Join Councilmember Thai Phan & VIETLA for a Free Community Workshop on City of Santa Ana’s My First Home Program

Eligibility

• Borrower(s) must be a first time home buyer (a person with no ownership interest in, or who has not held ‘title’ to a principal residence during the three-year period preceding the purchase of the property).
• Complete a minimum of eight (8) hours of in-person home ownership training offered by a counseling center approved by the U.S. Department of Housing and Urban Development (HUD).
• Must have at least three percent (3%) of the purchase price for a down payment from seasoned funds (at least 90 days seasoned). Three most-recent bank statements are required to verify seasoned funds. Seasoned funds cannot be from gift funds. Gift funds may contribute towards the purchase; gift funds may not exceed 3% of purchase price.
• Must be pre-qualified for a 1st Mortgage and have a positive credit history and obtain a fixed-rate first mortgage. Co-signers and variable rate loans are not allowed.
• Total Annual Income of the household, meaning all persons residing in the home as their principal place of residence, cannot exceed the income limits established below: