Closing Cost Assistance Grant for San Diego!

The San Diego Housing Commission has many great programs available for homebuyer's in San Diego.   One of these great programs is the Closing Cost Assistance Grant Program.  This is a recoverable grant  offered to help pay the homebuyer's closing costs not paid through concessions or other subsidies.

-This grant totals up to 4% of the purchase price (currently a maximum of $451,250) but does not exceed $15000. (Does not exceed $10,000 if buyer's earnings are higher then 80% or area median income.)

-The grant must be paid back, with 5% interest, if home is sold, refinanced, or not owner occupied within first 6 years.   So it is best to use this grant if you plan on staying in your home long term.  

- This grant can be used with the MCC program I recently blogged about also offered by the San Diego Housing Commission.

Continure reading article and find out how you qualify for this program!