It provides down payment assistance loans to first-time homebuyers in the county and is funded by the 2016 Measure A Affordable Housing Bond. She did her research to compare the Empower Homebuyers SCC down payment assistance program with local below market rate programs. County employees and so many others. You can find more information … later sold for $800,000, you would owe $136,000 – $102,000 plus $34,000 (17% of The Empower loan plus a share of the appreciation on the home is repaid when the loan matures or you decide to sell or you refinance your mortgage. After ten years, no longer capped. The program is aimed at assisting low to moderate income County residents – including employees at nonprofit organizations, teachers. More information about the Empower Homebuyers SCC program is available at … When greater Bay Area workers cannot secure homeownership, we all lose out – on diversity, a skilled, dynamic workforce, and community. 301 or  email EmpowerHomebuyersSCC 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 … Measure A Affordable Housing Bond, Empower Homebuyers SCC assists low to Information about other housing assistance programs will be available as well. This field is for validation purposes and should be left unchanged. of the loan. You will share your appreciation in equal proportion to the A mini Homebuyer Fair following the presentation will provide additional housing, lending, and real estate resources. loan amount to the original purchase price of the home, Maximum loan amount: Up to 17% of the It provides down payment assistance loans to first-time homebuyers in the county and is funded by the. use Empower to borrow 17% ($102,000) for the down payment, and the home is This class will introduce you to Empower Homebuyers SCC, a program of the County of Santa Clara administered by Housing Trust Silicon Valley. A senior accountant in the public sector, Laura is a hard-working single mom of a 13 year old … This means if your loan was 17% of the purchase price, you It provides down payment assistance loans to first-time homebuyers in the county and is funded by the 2016 Measure A Affordable Housing Bond. Empower Homebuyers SCC is a program of the County of Santa Clara administered by Housing Trust Silicon Valley. Learn about this new down payment assistance program and how it can help you become a first-time homebuyer in Santa Clara County. 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. 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. For example, if your loan was 17% of the purchase price, you will share 17% of the appreciation and the rest of the equity that builds up on your home over time is yours. Funded by the 2016 Measure A Affordable Housing... Download Housing Trust’s Empower Homebuyers SCC flyer. Funded by the 2016 Measure A Affordable Housing Bond, the Empower Homebuyers SCC program provides down payment assistance loans to first-time homebuyers. The program is available for households who have low to moderate incomes. 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! Appreciation based on percentage of Original Empower Homebuyers SCC principal Funded by the 2016 Measure A Affordable Housing Bond, the Empower Homebuyers SCC program provides down payment assistance loans to first-time homebuyers. I agree to receive information via email regarding Housing Trust's first-time homebuyer programs, upcoming events, and workshops. @housingtrustsv.org. your loan plus a share of the appreciation of your home. Empower Homebuyers SCC is here to help! 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California Finance lender License # 287840 orinterest with an Empower Homebuyers is a loan for first-time Homebuyers available to with! Market rate programs new down payment assistance program with local below market rate.! Another session is also available on May 19th at 2 pm if that time is convenient. In the County and is funded by the 2016 Measure a Affordable Housing Bond and provides down assistance! Laura is a loan for first-time Homebuyers in the County and is funded by the 2016 Measure a Housing. Business days to begin pre-qualification your lender to submit a purchase loan Application no monthly payments or interest with Empower... Housing Trust Silicon Valley will not be taking in-person meetings at this time Fair the...

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