SDHC First-Time Homebuyer Program — Middle Income

About This Program

SDHC's Middle-Income First-Time Homebuyer Program offers a $40,000 deferred down-payment loan at 4% simple interest for households earning 80–150% AMI. Loan payments are deferred for the first 5 years, then convert to fixed monthly payments for 10 years. A $10,000 closing cost grant is also available, forgiven after 3 years of owner-occupancy. Maximum purchase price is $1,250,000.

Income 80–150% AMI; first-time buyer; must complete homebuyer education; max purchase price $1,250,000

Key Details

• Funds currently available — active program
• Income 80–150% AMI; max purchase price $1,250,000
• $40,000 deferred loan: 5-year deferral then 120-month repayment
• $10,000 closing cost grant forgiven after 3 years of owner-occupancy
• Must complete SDHC-approved homebuyer education

How to Apply

Deadline: Rolling