City of Oxnard First-Time Homebuyer Program (Separate from VCCDC)

City of Oxnard First-Time Homebuyer Program (Separate from VCCDC) is a deferred second loan for homebuyers in Oxnard, California. City of Oxnard's own down payment assistance program for low and moderate income residents purchasing homes within city limits. Separate from county-wide VCCDC program. May cover manufactured homes and condos. no monthly payments on DPA. Funding comes from Federal HOME / City.

City of Oxnard First-Time Homebuyer Program (Separate from VCCDC) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Sale, transfer, or non-occupancy. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Oxnard First-Time Homebuyer Program (Separate from VCCDC) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Contact lender for current credit score requirements. A homebuyer education course is required, through VCCDC homebuyer counseling. Residency requirement: Must be Oxnard resident; purchase within Oxnard. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. Must purchase in Oxnard; income ≤80% Ventura County AMI; deferred loan at 0-3% interest.

City of Oxnard First-Time Homebuyer Program (Separate from VCCDC) limits household income to 80% of the area median income, which varies by county and household size. Low income: household income ≤80% of Area Median Income (AMI). The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Oxnard First-Time Homebuyer Program (Separate from VCCDC) caps the purchase price at $800,000. Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD. New construction is eligible. Manufactured homes are not eligible.

City of Oxnard First-Time Homebuyer Program (Separate from VCCDC) serves homebuyers purchasing in Oxnard, California.

Applications for City of Oxnard First-Time Homebuyer Program (Separate from VCCDC) go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Contact provider directly; subject to funding availability. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.