City Second Loan Program

Information for buyers

The basics

City Second Fund Balance


As of  

  1. The City Second Loan Program provides a downpayment loan
    • The loan can be up to $375,000, but depends on fund availability
  2. You use the loan to bid from a collection of properties
    • The properties are also available on the open market
  3. You can re-sell the unit at market prices

City Second program details for lenders & realtors »

Am I eligible for City Second?

In addition to our homebuyer program requirements, there are eligibility requirements in:

  1. Maximum income
    • Your household income does not exceed 120% of the Area Median Income (AMI) in 2018
    Household Size 120% AMI
    1 person $99,500
    2 people $113,650
    4 people $142,100

    Download the entire maximum income chart for 2018

  2. Minimum savings
    • You must have enough with your own savings, mortgage loan, and City Second Loan to afford a home at San Francisco market rate prices

Why apply for City Second?

  1. No lottery, unlike the Downpayment Assistance Loan Program (DALP)
    • The application is first-come, first-serve
  2. When you own a City Second property, you can sell it at market-rate prices

View listings and apply

After you apply

  1. MOHCD looks over your pre-approval application
    • We look over pre-approval applications in the order we receive them
  2. If we approve you, you’ll take our approval letter to your realtor
  3. Your realtor submits a purchase offer to the seller
  4. If the seller accepts your purchase offer, the purchase offer is signed
    • It then becomes a ratified purchase agreement
  5. You take the ratified purchase agreement to your lender
  6. Your lender will work with MOHCD on the loan details