Mortgage Assistance Program

Funds are currently available. Please check this page for periodic updates. 

Housing Trust Silicon Valley’s Mortgage Assistance Program (MAP) is one of the three loan products currently available from the Housing Trust, and is an amortizing 30-year second loan.

The Mortgage Assistance Program has expanded to include all of the following counties: Alameda, Monterey, San Benito, Santa Clara and Santa Cruz. Each county has its own income limits.  Please check the table below.

Maximum Income By Household Size By County

Number of Persons in Household
County Income Category 1 2 3 4 5 6 7 8
Alameda  Low Income  $50,150  $57,300  $64,450 $71,600 $77,350 $83,100 $88,800 $94,550
 Moderate Income  $78,550  $89,750  $101,000 $112,200 $121,200 $130,150 $139,150 $148,100
Monterey  Low Income  $40,600  $46,400  $52,200 $58,000 $62,650 $67,300 $71,950 $76,600
 Moderate Income  $57,700  $65,950  $74,200 $82,450 $89,050 $95,650 $102,250 $108,850
San Benito  Low Income $ 45,100  $51,550  $58,000 $64,400 $69,600 $74,750 $79,900 $85,050
 Moderate Income  $68,100  $77,850  $87,550 $97,300 $105,100 $112,850 $120,650 $128,450
Santa Clara Low Income  $59,400  $67,900  $76,400 $84,900 $91,650 $98,450 $105,250 $112,050
Moderate Income  $89,300  $102,050  $114,800 $127,550 $137,750 $147,950 $158,150 $168,350
Santa Cruz Low Income  $56,500 $64,550  $72,600 $80,650 $87,150 $93,600 $100,050 $106,500
Moderate Income $73,100 $83,500 $93,950 $104,400 $112,750 $121,100 $129,450 $137,800

Who it Helps

Moderate-Income First Time Homebuyers who have not owned a home in the last three years. As shown above, the household income for a four-member household in Santa Clara County cannot exceed $127,550; or the income for a single-member household cannot exceed $89,300.

How it Helps

The Housing Trust has established the Mortgage Assistance Program to help homebuyers finance their first home, condominium or townhome. Second loans of 17% of the purchase price up to $85,000 are available under this program. The MAP is an amortizing 30-year second mortgage, with interest and principal payments due monthly.

For buyers up to the Low Income limit, the MAP rate will be equal to the rate of the first loan. For buyers between the Low Income and Moderate Income limits, the MAP rate will be 1% above the rate of the first loan. Your loan officer or mortgage broker will submit an application on your behalf.

For more details, please download the MAP Program Guidelines.

Important Loan Program Requirements

Applicants must complete an 8 hour HUD approved Homebuyer Education class through a designated agency. Visit our Homeownership to view upcoming HUD approved homebuyer education classes.

Obtaining a pre-approval from a Certified Loan Officer/Mortgage Loan Originator (Lender) is important. A preapproval letter indicates that the Lender has reviewed your financial situation for obtaining a loan to purchase your home. A preapproval letter is required to determine eligibility.

Download our Certified Loan Officer List.

Mortgage Loan Originators/Loan Officers are required to attend a Lender Training Workshop and have a Lender Participation Agreement. Please go to our Homebuyer Calendar for our next Lender Workshop.

Program Eligibility Determination Required- Prior to Purchasing a Home

The Housing Trust offers first-time homebuyers the opportunity to find out if they are Program Eligible for our CCAP, MAP and GAP loans.

First-time homebuyers must complete the Homebuyer Assistance Program Eligibility Application and submit along with the required documents prior to purchasing a home. First-Time Homebuyers are required to have obtained a Pre-approval from a Lender. Download a copy of the Certified Loan Officer List.

Applicants should not enter into a purchase contract prior to receiving determination of Program Eligibility from the Housing Trust.

Loan Application – Property Selected and Purchase Agreement Signed

A Loan Application must be completed by the Loan Officer/Mortgage Loan Originator (Lender).  The Loan Application and its documents must be delivered by the Lender to the Housing Trust within 7 days.

Download a copy of the  Homebuyer Assistance Programs Loan Application.

For more information, contact the Homeownership Programs at (408) 436-3450 ext. 303