Destination Home

Destination Home is a deferred second loan for homebuyers in San Jose, California. Backbone organization coordinating Silicon Valley affordable housing efforts. Refers homebuyers to specific partner DPA programs. Coalition-led affordable housing initiative in Silicon Valley. Provides referrals, partnerships and program funding to multiple homeownership-related programs in Santa Clara County. Funding comes from Destination: Home, partner organizations.

Destination Home is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Destination Home is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through Required - partner-run homebuyer education. Sourced via Homebuyer Wallet (MULTI250094). Coalition-driven initiative; eligibility tied to specific partner program (Empower Homebuyers SCC, Housing Trust Silicon Valley, etc.). NOTE: Wallet listed this as multi-state but the program operates primarily in Santa Clara County.

Destination Home sets its income limit as follows: Per partner program (varies). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Destination Home can be used for Single-family, Condo, Townhouse.

Destination Home serves homebuyers purchasing in San Jose, California.

Applications for Destination Home go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.