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City Heights
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Maximum gross income:
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| Family Size: |
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| 1-$55,300 |
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5-$85,300 |
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| 2-$63,200 |
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6-$91,650 |
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| 3-$71,100 |
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7-$97,950 |
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| 4-$79,000 |
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8-$104,300 |
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| $30,000 silent second loan |
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| $50,000 no payment for first 5 years and may be repaid by volunteer work |
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| Additional $7,500 may be available for closing costs |
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| This loan may be used in conjunction with a 3% of purchase price silent 4th mortgage |
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| The MCC program is also available |
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| There is $500 minimum contribution of funds required. |
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| You must be a resident of City Heights or work as a city, county, federal or state employee within City Heights |
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| Example: Family of 4 with an annual income of $72,000 purchase a home for $350,000 |
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| Purchase Price: |
$350,000 |
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Effective monthly payment |
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P&I |
$1,556.03 |
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| HITH |
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$30,000 |
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Hazard ins. |
$55.00 |
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| PITCH |
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$50,000 |
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Taxes |
$364.58 |
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Mtg Ins |
111.81 |
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| First Mortgage |
$270,000 |
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MCC |
-185.63 |
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1901.79 |
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| Closing Costs |
$6,863.00 |
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| Prepaids |
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$2,437.67 |
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| Silent 4th |
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-$8,800.00 |
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| Funds to close |
$500.67 |
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| Additional Down Payment Assistance is available for borrower's with income less than 80% of the San Diego Area Median Income |
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| Loan Information is based on a 30 year fixed rate of 5.5% apr. 6.081% |
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| Interest rates are subject to change. |
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| Want to get pre-approved? Apply Online |
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 Affinity Financial - 10650 Treena St #103 - San Diego, CA 92131 Office Phone: (858) 693-5400 Fax: (858) 693-4050 Toll Free Phone: 866-365-6428
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