Down Payment and Closing Cost
Low-income, first-time homebuyers may qualify for a low-interest, deferred payment loan of up to 17% of the purchase price for down payment assistance and 4%, up to $10,000 in closing costs assistance.
For more detailed financial information about the program, please see DCCA/Cal Home Program Overview.
- The loan funds must be used to pay a down payment and closing costs on the purchase.
- The home you buy must be your primary residence.
- The purchase price may not exceed $383,800 for an attached townhome or a condominium and $517,750 for a single-family residence, subject to periodic adjustments.
- Qualified buyers’ family income must not exceed 80 percent of the San Diego County Area Median Income, also called the AMI.
- You will need to contribute a minimum of three percent of the purchase price.
- You must not have owned a home in the last three years.
- There are no payments on the loan until you refinance, sell, pay off the first mortgage, or no longer occupy the property as your primary residence.
- Your loan repayment will be made in one payment that equals the original principal loan amount plus any accrued interest.
- You should talk to a lender (see participating lender list) about your ability to qualify for a mortgage.
- Before you can use this program, you will need to complete an educational class provided by one of these organizations: CalHome/ HUD-approved Homebuyer Education Providers.
- You may be able to use this program to buy a new or resale single-family home, condominium, townhome or a manufactured home on a permanent foundation.
- The home you purchase must be in an unincorporated area of San Diego County or in the city of Carlsbad, Coronado, Del Mar, Encinitas, Imperial Beach, La Mesa, Lemon Grove, Poway, San Marcos, Santee, Solana Beach or Vista. For all other cities, please contact the appropriate agency for more information.
- Before your loan can be approved, your new house will be inspected to ensure required standards are met. Please see Before the Inspection.
How to Apply
- The County of San Diego has partnered with the San Diego Housing Commission (SDHC) to administer the Downpayment and Closing Cost Assistance (DCCA) Program.
- To participate, you must contact one of the mortgage lenders pre-approved by SDHC. Please choose your lender from this participating lender list.
- To become a participating lender, please see SDHC Lenders site.
For more information, please contact:
Carrie Tapia with the San Diego Housing Commission - email
Mortgage Credit Certificate / Tax Help for Home Buyers
- We partner with the California Housing Finance Agency (CalHFA) to ensure all qualified Californians have access to a Mortgage Credit Certificate (MCC) program.
- The MCC Tax Credit is a federal tax credit that may reduce the cost of your federal income tax.
- This creates additional net spendable income for you, which you may use toward your monthly mortgage payment.
- The MCC Tax Credit program may enable you, as a first-time homebuyer, to convert a portion of your annual mortgage interest into a direct dollar-for-dollar tax credit on your personal U.S. income tax returns.
- Learn more: CalHFA.ca.gov