VCCDC Down Payment Assistance - Ventura County

VCCDC Down Payment Assistance - Ventura County is a forgivable loan for homebuyers in Ventura County, California. Up to $40,000 forgivable grant for qualified low-income homebuyers earning up to 80% AMI in Ventura County. Forgiven after 10 years. Min 620 FICO. Max DTI 45%. Requires homebuyer education. Located at 2231 Sturgis Road Suite A, Oxnard. Up to $40,000 in assistance. loan forgiven after required occupancy. Funding comes from Federal HOME / CalHome / County.

VCCDC Down Payment Assistance - Ventura County offers up to $38,000 in assistance. The program asks homebuyers to contribute 1% of purchase price (borrower minimum). The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

VCCDC Down Payment Assistance - Ventura County is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, transfer, or non-occupancy before 10 years. 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.

VCCDC Down Payment Assistance - Ventura County 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: Minimum 620 FICO score required for all borrowers. A homebuyer education course is required, through VCCDC homebuyer counseling. Residency requirement: Property within Ventura County. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. My Way Home program. Available throughout Ventura County. Deferred 0% loan. Must complete homebuyer education. Income tier determines assistance amount.

VCCDC Down Payment Assistance - Ventura County limits household income to 120% 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.

VCCDC Down Payment Assistance - Ventura County caps the purchase price as follows: Contact program for current purchase price limits. Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD. New construction is eligible. Manufactured homes are not eligible.

VCCDC Down Payment Assistance - Ventura County serves homebuyers purchasing in Ventura County, California.

Applications for VCCDC Down Payment Assistance - Ventura County 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.