$80K Down Payment Assistance To Buy First Home In Santa Ana

SANTA ANA, CA — Have you dreamed of owning your own home, but had no idea how to go about it? The City of Santa Ana is pleased to announce the availability of financing to assist Income qualified Santa Ana residents an opportunity to become first-time homeowners.

The program is funded through the City of Santa Ana Inclusionary Housing Fund and Community Development Block Grant program. The Program offers zero percent, deferred payment loans of up to $80,000 for Low Income Households and up to $40,000 for Moderate Income Households.

A Homebuyer informational meeting will be held at the City of Santa Ana Council Chambers (22 Civic Center Plaza, Santa Ana, CA) on Wednesday, June 19, at 6 p.m.

Eligibility Requirements

• Borrower(s) must be a resident of Santa Ana and/or work in Santa Ana at least 32 hours per week for at least the last 6 months.
• Borrower(s) Must be pre-qualified for a 1st mortgage
• Must be a first time homebuyer
• Make a down payment of at least 3% from own funds
• Must complete the Homebuyer Counseling Program through Neighbor Works of Orange County
• Home must be located in Santa Ana•

Total Annual Income of the household, cannot exceed the Income limits provided below: Household Size Low Income Moderate Income:

• $ 66,500 $ 82,250
• $ 76,000 $ 94,000
• $ 85,500 $ 105,750
• $ 94,950 $ 117,500
• $ 102,550 $ 126,900
• $ 110,150 $ 136,300
• $ 117,750 $ 145,700
• $ 125,350 $ 155,100

To learn more about Santa Ana’s Down Payment Assistance Loan Program, please visit Downpayment Assistance Program or call 714-667-2250.

Note: Income Limits Effective June 28, 2019

City of Santa Ana