Downpayment Assistance Program (DAP)

The Housing Trust of Santa Clara County's Downpayment Assistance Program (DAP) is one of four programs currently available from the Housing Trust to help first time homebuyers in our community. Funds are currently available.

Who it Helps

First time Homebuyers earning up to 120% AMI who have not owned a home in Santa Clara County previously, and are receiving their first mortgage from Neighborhood Housing Services Silicon Valley. As shown above, the household income for a four-member household cannot exceed $124,200; or the income for a single-member household cannot exceed $86,950.

How it Helps

The Housing Trust has established a fund at Neighborhood Housing Services Silicon Valley to provide deferred payment second loans of up to $25,000 to homebuyers financing their home with a NHSSV first mortgage. DAP is a 30-year loan compatible with Fannie Mae and CalHFA requirements. No payments are due, and no interest accrues, for the first five years of the loan. Starting in the 61st month, the loan is amortized over the remaining 25 years of the term.

To see if you qualify for the program, program guidelines, and to apply, please visit NHSSV's website here.