Homebuyer Programs

Oceanside Homeownership Opportunity - Application window has closed.

The City of Oceanside has implemented a pilot moderate-income homeownership program. This will enable participants to borrow up to $120,000 or 20% of the sales price. Purchase price limits for a single-family home are $600,000 and $450,000 for a condominium, town home, or duplex. At the conclusion of the pilot program, staff will provide City Council with program results and recommendations in Spring, 2022.

Who Can Receive Down Payment Assistance?

At a minimum, qualified applicants must meet the following:

  • Renting an apartment/home in Oceanside and/or be employed by an Oceanside business for two years
  • Be a first-time homebuyer
  • Have sufficient assets to contribute at least 1% and a maximum of 20% to the home acquisition price
  • Current household income between the Area Median Income Range (see below)


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Application period was from August 9, 2021 - August 31, 2021.


For more information on the Oceanside Moderate-Income Homeownership Program, see a more detailed Program Description, the Program Manual, and a Timeline for the program.

Cal Home First-Time Homebuyer Program 2020

Mortgage Credit Certificate Program

The Mortgage Credit Certificate Program, authorized by Congress in the Deficit Reduction Act of 1984, is an alternative to mortgage revenue bond-backed financing as a means of providing financial assistance for the purchase of single-family housing. In 1985, the State adopted legislation authorizing local bond-issuing agencies to make Mortgage Credit Certificates (MCCs) available in California. This program is designed primarily to benefit first-time homebuyers of new or existing housing units throughout the City of Oceanside.

The Mortgage Credit Certificate operates as an IRS tax credit. With a Mortgage Credit Certificate, the qualified buyer becomes eligible to take a federal tax credit of twenty percent (20%) of the annual interest paid on the mortgage. This credit reduces the federal income taxes of the buyer, resulting in an increase in the buyer's net earnings. Increased buyer income results in increased buyer capacity to qualify for the mortgage loan.

The City of Oceanside Mortgage Credit Certificate Program is available in conjunction with our CalHome First-Time Homebuyer Program and applicants must meet the requirements for that program to be eligible to apply.  

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