Down Payment Assistance for Alameda County and Contra Costa County

Home Access Program, offered by Housing Trust Silicon Valley, is for home purchases in Alameda & Contra Costa County. This program is expected to assist households with incomes that do not exceed 80% of the Area Median Income. It's a 30-year deferred loan that accrues interest annually. There will be no monthly principal or interest payments. Instead, the repayment of a loan (principal + accrued interest) is due at the end of the 30-year term. The purchase expands to single-family homes, townhouses, and condominiums. The down payment assistance will up to 40% of the purchase price, but not to exceed $200,000. This program is coming in May! Here's a quick eligibility snapshot:

First-time homebuyer purchasing a primary residence in the counties of Alameda or Contra Costa
Obtain a pre-approval from an approved lender. This must be done prior to submitting program application
Complete a HUD-Certified 8 Hour Homebuyer Education class through a designated agency
Applicants must attend in-person meeting with Housing Trust staff to discuss submitting an application after obtaining your pre-approval notice
You are required to contribute a minimum of 3% of the home's purchase price

If you are interested in this program, let me know, and I can get you connected to an approved lender to get you started and keep you in the loop once enrollment is available!