The Housing Trust of Santa Clara County offers two programs designed to help qualified first-time homebuyers in our community. 

DOWNPAYMENT ASSISTANCE PROGRAM

WHO IT HELPS: First-time homebuyers earning between 60% - 100% AMI who have not owned a home in Santa Clara County in the last 3 years. Other qualifications may apply.

HOW IT HELPS: The Housing Trust has established a fund at Neighborhood Housing Services Silicon Valley to provide fixed, below-market rate secondary financing that may be used as a down-payment for first-time homebuyers. Qualified first-time homebuyers may borrow up to $15,000 from the Housing Trust of Santa Clara County when they finance their home through NHSSV. The loan, compatible with Fannie Mae and CalHFA requirements, will be interest bearing and will be performing from the outset.

To see if you qualify for assistance from this program, click here.

MORTGAGE ASSISTANCE PROGRAM

WHO IT HELPS: First-time homebuyers earning between 100% - 120% AMI who have not owned a home in Santa Clara County in the last 3 years and who meet certain other qualifications.

HOW IT HELPS: Working with Meriwest Mortgage, a wholly owned subsidiary of the not-for-profit Meriwest Credit Union, your Housing Trust has created an entirely new loan package that helps qualified moderate-income families buy their first home in Santa Clara County. In conjunction with a Meriwest Mortgage first home loan, the Housing Trust offers a below-market rate second loan that will be used to reduce the first loan’s interest rate and prepay the private mortgage insurance. Meriwest Mortgage will supply a new first mortgage up to 97% Loan to Value. The loan products that will be available for this special program are: a 30 year fixed rate, a 5/1 adjustable rate mortgage (ARM) 30 year loan fully amortizing, and 5/1 ARM adjustable 40 year loan fully amortizing. In combination, these loans will help reduce the monthly payment to the homeowner.

To see if you qualify for assistance from this program, click here.

Questions for either program can be sent to:  Homebuyer@htscc.org