All are welcome. This webinar will be presented entirely in Spanish.
Many renters in the Bay Area think it would never be possible to come up with a down payment to buy a home. With a down payment assistance loan through Empower Homebuyers SCC – a program funded through Santa Clara County’s Measure A – homeownership is possible.
Empower is a down payment assistance 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 $187,000 on a home that is $1,100,000. 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 $181,550 or less, you may be eligible. If you want to buy a home just for yourself and make $127,100 or less, you could also qualify.
Learn more at HousingTrustSV.org/Empower, call 408-703-3837 ext. 301 or email EmpowerHomebuyersSCC@housingtrustsv.org.