Homebuyer Programs

The City of San José homeownership programs are an important component of its overall housing strategy. The following programs are available for potential homebuyers in San José:

• Teacher Homebuyer Program (THP) - Program for San José public school teachers is designed for credentialed and emergency credentialed full time teachers who teach grades K through 12 in San José.



• SJSU Faculty & Staff Homebuyer Program (FSHP) - Program for full-time permanent San José State University (SJSU) employees.



• Equity-Share Homebuyer Program - Downpayment assistance program with varying loan amounts in specific developments for low- and moderate-income first-time homebuyers.

The City of San Jose is unable to wire funds for the Welcome Home program until October 24, 2008. We, the City, have appropriated more funds for the program effective October 24, 2008. Therefore, all purchase contracts received after September 24, 2008 should indicate a close of escrow date on or after October 24, 2008 in the new application package. We apologize, in advance, for any inconvenience this may cause. Please see the Welcome Home Announcement for more information.

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Loan Documents

Please review the City's Homebuyer Loan Documents for further program details.

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Resources

The following resources may also be of use to potential homebuyers in San José:

• Neighborhood Housing Services Silicon Valley (NHSSV) - The City's primary non-profit housing partner specializing in providing programs and services for first-time homebuyers. NHSSV administer the Home Venture Fund on behalf of the City of San José.



• Homebuyer Quick Reference Guide



• Affordable Housing Development List



• City Loan Underwriting Guidelines



• Homebuyer Application



• SJSU Supplemental Application



• Lender List



• Lender Handbook



• Asset Income Worksheet



• Affordable Housing Cost Limit (AHCL) Worksheet



• No Income Affidavit



• Seller's Occupancy StatusAffidavit

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*Note to existing homeowners - If you already own a home and have questions about your City loans please contact Maria Aguilar at (408) 975-4428.

Programs : Homebuyer Programs