San Diego

Chula Vista launches first-time homebuyer program

The mortgage covers as much as 22% of the acquisition worth or a most mortgage of $120,000 to buy a single-family dwelling, townhome or condominium within the City of Chula Vista.

SAN DIEGO COUNTY, Calif. — Editor’s be aware: Video within the participant above was initially printed in an unrelated story on November 9, 2022.

Are you seeking to purchase a house in Chula Vista? The City of Chula Vista simply re-launched a program that helps low-income households purchase their first houses. 

Eligible households with incomes at or under 80% of San Diego County’s Area Median Income, which is at the moment $104,100 for a household of 4, could apply for a 3% curiosity, deferred-payment mortgage. 

The mortgage covers as much as 22% of the acquisition worth or a most mortgage of $120,000 to buy a single-family dwelling, townhome or condominium within the City of Chula Vista. The houses buy worth can’t exceed $570,000 for an connected dwelling or $826,500 for indifferent houses.

The City of Chula Vista’s First-Time Homebuyer Program started in 2004 and has helped many households develop into owners utilizing native, state and federal funds. 

In addition to the City of Chula Vista’s First-Time Homebuyer Program, San Diego Housing Commission (SDHC) administers the next different packages for neighboring jurisdictions:

To study extra in regards to the program, administered by San Diego Housing Commission, or the way to develop into a licensed lender, click here, or e mail [email protected]

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WATCH RELATED: San Diego dwelling costs dropping, however rising rates of interest are pricing consumers out of the market (October 2022)

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