Fri. Jun 21st, 2024

City of Santa Ana

Advisory: Down Payment Assistance Loans Available

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’s 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 Thursday, December 13, 2018, 6:00 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.
• In addition, 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 NeighborWorks 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

1 $ 61,250 $ 77,900
2 $ 70,000 $ 89,000
3 $ 78,750 $ 100,150
4 $ 87,450 $ 111,250
5 $ 94,450 $ 120,150
6 $ 101,450 $ 129,050
7 $ 108,450 $ 137,950
8 $ 115,450 $ 146,850

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

By Editor

The New Santa Ana blog has been covering news, events and politics in Santa Ana since 2009.

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