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City of Lompoc Homebuyer Assistance Program

Lompoc, California

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Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is City of Lompoc Homebuyer Assistance Program?

City of Lompoc Homebuyer Assistance Program is a deferred second loan for homebuyers in Lompoc, California.

  • Lompoc Housing Trust Fund program. Loan repayment in 30 years or upon resale/refinance. No prepayment penalties.
  • Up to $65,000 deferred down-payment loan PLUS up to $7,500 closing-cost grant for first-time homebuyers within Lompoc city limits.
  • Funding comes from City of Lompoc Housing Trust Fund.

Do you have to pay it back?

City of Lompoc Homebuyer Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by sale, refinance, or end of 30-year term.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Lompoc Homebuyer Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD-approved
  • Sourced via Homebuyer Wallet (CA260113). Must be first-time, low- to moderate-income homebuyer (up to 120% area moderate income). Property must be owner-occupied SFR within Lompoc city limits, on permanent foundation, with individual deed.

The program excludes

  • Households above 120% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

City of Lompoc Homebuyer Assistance Program limits household income to 120% of the area median income, which varies by county and household size.

  • Up to 120% of area moderate income (Santa Barbara County).
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of Lompoc Homebuyer Assistance Program can be used for Single-family.

Where does it apply?

City of Lompoc Homebuyer Assistance Program serves buyers purchasing in Lompoc, California.

How do you apply?

Applications for City of Lompoc Homebuyer Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Required - HUD-approved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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City of Lompoc Homebuyer Assistance Program, explained

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