This event is hosted by Housing Trust Silicon Valley as part of Affordable Housing Month 2021.
City of San José Councilmember Magdalena Carrasco is proud to host a homeownership webinar with Housing Trust Silicon Valley about the Empower Homebuyers SCC down payment assistance loan program! Join us and learn how this County program can help you buy your first home. All are welcome. Register Today!
Empower is a loan to help first-time homebuyers with up to 17% of the purchase price of a single family home, condo, or townhome in Santa Clara County. The maximum loan amount is $136,000 on a home that is $800,000. With only a 3% down payment required from the buyer, a 20% down payment on the home is possible. As a 30-year deferred loan, no monthly loan payments are required.
This program is made for those with low to moderate incomes in the Bay Area. For example, with a household of four people, if your combined income is $169,900 or less, you may be eligible. If you want to buy a home just for yourself and make $118,950 or less, you could also qualify.
For more information about Income Limits and Program Requirements, please visit https://housingtrustsv.org/empower.