Down Payment Assistance Available Now

Chula-VistaSaving for a down payment is often the most challenging part of buying your first home. To help with that, the City of Chula Vista is offering a loan program which can provide up to $70,000 toward the down payment and/or closing costs on a home. This program can be used to lower your monthly payment or qualify for a higher purchase price. The best part? Payments are deferred for 30 years!


To qualify for this program, applicants must:

  • Be a first time home buyer (meaning you have not owned a home in the last 3 years).
  • Purchase a property within the city limits of Chula Vista.
  • Occupy the purchased property as a primary residence.
  • Purchase a single-family residence: detached, town home, or condo.
  • Qualify for a first mortgage.
  • Have a combined annual household income below 80% of the Area Median Income.

Loan Details

  • 3% simple interest.
  • Borrower must contribute a minimum of 2% of the total purchase price.
  • 30 year term with payments deferred for the life of the loan.
  • Balance of principle and interest due in full upon sale of property or at the end of 30 years.

Subject to lender approval. Other restrictions apply.

Give us a call to learn more at 1-888-983-2344!

Find Out if You Qualify

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