Homebuyer Programs Supplemental Information

Information by State  Print version

U.S. Department of Housing and Urban Development
750 B Street, Suite 1600
San Diego, CA 92101
(619) 557-5305

This information guide on Single Family & First Time Homebuyer Programs was designed for potential homebuyers in the San Diego and Imperial County areas.

HUD/FHA Section 203(b) Mortgage Insurance Program

Section 203(b), for loans made by FHA approved lenders, are specially designed for the average homebuyer, offering a low down payment with a basic fixed rate. For specific information on purchasing a home using FHA Mortgage Insurance, you should contact a realtor or mortgage banker of your choice.

The loan limits in the jurisdiction of the San Diego Office are: (3/6/08)

Centre City Development Corp. (CCDC)
San Diego Redevelopment areas
(619) 235-2200

County of San Diego
First Time Homebuyer Assistance
Bonnie Petrach
(858) 694-8709

For Cities not listed, as well as other areas of San Diego County,
you may visit this website or contact:
Affordable Housing Applications, Inc., 4579 Maple Avenue, Suite 1,
Suite 10, San Diego, CA 92123, (619) 469-2002
Web Site: www.ahahousing.com

Regarding the Imperial Valley areas, inquiries on First Time Homebuyer Programs may be directed to the following:

The following list includes many of the loan programs available to residents of San Diego and Imperial Counties. You should check with local lenders about the loan packages that may interest you and for which you may qualify.

VA (Veterans Affairs): Insured by the Veterans Affairs Department of the federal government. VA loans are available through lending institutions; however, only eligible military veterans may apply. For more information, call (619) 641-5840.

CAL-VET: Only those veterans purchasing property in California and who were released honorably from active duty, having served at least 90 consecutive days during periods of war, are eligible for these loans. For more information, call (866) 653-2504.

FHA (Federal Housing Administration): Administered through the federal Housing and Urban Development (HUD) department, these loans are available from approved lenders. For more information, view the HUD website at www.hud.gov or contact a lender of your choice.

CHFA (California Housing Finance Agency): These loans are available through many of the established mortgage banking firms for first-time homebuyers. Interested parties should call (800) 789-2432 or visit the CHFA website for the most current loan information.

FANNIE MAE (Federal National Mortgage Association): The Community Home Buyers Program (CHBP) is a mortgage program that was created by Fannie Mae in partnership with mortgage lenders and mortgage insurance companies. These companies work closely with state and local governments, as well as community groups, to provide affordable homeownership opportunities. Please call (800) 732-6643.

HUD is Online

The U.S. Department of Housing and Urban Development has one of the most widely recognized and award winning web sites within the Federal Government. This site is a place where citizens, local governments, community organizations and elected officials can access information on all HUD programs, grants and services. In addition, local information is available about HUD homes and local investment and expenditures of HUD dollars in the San Diego jurisdiction.

Additionally, HUD Home sales in San Diego and Imperial Counties are administered by a marketing and management contractor called: PEMCO, LTD. Their website is located at www.hudpemco.com.

This site will give you a complete guide and description of the home buying process including broker information, updated property listings, the bidding process and details of various single-family homebuyer programs such as Officer and Teacher Next Door.

PEMCO can also be reached at:

PEMCO, LTD. dba REO PEMCO. LTD.
1600 Sacramento Inn Way, Suite 210
Sacramento, California 95815
Tel (916) 927-7313
Fax (916) 927-7454
Toll Free: (877) 927-7313
Email