Take advanage of the Closing Cost Assistance Program (CCAP) in Santa Clara County! It is like a little money tree for first time buyers! Deferred loan of 3% of the purchase price up to $15,000 for down payment and/or closing costs!
3% simple interest rate loan due on sale or refinance of home, or in 30 years!
No interest or principle payments due during term of the loan!
A first time buyer for is defined as someone who has not owned a home in Santa Clara County during the last three years!
Minimum 3% down is required!
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