Brea, CA - Homebuyer Assistance Program

The city of Brea has several housing program designed to help people with low to moderate incomes. These programs will assist you with purchasing a home, renting a home, or rehabilitation of your current home.

Homebuyers Assistance Program

This program provides up to $225,000 in financial assistance to qualified applicants to purchase a home in Brea.  The Agency no-interest loan is recorded as a second mortgage on the property with no payments for the first five years and principal only payments in years six through thirty.  If the home is sold, the Agency receives a portion of the equity in place of interest.  To participate, applicants must be able to pay at least three percent of the purchase price toward the down payment and related closing costs - a minimum of $10,000.  Additionally, the applicant's income must fall within maximum annual income guidelines.

Current income limits are listed in the chart below.  (NOTE: You must include the income of all persons in the household who are 18 years of age or older.)

Coming in May 2011- Stone Valley Townhomes (click for flyer) 

 A 22-unit for-sale townhome project will soon be completed at 124 N. Orange Avenue, just a few steps away from the popular Brea Downtown.  All of the units will be sold through Brea's Homebuyer Assistance Program, so it's important to get your name on the waiting list if you are interested in one of these townhomes.  Please note that if you apply for Brea's Homebuyer Assistance Program, your name will be placed on the waiting list for all current and future for-sale opportunities in Brea.

From time to time, the City is able to offer homes for sale at a below-market price (inclusionary units).  Please note that completing and returning the application for the Homebuyer Assistance Program will also place your name on the waiting list for any inclusionary units which become available in the future. There is no separate application for these units.

To apply for any City of Brea Housing Assitance program - you must fill out this application.

There is currently a wait list - so don't wait to apply.