First-time home buyer? You could get up to 6 months of HOA fees covered!

To purchase a home with HOA fees, or to not purchase a home with HOA fees? That is often the question for first-time homeowners in San Diego. While houses within home owner associations (HOAs) can often come with perks, it does mean paying an additional fee on top of your mortgage.

If the thought of HOA fees turns you away from potential homes, there is good news. The California Association of REALTORS® (C.A.R.) just announced its new Housing Affordability Fund’s Homeowners Association Grant Program. For qualified, first-time home buyers in California, the program will provide up to 6 months of HOA fees, not to exceed $2,500.


Initiated in December 2016, the grant program has one million dollars to allocate on a first-come, first-served basis until the funds are exhausted.


Per car.org, below are the qualifications as an Eligible Grant Recipient under the Program:

  • Homebuyers must use a California REALTOR® in the transaction

  • Purchase a primary single family residence in California with the intent to occupy the property as your primary residence

  • Be a first-time homebuyer

  • Buy a home with applicable HOA dues/fees

  • The purchase price of the Single Family Dwelling must not exceed 150% of the mortgage limit set by the FHA for one-family units in the county in which the Single Family Dwelling is located. See https://entp.hud.gov/idapp/html/hicostlook.cfm for mortgage limit

  • You must have used financing to purchase the Single Family Dwelling and must not have paid all-cash for the purchase

  • You must apply within 30 days after the close of escrow

See frequently asked questions here.


If this program could benefit your first-time home buying experience in Carlsbad, San Diego, Temecula or another California location, you can contact Michael Biondo to learn more.

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