Is it Possible to buy a Santa Clara County CA home without downpayment?

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.