Housing Trust Silicon Valley - Home Access Program (Alameda/Contra Costa)

Housing Trust Silicon Valley - Home Access Program (Alameda/Contra Costa) is a deferred second loan for homebuyers in Alameda County, California. 30-year deferred loan up to 40% of purchase price or $200,000 for first-time homebuyers in Alameda and Contra Costa counties. No monthly payments; due at end of 30-year term. Funded by CalHome Reuse Funds. Applications opened May 2025. Up to $200,000 in assistance. no monthly payments on DPA. Funding comes from State CalHome / Non-profit.

Housing Trust Silicon Valley - Home Access Program (Alameda/Contra Costa) provides assistance worth 40% of the purchase price, as set by the program. The program asks homebuyers to contribute 1% of purchase price (borrower minimum). The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Housing Trust Silicon Valley - Home Access Program (Alameda/Contra Costa) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Sale, transfer, or end of 30-year term. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Housing Trust Silicon Valley - Home Access Program (Alameda/Contra Costa) 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. On credit, the program states: Contact lender for current credit score requirements. A homebuyer education course is required. Residency requirement: Property in Alameda or Contra Costa County. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen.

Housing Trust Silicon Valley - Home Access Program (Alameda/Contra Costa) limits household income to 80% of the area median income, which varies by county and household size. Contact program provider for current income limits. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Housing Trust Silicon Valley - Home Access Program (Alameda/Contra Costa) caps the purchase price as follows: Contact program for current purchase price limits. Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD. New construction is eligible. Manufactured homes are not eligible.

Housing Trust Silicon Valley - Home Access Program (Alameda/Contra Costa) serves homebuyers purchasing in Alameda County, California.

Applications for Housing Trust Silicon Valley - Home Access Program (Alameda/Contra Costa) go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Contact provider directly; subject to funding availability. 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.