City of Brea First Time Home Buyer's Down Payment Assistance Programs

To view the City of Brea’s website, please CLICK HERE

Homebuyer 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.)

HOUSEHOLD SIZE	MAXIMUM ALLOWABLE GROSS INCOME (effective 2/08)
1	$70,650
2	$80,750
3	$90,850
4	$100,900
5	$109,000
6	$117,050
7	$125,150
8	$133,200

Please note that there is a waiting list for this program. If you would like to have a brochure/application mailed to you, click here to send an e-mail request. You may also call (714) 671-4482 to request the information.

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.

IMPORTANT NOTE: Although we are accepting applications, we do not currently have any funds available for the Homebuyer Assistance Program. We are, however, working on an inclusionary housing project that will include newly-constructed affordable condominums.