Developer Loans
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Neighborhood Stabilization Program (NSP2)
Homebuyer Assistance
Housing Trust Homebuyer Loans
The Housing Trust has four low-interest, secondary mortgages from which to choose. Loans vary by income eligibility based on one's household income and size, maximum loan amount and repayment terms. These loans are frequently combined with first-time loan programs sponsored by Santa Clara County or local city housing departments. Over the last two years, 56% of all loans have been made to low-income families whose income falls below 80% of the Area Medium Income (AMI). Click on the program name in the chart below for more information about the individual programs. Only one Housing Trust Loan Program can be utilized per transaction.
To download our Preferred Loan Officer List, Click here.
To download our Underwriting Guidelines, Click here.
Homebuyer Calendar: Visit our calendar to see monthly scheduled workshops and HUD approved homebuyer education classes: Click Here.
Homebuyer Programs
| Max. Loan Amount | Loan Terms | Monthly Payments | Areas Available | First-time Buyer | |
| Purchase Assistance (PAL) | 20% of the purchase price up to $50,000 | 0% interest, 30 years | No | Eligible Areas of San Jose | No |
| Closing Cost Assistance | 3% of the purchase price up to $15,000 | 3% simple interest, 30 years | No | Santa Clara County | Yes |
| Mortgage Assistance (MAP) | 17% of the purchase price up to $85,000 | Amortizing loan, 30 year term | Yes | Santa Clara County | Yes |
| Equity Share (ESCO) | 10% of purchase price or $75,000 | Equity share at sale, refinance or 30 years | No | Eligible Cities | Yes |
Income Limits for All Programs
| Maximum Income by Household Size | ||||||||
| Household Size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Income Limit | $ 88,200 | $ 100,800 | $ 113,400 | $ 126,000 | $ 136,100 | $ 146,150 | $ 156,250 | $ 166,300 |
NOTE: The Housing Trust uses the "Part 5" definition of income found at 24 CFR 5.609. The Part 5 definition of annual income is the gross amount of income of all adult household members that is anticipated to be received during the coming 12-month period. Adults are defined as all household members 18 and over.