A New Down Payment Assistance Program Opens Up for Bay Area Home Buyers!

If you've been ready to buy a home but were holding off for the right opportunity, this might be what you've been waiting for.

A new program has just been announced for first-time homebuyers in the Bay Area, offering up to $200,000 in down payment assistance. And for qualified buyers, this could be the support you need to confidently take the next step toward homeownership.

Here’s What You Need to Know

The Home Access Program, created by Housing Trust Silicon Valley, is designed to help income-eligible buyers purchase a home in Alameda or Contra Costa County by offering a deferred loan for:

• Up to 40% of the purchase price

• Maximum of $200,000

• No monthly payments, no interest

• Repayment happens only when you sell, refinance, or after 30 years

This program isn’t meant to make buying a home “easy” — it’s meant to make it possible for those who are ready, have done the prep work, and are waiting for the right chance to act.

You May Qualify If You:

• Are a first-time homebuyer (haven’t owned a home in the past 3 years)

• Plan to buy in Alameda or Contra Costa County

• Will use the home as your primary residence

• Can contribute at least 3% from your own funds

• Have a household income at or below 80% of the Area Median Income (AMI)

• Complete an 8-hour HUD-certified Homebuyer Education course

Example Income Limits (Alameda County):

• 1-person household: $84,600

• 2-person household: $96,650

• 3-person household: $108,750

• 4-person household: $120,800

When and Why to Act

The program is expected to open in May, and these types of funds are usually claimed fast, especially in our competitive market.

If you’ve already been pre-approved or have been seriously thinking about buying, this is the kind of assistance that can bridge the gap and make the numbers work.

Let’s Get You Ready

As a local real estate agent, I can connect you with a preferred lender familiar with this program and walk you through what’s needed to move forward. Together, we’ll:

• Review your eligibility

• Get your documents in order

• Position you to move quickly once applications open

Reach Out Today

If you’re ready to buy and this sounds like the right opportunity for you, 👉 set a time on my calendar here and let’s talk. I’ll help you prepare with clarity, not pressure, so you’re not left scrambling when it’s time to act.

This program isn’t for everyone, but it might be for you!