South San Francisco Employee Down Payment Assistance Program (Pre-Application)

Greetings!

Thank you for your interest in South San Francisco's Employee Down Payment Assistance Program! Please note, the information you submit on this Pre-Application will be used to determine your initial eligibility and buyer preference to apply for a loan from the City of South San Francisco.  Information you provide on this pre-application will be verified when you complete a full application for the program. The Pre-Application must be submitted on-line by December 6, 2021.  Should you prefer to complete a paper pre-application please reach out to our office by email at hellohousing.org or by phone at (415) 863-3036 and one can be sent to you by mail or by email for you to complete.  All paper applications will need to be mailed to our office by December 6, 2021 at the following location:

Hello Housing - SSF EDPA Program
1970 Broadway, ste 100
Oakland, CA 94612

Thanks!
Hello Housing Team 


Equal Housing Opportunity LogoHello Housing and the City of South San Francisco do not discriminate against any persons on the grounds of race, color, religion, national origin, ancestry, sex, gender, gender identity, gender expression, sexual orientation, marital status, familial status, source of income, genetic information, medical condition, physical disability or mental disability, or any other category protected by law.

Household Information

Below, please provide details for the Primary Applicant and Co-Applicant (if applicable). Please note that this information is being collected for the purposes of identifying all household members who will be residing in the home following the purchase, not for purposes of determining which household members will be borrowers on a mortgage loan. Please note that all adult household members who are listed as co-owners will be required to be listed as owners on title and on the EDPA loan and Senior Loan at time of purchase. 
Primary Applicant
Provide details for the Primary Applicant/Eligible Employee below. Please note, that the Primary Applicant/Eligible Employee will be the main point of contact. 











Primary Applicant Demographics
Hello Housing believes that fair and equal access to affordable housing opportunities is critical to supporting diverse communities where people thrive. To know how we are doing, we need to collect demographic information from our applicants, buyers and renters. And, we need to collect this information in a way that can be compared with other publicly-available information.  The format and choices of the following questions mirror how these questions are asked by the U.S. Census Bureau.  

Please be assured that this information is only used in the aggregate and is not used in any way to determine your household's eligibility for any program offering. By providing this information, you are helping us better understand the reach and impact of our programs in the communities we serve, which in turn leads to more effective affordable housing solutions.







Primary Language
Your answers below help us make the program more accessible to applicants who speak different languages. Your answers will not be used in any way to determine your eligibility for this program.







Co-Applicant











Co-Applicant Demographics







Primary Language
Your answers below help us make the program more accessible to applicants who speak different languages. Your answers will not be used in any way to determine your eligibility for this program.




Additional Household Members

Please provide information on any other members of your household, such as children, grandparents, or other adults in the household who are full or part-time residents. This information helps determine your household size. 

Household Member #1







Household Member #2







Household Member #3







Household Member #4







Household Member #5







Household Member #6







Household Member #7







Household Member #8







Household Details

The EDPA Program is an employee benefit open to all permanent, full-time employees who have passed their probationary period.




Eligible Purchasing Geography:  Program loans shall be used to purchase Residential Units located within San Mateo or San Francisco County.  However, it is a priority for the City that EDPA loan funds are utilized by Eligible Applicants seeking to purchase homes in South San Francisco and therefore Eligible Applicants seeking to purchase in South San Francisco shall receive a Local Buying Preference in the EDPA lottery.  More details about the Local Buying Preference and the Lottery can be found EDPA Program Policy Guidelines.


Current Living Situation & Homeownership Goals (Optional)

Please share your current situation on this page. Your responses will not impact your eligibility for the program, but will help us understand who is benefitting from this program.
Current Situation



Supplemental Information

First-time Homebuyer Requirement: The Employee Down Payment Assistance (EDPA) loan requires that no member of the applicant household have owned any interest in a residential unit during the three-year period preceding the date of the Pre-Application. An applicant shall be deemed to have owned an interest in a residential unit regardless of whether or not that interest resulted in a financial gain, is in another state or county, or if the applicant has ever used the property as a primary residence.  Notwithstanding the foregoing, if an Applicant possessed any of the following interests in a Residential Unit in the three-year period preceding the date of application shall not, by themselves, disqualify an Applicant from being considered a First-time Homebuyer: (1) timeshares; (2) non-occupying co-borrower who may have co-signed on a loan from previous real estate transactions but was not on title; (3) designation as trustee for a trust, where the trustor is living and occupying the Residential Unit; (4) designation as beneficiary of a trust that includes a Residential Unit amongst the trust assets where  the trustor is living and occupying the Residential Unit; and (5) shares in a limited equity co-operative.

Income and Asset Limits: Eligible Applicants are not subject to an income limit in order to be eligible for the EDPA Program.  However to ensure that limited Program funds support employee's most in need of assistance, eligible Applicants may not have more than $300,000 in Liquid Assets at the time of application.  If an Eligible Applicant's Liquid Assets are less than or equal to $300,000 at the time of application, the Eligible Applicant may retain a maximum of $60,000 and must apply any Liquid Assets in excess of $60,000 toward the purchase of the Residential Unit.

Owner Occupancy: Applicants must occupy the Residential Unit as their Principal Residence within 60-days after thee close of escrow and thereafter occupy the unit as their Principal Residence or the EDPA loan term.

Personal Down Payment Requirements: Applicants must provide a minimum of a 3% down payment towards the Purchase Price.

Qualifying Ratios:  No maximum Front-end Debt Ratio shall be imposed.  However, there is a maximum 45% Back-end Ratio to qualify for the EDPA loan.

Credit Worthiness:  The EDPA Program will rely on the First Lenders to underwrite an Applicant's creditworthiness and will not impose any specific minimum FICO Score.


Certification of Information