Presently the City of Rancho Santa Margarita does not offer any form of first time home buyer assistance; however home buyers can contact mortgage lenders to inquire if they offer first time homebuyer assistance. For more information on first-time home buyer programs, click here. Are there any financial assistance programs to help me buy a home in the City of Rancho Santa Margarita? Most lending institutions have some type of program that is geared toward helping first-time home buyers. Typically these programs will require lower down payment requirements. These loans types of loans are typically insured by the Federal Housing Administration (FHA) so some additional underwriting criteria may be applicable. Contact a bank or a mortgage broker to get additional information. Keep in mind that due to recent changes in federal regulations, underwriting and financing options may be limited. Unlike larger Orange County communities, the City does not have or receive special funding that is spe