There are several programs available to individuals seeking to purchase a principle residence.  If you have not had a mortgage on a home during the past 3 years you are very likely classified as a "First Time Home Buyer," but some programs are also available for individuals seeking to purchase their next home.  This is just a small sample of links to available home buyer programs and down payment assistance programs (there are over 200 in CA!) available to individuals who wish to purchase homes in Alameda County or Santa Clara County.  There are programs based on income, profession, residency, location of employment, veteran status, and first time home buyer programs.   I would love to help you discover all of the options available to you, then help you find your next home!  Sellers, some programs can also give you an edge in assisting buyers in purchasing your homes! Contact me if you would like to know which programs may work for you, how to use them, or if you would like to be referred to a loan officer familiar in "layering" these loan programs so that you can become pre-approved for your financing (important to do prior to looking at homes).  

The programs are often based on fund availability and do change often.
(2/1/2012 UPDATE - As a result of Gov. Brown's efforts to close down the city Redevelopment Departments, many City programs are not currently available.  

Contact me for more information about available programs.)

California Home Buyer Programs & Useful Links:
General Loan Application Form
This is the form used by most lenders when applying for a loan

Download 1003  Fannie Mae form  
8 Hour Homebuyer Education Certification: Most home
buyer programs require that an 8 hour home buyer class be completed prior
to funding.  Please note that some programs do NOT accept online training
certificates. Here i
s a local HUD certified training source, accepted my many
of the homebuyer programs (check with lender to verify lender
Project Sentinel
!!!CalHFA Moderate Income Limits!!!
These limits vary by county and are used as the maximum allowed
income limits by the majority of the home buyer programs in California
CalHFA First Time Home Buyer Programs
Special Loans for First Time Home Buyers and/or Veterans purchasing
homes in California (includes
CHDAP Down Payment Assistance Program
and Closing Cost assistance). Additional special programs for Teachers
purchasing newly constructed homes.
CalPERS Home Loan Programs - not currently available
Loan programs for individuals who have a CalPERS retirement account
CalSTRS Home Loan Programs- not currently available
Loans for home buyers who have a CalSTRS retirement account
CalVET Home Loan Programs
Home loans and Home Buyer Programs especially for veterans
purchasing homes in California
NHF CHF Platinum Program Grant  
3% Grant that can be used for closing costs or to assist with down
payment when using an FHA, VA, or USDA first loan to purchase a primary
residence in CA.
Fannie Mae loan products

Homepath & Homepath Renovation Loan Programs (for Fannie Mae
REO's), and My Community Home Mortgage
FHA 203K Renovation Purchase Loan - a loan that allows
the borrower to finance purchase and renovation costs into one loan. 3.5%
min borrower fund requirement.
HUD Good Neighbor Next Door Program
Provides law enforcement officers, firefighters, emergency medical
technicians and teachers an opportunity to purchase homes in
revitalization areas with a substantial incentive in the form of a fifty
percent discount off the list price of eligible properties (note that is
forgiven after a few years of owner occupancy).  Real Estate Agent
must work for a HUD registered brokerage in order to submit offers
(My office is HUD registered!).
PenFed $5K Military Grant
Provides 3 to 1funds matched to borrower's own contribution, at least 3%
of purchase price, maximum of $5k.  Criteria for loan qualification include
U.S. Military (active duty, Reserve, National Guard, or Veteran) or
Department of Defense or Department of Homeland Security employee, first
time home buyer (not owned in last 3 years or home lost in Divorce or
disaster), and income criteria.
USDA Home Loan Programs
Low or zero down payment loans for use in purchasing homes in rural
USDA Information for homebuyers

USDA Income and  Property Eligibility Lookup
3% Down Payment programs (Non-FHA)
Bank of America- "Affordable Loan Solution" - 3% down, up to $417k, min
FICO score = 660, no PMI, home buyer class required

Wells Fargo - "Your First Mortgage" - 3% down, up to $417k, min FICO
score = 620, has PMI, but higher debt may be allowed. Rate discount if
home buyer class taken.

Chase DreaMaker Mortgage(AKA -Standard Agency 97%) - up to
$417k loan, 3% down with FICO score 680 or greater, has PMI, at least one
purchaser must be a 1st time home buyer

Citibank "HomeRun" - 3% down, up to $5k in lender closing cost
assistance (some income limits apply)
. Loans up to $417k, but also up to
$636k in some areas. 1-2 unit homes, condo, co-op, and PUD's eligible.
Veterans AND Family members
Navy Federal Credit Union -  100% financing for Veterans & Family members - NOT a VA loan, Family members also eligible!: Eligibility requirements to join credit union

Veterans United - VA loan specialist with low closing costs
1% Down, 3% Instant Equity loan -

Quicken Loans- min 680 FICO, up to $417k loan.  Buyer makes 1% down
payment , lender provides a 2% matching GRANT (not a loan).

