first time home buyer programs san diego & California

Buying a Home in California for the First Time? We’ve Got You Covered!

Buying your first home can be exciting and overwhelming all at the same time – which is why we have a variety of tools and resources to help you through the experience. Whether you’re just starting to save or already have a house in mind, we can help you the keys to your first home.

Our Commitment to Excellence & Convenience Begins With You

Let Us Help You Make Your First Home More Affordable

When looking for assistance as a first-time home buyer in San Diego & throughout California, C2 Financial Corp is ready to help you find an exceptional mortgage program that meets your needs without being a financial burden. Depending on income, you may be eligible for first-time homebuyer programs in San Diego that offer down payment and closing cost assistance to further ease the hardships of buying your dream home.

What you need to know

Loan Types for First Time Home Buyers in San Diego California

house, project, grass

These mortgages are best known for their low-down payments (as low as 5%) and limited mortgage insurance premiums. These home loans aren’t guaranteed/insured by the government. They give you the liberty to cancel your mortgage insurance – or avoid the same altogether! Learn more about conventional mortgages in California.

veteran, american, independence

VA loans are well known for their low down-payments and for facilitating those in the military. These loans are backed by the U.S. Department of Veterans Affairs and are very generous to those eligible. They offer competitive interest rates and may not require any down payment or insurance. Learn more about VA loans in California.

Mortgage Calculator

First time home buyers in San Diego with low credit scores often prefer FHA loans because of their low credit score (as low as 500) and down-payment (as low as 3.5%) requirements. However, these loans require you to buy a non-cancellable mortgage insurance. Learn more about FHA loans in California.


USDA Loans

This is a zero-down payment mortgage that is specific to rural and suburban home buyers. This loan is backed by the U.S. Department of Agriculture. The requirements for this first time home buyer program vary from region to region.There are other limitations as well, such as income, credit scores, and more. Contact us to learn more about USDA loans today.

Financial Assistance for Homebuyers in California

First Time Home Buyer Programs in San Diego & California – Eligibility Criteria

Property must be in California

Borrower must be a first time borrower

Property must be the primary residence*

Minimum credit score of 600

Approved home buyer education course

Leaseholds and land trusts aren’t permitted*

Property must be less than 24,200 yards

Additional program-specific requirements

*unless sold or refinanced
First-Time Home Buyer Programs in California

Types of First Time Home Buyer Programs in San Diego & California

MyHome Assistance Program

MyHome Assistance Program is a nonprofit organization that helps California families find affordable housing. They help with any aspect of the process, from finding available homes to negotiating contracts and setting up utilities. It’s all about helping those in need get back on their feet. Learn more about MyHome Programs here.

CalHFA Zero Interest Programs (ZIP)

The CalHFA 0% interest first time home buyer program in California is best known for assisting people with associated closing costs. Home buyers can apply for this program in conjunction with CalPLUS Conventional and CalPLUS FHA loans. The loan offers up to 3% of the total loan amount and the repayment is deferred until you sell, refinance, transfer the title, or default the loan. Learn more about the different CalPLUS programs here.

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San Diego,
CA 92101
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