Wow! Is it possible to buy a home without money?
As the loan guide line is tough now, it is very difficult to buy any home without down payment. Today I come across an interesting infromation that city of Santa clara. This city of Santa Clara Below Market Price Housing Program administered by neighborhood housing services silicon valley (NHSSV). It offers a 5 year deffed secondary loan of $125K with zero interest during the deferrment period, for the first time home buyers. You may contact NHSSV for a list of preferred lenders.

The applicants must not exceed the following income limits:

• Household of 2 persons = $101,300
• Household of 3 persons = $113,900
• Household of 4 persons =$126,600

Income limits are  based on the total gross before taxs annuyal income per household
You will need the proof of employment, residency and other list of preferred lenders, The applicants must submit a pre-qualification or preapproval letter froma direct lender for a 30 year fixed rate conventional loan.

The Pacific Gas and Electric Company (PG&E) serves the San Francisco and South Bay area helps the users to manage energy costs when there is an unexpected change in user’s financial situation.1). California Alternate Rates for energy (CARE) program provides a monthly discount on energy bills for income qualified households. CARE phone contact: 1866-PGE-CARE or http://www.pge.com/care

2). Family Electric Rate Assitance (FERA) Program provides a monthly discount on electric bills for income qualified households of three or more persons. FERA contact 1800-PGE-5000 or http:www.pge.com/fera

or our contact to CAREandFERA@pge.com

The program guidelines:

• The PG&E must be in your name
• You must live at the address which you apply the discount
• You may not be claimed as a dependent on another person’s income tax return other than the spouse.
• You may not share an energy meter(s) with another home.
• Your household must meet the income qualification
• You must notify PG&E if you no longer qualify the discount.
• PG&E will notify you when it is time to reapply.