The City of Sunnyvale First-time Home Buyer Loan (FTHB) Program offers down payment assistance to moderate or lower-income, first-time home buyers who live or work in Sunnyvale.

The FTHB program is available to eligible buyers of Below Market Rate (BMR) or lower-cost market-rate homes in Sunnyvale.

The Program provides this assistance in the form of deferred payment “silent” second mortgage loans, also known as “gap” financing.

Loans may only be used toward payment of the purchase price and closing costs of a Program eligible home that will be occupied by the home owner as your primary residence.

Loan Amount: Second mortgage loan of up to $50,000

If funds are no longer available, or you are unable to meet the qualifications for this assistance program, there are other options that may be available to you.

California home buyers should also explore Mortgage Credit Certificates, CRA Programs, Lender/Agent Credits or other creative down payment and closing cost assistance options.