If you are thinking La Jolla, 1st time homeowner might not work. But there are more than enough areas where this limit is more than enough.

2008 HOMEOWNERSHIP PROGRAM INCOME LIMITS ATTACHMENT A

SAN DIEGO
EXISTING RESALE NEW CONSTRUCTION
1or2 Person 3+ 1or2 Persons 3+
Moderate Income$ 94,800 $ 110,600 $ 94,800 $110,600
Low Income $ 56,880 $ 65,412 $ 66,360 $ 76,314