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Downpayment Assistance Program (SCC40K Loan Program)

Published on: 6/30/2014 3:24 PM

July 2014:

Applications are currently being accepted for the County's $40,000, SCC40K Downpayment Assistance Program.   A minimum of 30-days is needed for the County to process a Downpayment Loan.


  • Application are submitted to the County AFTER the applicant has have made an offer on a qualified property and the offer has been accepted by the seller but before the close of escrow. A minimum of 30-days is needed for the County to process a Downpayment Loan.


  • Meet the Maximum Income Limit.
  • Meet the Property Eligible Jurisdiction Requirement.
  • Property meets the Maximum Purchase Price Limit.

In addition to the above requirements the homebuyer must :

  • Meet the Maximum Debt to Income ratio's
  • Meet the other underwriting criteria listed in the Underwriting Guide and Manual below.

Eligible Jurisdictions

  • Campbell
  • Los Altos
  • Los Altos Hills
  • Los Gatos
  • Morgan Hill
  • Monte Sereno
  • Saratoga, and
  • Unincorporated Areas of the County - Click to search if property is unincorporated.
  • (If the search results states is incorporated (San Jose). No further data will be gathered. Then the property is located in the City of San Jose and does not qualify.)


Maximum Income and Purchase Price Limits

  • Maximum Purchase Price Limit : $570,000 (new or resale property)
  • Maximum Income Limits: 



FY 2013 Uncapped Low Income Limits by  Household Size

Effective: February 11, 2013

Household Size







Income Limits








NOTE: The County uses HUD Uncapped Low Income Limits
for High Cost Areas. For HOME funded programs the County uses the
"Part 5" definition of income found at 24 CFR 5.609. The Part 5 definition
of annual income is the gross amount of income of all adult household
members that is anticipated to be received during the coming 12-month
period. Adults are defined as all household members 18 and over.

The SCC40K loan can be used for

  1. Down Payment Assistance
  2. Closing Cost Assistance

Loan Terms and Rate

  • 30 year, deferred @ 3% interest for 4 years then 0% beginning in year 5
  • Deferred = no payments. Loan due upon sale, cash-out refinance, or transfer of ownership.

SCC40K Downpayment Forms, Including Application and Checklist

       1.  SCC40K Loan Applicationand Checklist (June 2014)

       2.  SCC40K HOME Agreement June 2014

       3.  Part 5 Income worksheet June 2014

      4.   Exhibit A -2014 Income Limits SCC40K

      5.   Example Model Energy Code Letter.pdf  (Need from Developer on Newly Constructed Units)

      6.   No Income Affidavit (Use when Co-borrower has no income)

      7.   Lead Poisoning is Preventable

      8.   Protect Your Family From Lead in Your


  1. Participating SCC40K Lender List
  2. Lender SCC40K Participation Agreement


  1. Example Blank SCC 40K HOME Deed of Trust
  2. Example Blank SCC 40K HOME Promissory Note


For More Information Please Contact:

Tracy Cunningham
County of Santa Clara
Management Analyst
Office Of Affordable Housing
70 West Hedding Street, East Wing, 7th Floor
San Jose, CA 95110
Phone: (408) 299-5765