Simi valley first time home buyers program

Maximum home price limits are subject to change when new Income Limits for Ventura County are published each year. Therefore, the maximum per bedroom subsidy may be lower than the amount shown above. Applications are available through the Department of Environmental Services. If you need further help please contact me at or via email.

The income limits, the down payment assistance, the type of 1 st and 2 nd mortgage loans, and the maximum purchase price differ for each First-Time Homebuyer Program. Active real estate broker and entrepreneur in Simi Valley. In his free time you'll find Ted enjoying baseball with his family Go Dodgers , reaching his goal of spanish fluency, and pursuing his hobbies with RC aircraft and Lionel Trains.

The loan will have to be paid at some point. You would need to contact a real estate attorney to see what other options may exist. There are state laws to require the lenders to collect on the note and if they do not attempt to collect their debat after so many years, you might be able to fight them on the amount owned, but again this is a question for an attorney.

I am not an attorney and I am not offering legal advice. Hi Heidi, Please call my office at and I can get you details for first time home buyer programs. When the family we discussed gets back from vacation, I'll be sending them your way! Karen - Thank you so much for thinking of me; I appreciate it very much. As you and I have discussed, I love putting people in Simi Valley because its such a great place to live but then I don't need to tell you that TO home girl.

Comments 8 Subscribe to Comments Comment. Show All Comments. Sheldon Neal. Excellent description of Simi Valley Donne! Nice post :o. Donne Knudsen. Elizabeth Weintraub Sacramento Broker. Dave Roberts. Karen Cooper. Back to Top. Newer Post. Rainmaker , Follow Profile. Contact The Author. Full Name. Email Address.

Phone Number. Real Estate Resources. Simi Valley First Time Home Unfortunately, Oxnard and the city of Ventura are currently on hold right now because of some budgetary issues. I could help you out with that program as well so if you would like more info on that program, just let me know. You mention that you've had the same job for more than 20 years, are you a member of their employee retirement program or k program.

If so, you may be able to borrow against your account for a down payment on a home. Without knowing a little more about you and your situation, it's a little difficult to say whether or not I can help you. If I can be of any further assistance, please feel free to contact me.

I'm a first time home buyer, who needs assitance with down payment and closing costs. Marisela - First and foremost, thank you for stopping by for more info on the Simi Valley dpa program; I appreciate it. You have asked a very good question. If you buy a k home, your payment will be based on k minus the required down payment. As much as half of your required down payment can be gifted and you would then only be responsible for the other half.

I hope this clarification has answered your question and has cleared up any confusion about the requirements. That's what I'm here for.

Have a good day. Marisela - I just wanted to add one more thing. The maximum k in dpa is for homes with 4 or more bedrooms. Unlike any other dpa program I have worked with, Simi bases the amount of down payment assistance on number of bedrooms as well as income.

Kind of strange, I know, but it's still a great program for those that can qualify. Do you know how long the process usually takes from start to finish? Also, I am sure that everybody who applies doesnt get accepted, how do they make their choice? Kim - Typically, the process takes around 45 days. In order to qualify for the first time buyer tax credit, you would need to be in escrow no later than October 15th.

If you are currently in escrow, then it's doable. However, if you haven't even located a property yet, that's a little more challenging.

Not impossible, but most certainly challenging. Have a good day Kim and if I don't hear from you before then, have a wonderful weekend too. Kim - Once I have all of your supporting documentation, I could tell you in 15 minutes if you're qualified. The 45 days pertains to escrow. From the time your offer on a property is accepted to the time your loan is funded and recorded is approx.

Ok, so someone recommended I go with a gentlemen at CFC Mortgage because he had closed several of these City of Simi first time homebuyer loans and and was quite experienced. Before I decide to go with him or not, I would be interested in talking to you some more.

You seem to be very knowledgable too! One of my questions is have you closed any of these loans? Kim - You're doing the right things. First you got a referral, hopefully from someone you know and trust and the referral they gave you is someone they know and trust. Secondly, you did some research and you found some info about a program that interests you and you've asked a couple of questions.

However, there is more to this program than what I was able to put in my blog or what you have asked about.