VCCDC DPA - City of Camarillo

VCCDC DPA - City of Camarillo is a forgivable loan for homebuyers in Camarillo, California. Up to $40,000 forgivable grant for first-time buyers in Camarillo. Income at or below 80% AMI. Forgiven after 10 years of owner-occupancy. Up to $40,000 in assistance. loan forgiven after required occupancy. Funding comes from City of Camarillo / Federal HOME.

VCCDC DPA - City of Camarillo offers up to $50,000 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 DPA - City of Camarillo 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 DPA - City of Camarillo 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: Purchase within City of Camarillo. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. Must purchase in Camarillo; income ≤120% Ventura County AMI; administered by VCCDC; forgivable/deferred loan.

VCCDC DPA - City of Camarillo 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 DPA - City of Camarillo 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.

VCCDC DPA - City of Camarillo serves homebuyers purchasing in Camarillo, California.

Applications for VCCDC DPA - City of Camarillo 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.