VCCDC Down Payment Assistance - Ventura County

What is 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.

How much assistance does it provide?

VCCDC Down Payment Assistance - Ventura County offers up to $38,000 in assistance.

• The program asks buyers 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.

Do you have to pay it back?

VCCDC Down Payment Assistance - Ventura County is forgiven after 10 years, so a buyer 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.

Who qualifies?

VCCDC Down Payment Assistance - Ventura County is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through VCCDC homebuyer counseling.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Contact provider directly; subject to funding availability, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.