How it works
SDHC operates multiple DPA program variants for City of San Diego first-time buyers — the Closing Cost & Down Payment Assistance program, the 3% Interest Deferred Loan program, and periodic special initiatives funded by city or federal grant cycles. The common thread: silent deferred second mortgage, up to 17% of purchase price, layering with CalHFA and MCC.
Who it's for
City of San Diego first-time buyers at or below moderate-income (80%-120% AMI) thresholds.
Eligibility at a glance
- First-time buyer?
- Yes
- FTB definition
- Has not owned in past 3 years.
- Minimum FICO
- 640
- Income limit
- Up to 120% of San Diego-area AMI.
- Homebuyer education
- Required.
- Minimum borrower contribution
- 1% of purchase price.
Repayment terms
Silent second — deferred 30 years, 3% simple interest.
Term
30 years
Interest
3.00%
Due at
Sale, refinance, or transfer
Property rules
- Eligible property types
- Single-family residence, Condo, Townhome
- Maximum purchase price
- City of San Diego annual sales-price limit.
- Owner-occupancy required
- 30 years
Layering & first mortgage options
How to apply
Process: Apply through SDHC with lender support.
Funding cycle: Federal block grant + city allocation.
Typical timeline: 45-60 days.