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Destination Home

San Jose, California

Last verified
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Repayment

Deferred

No payments until the home is sold or refinanced

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Destination Home is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, 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.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

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.

What kind of home can it be used for?

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

Where does it apply?

Destination Home serves buyers purchasing in San Jose, California.

How do you apply?

Applications for Destination Home go through the administering agency.

  1. Take a homebuyer education course

    Required by the program, through Required - partner-run homebuyer education.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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