PENDING- NO MORE APPLICATIONS TO BE ACCEPTED**Deed Restricted Unit** Buyer must meet income and qualifications guidelines. BUYERS MUST HAVE THEIR OWN AGENT. BUYER'S AGENT TO CONTACT SELLER'S AGENT. DO NOT CONTACT SAN DIEGO HOUSING COMMISION PLEASE. 2-Bedroom/2-Bathroom upstairs unit in the Affordable For-Sale Housing Community of Bella Rosa. Unit has an open layout with lots of natural light. In-unit laundry, 1-Car attached garage and 1 additional assigned parking space. Bella Rosa has solar (paid off) electric power and solar water heating. Low HOA.
Interested buyers must submit a completed Pre-Qualification Packet (attachment for the pre-qualification packet) and all applicable documents outlined on page 1 of the packet to the listing agent. These are the key eligibility: 1)Since this is a 2 bedroom unit, the household must have 2-4 people. 2) The total gross household income must be under the 70% AMI income limits as adjusted by household size. This includes the income of all adult household members even if they will not be a mortgagor. (see attached) 3) The buyers must have LIVED and WORKED in San Diego County for a minimum of the last 2 consecutive years. If the buyer is not employed, they must have lived in San Diego and have another permanent source of income. 4) They must have sufficient assets to put the minimum required 3% down payment plus enough to cover their closing costs. 5) The total household liquid assets cannot exceed 70% of AMI as adjusted by household size. (see attached) 6) The buyer must be a first time homebuyer meaning they cannot have owned a home in the last 3 years. 7) Debt to income ratio not to exceed 45%. 8) They must occupy the property as their primary residence.