More homebuyer info meetings set for down-payment assistance program

City of Santa Ana

Community REMINDER: CITY ANNOUNCES ADDITIONAL HOMEBUYER INFORMATIONAL MEETINGS FOR DOWN PAYMENT ASSISTANCE LOAN PROGRAM

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:

• Tuesday June 10, 2014 at 6:00 pm
• Wednesday June 25, 2014 at 11:00 am
• Wednesday July 9, 2014 at 6:00 pm
• Wednesday July 23, 2014 at 11:00 am

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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Art Pedroza Editor

Our Editor, Art Pedroza, worked at the O.C. Register and the OC Weekly and studied journalism at CSUF and UCI. He has lived in Santa Ana for over 30 years and has served on several city and county commissions. When he is not writing or editing Pedroza specializes in risk control and occupational safety. He also teaches part time at Cerritos College and CSUF. Pedroza has an MBA from Keller University.

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