Guaranteed Rate - min 680 FICO, up to $417k loan.  Buyer makes 1%
down payment , lender provides a 2% matching GRANT (not a loan).


Santa Clara County Home Buyer Programs & Down Payment Assistance:
County of Santa Clara County - Office of
Affordable Housing
2310 No. First Street, # 100
San Jose, CA 95131
Phone: (408) 441-4323

Santa Clara County First Time Home Buyer Programs & Down
Payment Assistance:
Santa Clara County MCC Program Program gives first-time home buyers
a federal income tax credit of up to 15% of the interest paid on their 1st
mortgage loan each year the home-buyer keeps the same mortgage loan
and lives in the same property as their primary residence.
Housing Trust of Silicon Valley
95 S. Market St., Suite 610
San Jose, CA 95113
Phone: (408) 436-3450  

Down Payment Assistance Home buyer programs for 1st time home
buyers purchasing homes in
Santa Clara County:
Gap Assistance Program (GAP)  - 20% down payment assistance (up to
$57k) Min FICO 620.  Buyer must have 3% down, 1.5% of own funds.

Below Market Purchase Program (City of Santa Clara)
  City of Cupertino
see web link for contact info

Cupertino Home Buyer Programs
Gilroy City Hall
7351 Rosanna Street
Gilroy, CA 95020
Tel. (408) 846-0400
Fax. (408) 846-0500
City Hall Office Hours:
Monday-Thursday 8:00 a.m. to 5:00 p.m.

Town of Los Gatos
Community Development Department
Phone (408) 354-6874

Los Gatos First Time Home Buyer Programs
Check city site regularly for BMR (below market rate) unit availability at:
Housing Authority of the County of Santa Clara
City of Morgan Hill
17575 Peak Avenue
Morgan Hill, CA  95037
Tel: (408) 778-6480

Morgan Hill First Time Home Buyer Programs:

BMR units
City of Mountain View

Mountain View Home Buyer Programs:
BMR units

Mountain View City Employee Home Buyer Program
City of San Jose - Department of Housing
200 East Santa Clara Street
San José, CA 95113
Phone:(408) 535-3860

San Jose First Time Home Buyer Programs & Down Payment
Assistance San Jose Home buyer
programs for first time home buyers purchasing i
n "Skyline" or "Tierra
Encantada Townhomes" communities

1500 Civic Center Drive
Santa Clara, CA 95050
Phone: (408) 615-2490

Santa Clara First TIme Home Buyer Program / Down Payment


Alameda County Home Buyer Programs & Down Payment Assistance:
Alameda County
Housing and Community Development
224 W. Winton Avenue, Room 108
Hayward, CA 94544
MCC Hotline: (510) 670 – 5246

Alameda County First Time Home Buyer Programs:

MCC (Mortgage Credit Certificate)

NSP rehab homes
Homes that have been purchased and remodeled/rehabbed in Alameda
County utilizing NSP funds. -
Program details - Search Available NSP Homes
950 W. Mall Square, Suite 215
Alameda, CA 94501
Tel: (510) 749 – 5813

City of Alameda First Time Home Buyer Programs:
City of Albany
1000 San Pablo Avenue
Albany, CA 94706
Tel: (510) 528 - 5760
City of Berkeley
2180 Milvia Street
Berkeley, CA 94704 Tel: (510) 981-5400
City of Dublin
100 Civic Plaza
Dublin, CA 94568
Tel: (925) 833 – 6620

Dublin First Time Home Buyer Program / Down Payment
City of Emeryville
1333 Park Avenue
Emeryville, CA 94608
Tel: (510) 596 – 4316

Home Buyer Programs
City of Fremont
3300 Capitol Avenue, Bldg. B
Fremont, CA 94537
Tel: (510) 494 – 4506

Fremont First Time Home Buyer Programs / Equity Share:
City of Hayward
777 B Street
Hayward, CA 94541
Tel: (510) 583 - 4000

Home Buyer Programs
City of Livermore
1052 S. Livermore Avenue
Livermore, CA 94550
Tel: (925) 449 - 7340

Home Buyer Programs
City of Newark
37101 Newark Blvd.
Newark, CA 94560 Tel: (510) 793 - 1400
City of Oakland
250 Frank H. Ogawa Plaza, Suite 5313
Oakland, CA 94612
Tel: (510) 238 - 3015

Home Buyer Programs
City of Pleasanton
200 Old Bernal Avenue
Pleasanton, CA 94566
Tel: (925) 931 - 5011

Home Buyer Programs
City of San Leandro
835 E. 14th Street
San Leandro, CA 94577-3767
Tel: (510) 577-6004.

Home Buyer Programs
City of Tracy
333 Civic Center Plaza
Tracy, California, 95376
Tel: (209) 831-6000

Tracy First Time Home Buyer Programs

Program Brochure