Affordable Housing and First Time Home Buyers Programs

The Santa Clara County Association of REALTORS® is committed to providing housing opportunities for all. SCCAOR coordinates outreach to housing related non-profits in Santa Clara County and works with industry groups to creatively address the housing opportunity needs in Santa Clara County. Each program has its own requirements, not all of which are listed here. The definition of ``first-time'' home-buyer can vary. Many of these can be utilized simultaneously. Programs eligibility is subject to change without notice and are subject to availability of funding.

City or Agency

Program Description and web address

AmeriDream California

https://www.ameridream.org

California Housing Finance Agency

California Housing Finance Agency offers below-market interest rates on first mortgages and down-payment assistance through specific lenders. Information: http://www.calhfa.ca.gov/ or (916) 322-3991.

CAR Sponsored

"Steps to the American Dream" Financing Information
http://www.car.org/library/media/papers/pdf/Steps2000.pdf

CASA (Community Assisted Shared Appreciation Program)

CASA Hotline: 888-403-2272

CalHFA

HiCAP Loans
$25,000 dererred repayment loans
CHAP Loans
Extra Credit Teachers Home Purchase Program
Multifamily and Mortgage
Insurance Programs
http://www.calhfa.ca.gov/
916-322-3991

City of Campbell

Affordable Home Ownership Program Offers Home Ownership
Opportunities in the City of Campbell

http://www.ci.campbell.ca.us/cityservices/buildingdept/affordhouseprogram.htm

City of Cupertino

http://www.cupertinocommunityservices.org/housing.html
http://www.cupertino.org/city_government/departments_and_offices/housing/index.asp

Los Gatos

Los Gatos Below Market Program
http://www.losgatosca.gov/services/4d.html

City of Morgan Hill

http://www.morgan-hill.ca.gov/html/citysvc/comm/house.asp 

City of Mountain View

http://www.ci.mtnview.ca.us/citydepts/cd/np/housing.htm 

City of San Jose

View and Print the First Time Homebuyers' Quick Reference Guide from the 
City of San Jose - Department of Housing
http://www.sjhousing.org/downloads/6-03final.doc

City of Santa Clara

Obtain information about the City of Santa Clara's First Time Homebuyer's Financing Program
http://www.ci.santa-clara.ca.us/plan_inspection/first_time_buyer.html
Stephanie Gutowski - (408) 615-2490

Its SuperFlex program provides a first and second mortgage together. The deferred-payment, reduced-rate second lowers the amount of mortgage insurance and provides funds toward down payment or closing. Information at www.mccprogram.com, or call (408) 299-5142.

City of Sunnyvale

http://sunnyvale.ca.gov/Departments/Community+Development/Housing+Division/Affordable+Housing/

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac set guidelines for many large lenders. Buyers should ask lenders what kinds of Fannie- or Freddie-sponsored programs they offer. Information: www.fanniemae.com and http://www.freddiemac.com/corporate/buyown/english/preparing/right_for_you/index.html

Fannie Mae Location Efficient Mortgage: www.locationefficiency.com

Home buying basics information booklet
http://www.fanniemaefoundation.org/publications/pdf/CatalogOfPublications.pdf

HomeBricks

HomeBricks helps catalog below-market-rate homes for sale for moderate and low-income buyers. Information: www.homebricks.com or (510) 588-5152.

Housing clearinghouse

The Housing clearinghouse has more than 200 programs directed towards housing
needs:
http://www.hcd.ca.gov/clearinghouse/

Web site sponsored by HUD and provides information on a variety of first time home buyers programs.

Housing Trust of Santa Clara County

The Housing Trust of Santa Clara County has several housing programs. Go to www.housingtrustscc.org. It offers a loan program of as much as $6,500 to cover closing costs or a down payment for low-income buyers.

Mortgage Credit Certificate Program

Mortgage Credit Certificate Program provides a credit on federal income tax for low-income buyers. For more: www.mccprogram.com or (408) 299-5160.

Neighborhood Housing Services Silicon Valley

 Neighborhood Housing Services Silicon Valley offers no-interest second mortgages, mostly in San Jose, that require no payments in the first five years. Information: www.nhssv.org or (408) 279-2600.

Northern California Housing Coalition

www.forhousing.com sponsored by the Northern California Housing Coalition. Directory of housing assistance programs for all of Northern California.

Proposition 46 programs

California Housing and Development Department's Proposition 46 programs list:
http://www.hcd.ca.gov/ca/prop46programs.xls

Teacher Homebuyer Program

Teacher Homebuyer Program for full-time teachers in San Jose schools offers no-interest, no-payment loans. Go to www.sjhousing.org or (408) 277-8486 or (408) 277-2266.