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. ** You must not have owned a home in the last 3 years.
You will need to contribute a minimum of three percent of the purchase price, there are no payments until you refinance, sell, pay off the first or until you no longer occupy the property as your primary residence.
(LINK): https://www.sandiegocounty.gov/content/sdc/sdhcd/home-buyers-owners/payment-assistance.html
The SDHC has wonderful resources for both rental assistance and also links to rent-reduced properties throughout San Diego. Sadly, many of our first responders earn lower than the average wage for the region.
Households with lower incomes can apply to rent an affordable unit from the San Diego Housing Commission (SDHC) or the developers that partner with SDHC to create affordable rental housing in the City of San Diego.
SDHC, including its nonprofit affiliate, Housing Development Partners (HDP), owns or manages more than 4,100 affordable rental housing units — there is a searchable database to look by neighborhood and type of unit.
(LINK): https://www.sdhc.org/housing-opportunities/affordable-rentals/
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