City of Santa Ana My First Home Program

What is City of Santa Ana My First Home Program?

City of Santa Ana My First Home Program is a deferred second loan for homebuyers in Santa Ana, California.

• Deferred loan up to $120,000 at 0% interest for first-time buyers in Santa Ana. Preference for Veterans and applicants who live or work in Santa Ana. First-come, first-served.
• Up to $120,000 in assistance.
• no monthly payments on DPA.
• Funding comes from Federal HOME / City.

How much assistance does it provide?

City of Santa Ana My First Home Program offers up to $120,000 in assistance.

• The program asks buyers to contribute 1% of purchase price (borrower minimum).
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

City of Santa Ana My First Home 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, transfer, or non-occupancy.
• The assistance is recorded in Second position.
• 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 Santa Ana My First Home Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

City of Santa Ana My First Home Program limits household income to 80% of the area median income, which varies by county and household size.

• Low income: household income ≤80% of Area Median Income (AMI).
• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• 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 Santa Ana My First Home Program caps the purchase price at $766,000.

• Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

City of Santa Ana My First Home Program serves buyers purchasing in Santa Ana, California.

How do you apply?

Applications for City of Santa Ana My First Home Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Contact provider directly; subject to funding availability, and are subject to availability.

3. 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.