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Frequently Asked Questions
How do I repay HBA funds?
There are no repayment requirements.
How long do I have to stay in my home?
HBA has no restrictions for living in your home any specified duration. However, your loan restrictions apply.
How long does the HBA process take?
The approval process takes 72 hours.
Are there any income limitations?
No, unlike similar programs there are none.
Are there only certain homes that qualify for HBA?
No, the program is designed to promote home ownership. There are no property restrictions, other than FHA/VA and Conventional lender property requirements. The property must be a single family home, condo or townhome. Actually, our approved agents have exclusive access to more homes than non-approved HBA agents.
Are there any up front costs?
No, none.
If I cancel, do I owe any money?
No, you can cancel any time without cost to you. However, you will have to reapply to receive any benefits in the future.
How long is my HBA approval valid?
The initial approval is valid for 3 months. If it expires, you must request a renewal before it expires.
Is the HBA a Government, State, County or City entity?
No, HBA is privately funded.
I am already working with an agent and lender. Do I qualify for HBA?
Unfortunately not, unless they are approved with HBA. We have an approval process and can only distribute HBA thru our approved Brokers / Agents and Lenders. Please have your agent visit our Agent Info Page if they are interested.
San Diego Exclusive
This is the only program available to the San Diego area that provides a no-cost, no-obligation approach to closing cost assistance. We are pleased to announce funding for all of San Diego.
Free Consultation
There's no cost and no obligation associated with your consultation. We'll verify your eligibility, and help you with details.
Phone: (877)-297-1010
Email: HBA@HomeBuyerAssistanceSanDiego.com
