San Diego Housing Commission
 
Mortgage lenders

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.

Down payment/closing cost assistance grants (*funding available)

Mortgage Credit Certificates (allocation available)

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.

Questions? E-mail us at vickim@sdhc.org.
 

 

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