$2 Million in Funds Available for First-Time Homebuyers in San Diego County

First-time homebuyers in San Diego County have five more months to reap the benefits of a low-income down payment assistance program. Through the end of June, San Diego’s Down Payment and Closing Cost Assistance Program (DCCA) will have around $2 million in available funds, KPBS reports.

To be eligible, applicants must have an income that is 80% or less of the San Diego County Area Median Income.

Recipients will receive a low-interest, deferred payment loan of up to 22% of the purchase price for down payment assistance and 4% (up to $10,000) in closing costs assistance.

The home’s purchase price cannot exceed $676,000. It must be the recipients’ primary residence. The home must be located in unincorporated San Diego County or in the cities of Carlsbad, Coronado, Del Mar, Encinitas, Imperial Beach, La Mesa, Lemon Grove, Poway, San Marcos, Santee, Solana Beach or Vista. 

Read more about DCCA and how to apply here