The Santa Clara County Office of Education is proud to host a homeownership webinar with Housing Trust Silicon Valley about the Empower Homebuyers SCC program on May 17. Join the webinar to learn how this down payment assistance loan program can help you own your first home.
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, please visit www.housingtrustsv.org/empower.