…
Join the dozens of mortgage lenders who have partnered with us to help
low to moderate income San Diego families achieve the American dream of
homeownership.
The San Diego Housing Commission offers a number of financial tools to
help first-time homebuyers afford homes in high cost San Diego. (We define
“first-time homebuyer” as someone who has not owned real estate in the
last three years.) The Housing Commission submits applications for grants to both
the Federal and State governments, and it uses Housing Trust Fund monies
for the First-Time Homebuyer programs, as well. Once all funds have been
expended, we are unable to help more families until the program is
refunded (yearly). Please check here on our website periodically for updates.
Our first-time homebuyer programs include:
Deferred second mortgages "Second
mortgage" loans up to 25% of purchase price; make no payments for 30
years in some cases. Programs include a new "Condo Conversion"
program for families living in apartments being converted to
condominiums.
These programs have helped over 3,500 San Diego households become
homeowners. By combining your first trust deed loan with our “gap”
financing, buyers are able to qualify for a higher purchase price than
they could afford otherwise.
"Chase Home Finance is focused on meeting the housing needs of families
in San Diego. Our long participation in the community lending and
assistance programs offered by the San Diego Housing Commission has
allowed us to do just that. The Shared Equity and Down Payment Assistance
programs help get San Diegans into homes when they thought homeownership
was out of their reach. Chase is proud of our affiliation with the Housing
Commission.”
- Carmen Luna, Vice President/Senior Community Development Manager
An added benefit for some banking institutions is that participating in
our programs helps meet Community Reinvestment Act requirements.
