Downpayment Assistance Loan Program

The City is offering down payment assistance loans to first-time homebuyers to provide assistance in the purchase of a home within the City of Santa Ana. Funds will be made available on a first-come, first-served basis. A first-time homebuyer may be eligible to borrow up to $40,000 with 0% interest rate.

Program Flyers:English Spanish

Application

Eligibility:

  • Must be pre-qualified for a 1st Mortgage
  • Must be a first time homebuyer,  or have not owned property in the last 3 years
  • 3% Down Payment of own funds
  • Must complete the Homebuyer Counseling program
  • Home must be located in the City of Santa Ana
  • Home cannot exceed this purchase price:
    • $499,000 for existing home/condo; or
    • $499,000 for new home/condo
  • Household annual income must be at or below 80% of area median income (AMI), as published by the U.S. Department of Housing and Urban Development (HUD)
  • Acceptable Credit History

Terms:

  • 0% Interest rate
  • Owner-Occupied for life of loan