Question 1

Do community mortgages require me to be a first-time buyer?

Accepted Answer

Most programs define first-time as not owning a home in the past three years. Some Santa Clara County programs waive this requirement entirely for teachers and public service workers.

Question 2

Can I use community mortgage assistance on a condo in Cupertino?

Accepted Answer

Yes, condos qualify if they meet FHA or conventional approval standards. Many Cupertino condo complexes already carry FHA approval, making them eligible for stacked financing with assistance programs.

Question 3

What happens if I sell my Cupertino home before the forgiveness period ends?

Accepted Answer

You repay a prorated portion of the assistance. If you received $50,000 with a 10-year forgiveness and sell after 6 years, you'd owe back $20,000.

Question 4

How much income can I make and still qualify for community mortgage programs?

Accepted Answer

Santa Clara County caps vary by household size. As of February 2026, expect limits between $120,000-$180,000 for moderate-income tiers depending on the specific program.

Question 5

Do community mortgages have higher interest rates than conventional loans?

Accepted Answer

Not necessarily. Some programs offer below-market rates. Others match conventional rates but add down payment grants, making the overall cost lower than a standard loan with PMI.

Community Mortgages in Cupertino: Access Down Payment Assistance & Flexible Qualification