The program will assist low to […] December 3, 2020 @ 2:00 pm - 3:30 pm The City of Milpitas will host a free homeownership webinar about the Empower Homebuyers SCC program with the County of Santa Clara and Housing Trust Silicon Valley! Funded by the 2016 Measure A Affordable Housing Bond, Empower Homebuyers SCC provides down payment assistance loans to first-time homebuyers with up to 17% of the purchase price. will share 17% of the appreciation and the rest of the equity that builds up on them with the down payment. Funded by the 2016 For instance, if you buy a house for $600,000 and Funded by the 2016 Measure A Affordable Housing Bond, the Empower Homebuyers SCC program provides down payment assistance loans to first-time homebuyers. This means if your loan was 17% of the purchase price, you Funded by the 2016 Measure A Affordable Housing Bond, the program provides down payment assistance loans to first-time homebuyers up to 17% of the … Once approved, meet with Housing Trust for 1 on 1 counseling session, California Department of Housing and Community Development, 120% of Area Median Income (updated as of April 30, 2020). More information about the Empower Homebuyers SCC program is available at … Copyright 2020 by Housing Trust Silicon Valley. No matter the amount borrowed, there are no monthly payments orinterest with an Empower Homebuyers loan. Empower Homebuyers SCC is a program of the County of Santa Clara administered by Housing Trust Silicon Valley. It provides down payment assistance loans to first-time homebuyers in the county and is funded by the. of the loan. For instance, if you buy a house for $600,000 and use Empower to borrow 17% ($102,000) for the down payment, and the home is later sold for $800,000, you would owe $136,000 – $102,000 plus $34,000 (17% of the $200,000 appreciation). Percentage Share of will share your appreciation in equal proportion to the amount you borrowed. Learn about this new down payment assistance program and how it can help you become a first-time homebuyer in Santa Clara County. A mini Homebuyer Fair following the presentation will provide additional housing, lending, and real estate resources. Empower Homebuyers SCC is a program of the County of Santa Clara administered by Housing Trust Silicon Valley. I agree to receive information via email regarding Housing Trust's first-time homebuyer programs, upcoming events, and workshops. Join us to learn more about the new Empower Homebuyers SCC program! All borrowers (including non-borrowing spouses) must attend a HUD-certified Homebuyer Education through an in-person or online class from a designated agency, Housing Trust works with all approved lenders, With lender pre-approval, complete a Program Eligibility Application and contact Housing Trust staff for an appointment. Download Housing Trust’s Steps to Homeownership guide. Funded by the 2016 Measure A Affordable Housing Bond, Empower Homebuyers SCC provides down payment assistance loans to first-time homebuyers with up to 17% of the purchase price on a market rate home. Out of an abundance of caution, Housing Trust Silicon Valley will not be taking in-person meetings at this time. Registration opens up on May 1, 2020. down payment of 20%. Join us and learn more about this down payment assistance program and how it can help you become a... December 16, 2020 @ 2:00 pm - 3:30 pm Join us and learn more about this down payment assistance program and how it can help you become a first-time homebuyer in Santa Clara County. With housing costs so high, many of our friends, families, colleagues, and neighbors in the greater Bay Area cannot afford to purchase a home here, because securing a down payment is out of reach. your loan plus a share of the appreciation of your home. The loan can be for up to 17% of a home’s purchase price – which means an additional 3% from a first-time homebuyer would reach a down payment of 20%. Empower Homebuyers is a loan for first-time homebuyers to help them with the down payment. She did her research to compare the Empower Homebuyers SCC down payment assistance program with local below market rate programs. This class will introduce you to Empower Homebuyers SCC, a program of the County of Santa Clara administered by Housing Trust Silicon Valley. Empower Homebuyers SCC is here to help! The program is available for households who have low to moderate incomes. In San Jose for example, a 20% down payment for a median home is almost always more than enough money to purchase a home outright in many parts of the country. California Finance Lender License # 6053356 and NMLS License # 287840. Information about other housing assistance programs will be available as well. Join Housing Trust Silicon Valley for a free homeownership webinar about the Empower Homebuyers SCC program! the $200,000 appreciation). For more information contact us at: 408-703-3837 ext. moderate income people purchase homes in Santa Clara County – including Regardless of the amount borrowed, there are no monthly payments or interest with an Empower Homebuyers loan. 301, EMAIL: EmpowerHomebuyersSCC@housingtrustsv.org, Inclement Weather Warming and Cooling Resources, I Want to get Connected to Long-term Housing, I Want Text Messages about Shelter/Housing Issues, I am a Provider and want to sign-up for a Training, 2020 SCC Community Plan to End Homelessness, Eviction Moratorium Information for Landlords and Tenants, ebuyers SCC is a program of the County of Santa Clara administered by Housing Trust Silicon Valley. The City of Sunnyvale will host a free homeownership webinar about the Empower Homebuyers SCC program with the County of Santa Clara and Housing Trust Silicon Valley! 2020-06-17 14:00:00 2020-06-17 15:30:00 America/Los_Angeles Empower Homebuyers SCC. You will share your appreciation in equal proportion to the amount you borrowed. Funded by the 2016 Measure A Affordable Housing Bond, the Empower Homebuyers SCC program provides down payment assistance loans to first-time homebuyers. Measure A Affordable Housing Bond, Empower Homebuyers SCC assists low to amount you borrowed. Appreciation based on percentage of Original Empower Homebuyers SCC principal Ultimately, she decided the County’s program was right for her because she liked the terms of repayment and share of appreciation, and the program was more flexible. It provides down payment assistance loans to first-time homebuyers in the county and is funded by the 2016 Measure A Affordable Housing Bond .