SANTA ANA, CA (March 27, 2014) - Are you looking to purchase your own home in the City of Santa Ana? If you are first-time homebuyer or have not owned property in the last 3 years, you may be eligible for a down payment assistance loan up to $40,000.
The minimum down payment assistance requirements are:
- Must be pre-qualified for a 1st Mortgage
- Must be a first time homebuyer
- 3% down payment of own funds
- Must complete the Homebuyer Counseling program
- Home must be located in Santa Ana
- Borrowers must have acceptable credit history
- Meet income requirements
Household Size/ Max Income
1 Person/ $ 51,250
2 Persons/ $ 58,600
3 Persons/ $ 65,900
4 Persons/ $ 73,200
5 Persons/ $ 79,100
6 Persons/ $ 84,950
7 Persons/ $ 90,800
8 Persons/ $ 96,650
For more information, Homebuyer Informational Meetings will be held at the City of Santa Ana Council Chambers on the following days:
• Wednesday April 9th at 11am
• Thursday May 1st at 6pm
• Wednesday May 21st at 11am
Spanish Translation will be available at the Homebuyer Informational Meetings.
Applications are now available.
Please Contact: City of Santa Ana Housing and Neighborhood Development Division at (714) 667-2250 or visit www.ci.santa-ana.ca.us/cda/HousingDevelopment.asp to receive an application.
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