City of Camarillo
Down Payment Assistance
Up to $50K for the purchase of your first home!
For more information, please contact:
James Fowler: [email protected], 805-388-5363 Michal Cepak: [email protected], 805-388-5367
Be a first-time homebuyer (not owned a home in the past three years)Qualify as a low-income or moderate-income household - up to 150% AreaMedian Income (AMI) - see chart belowMinimum 660 FICO scoreComplete a City-approved first-time homebuyer education classHave the ability to be pre-approved for a fixed-rate mortgage loanContribute at least 3% buyer’s own funds of the property purchase priceCurrently living or working in Camarillo is NOT a requirement. However, if thenumber of qualified applicants exceeds funding, priority will be given toapplicants in the following order: low-income buyers; buyers currently residing inCensus Tract 54.03, 53.04, or 55.02; buyers residing or working within theCamarillo city limits; all other applicants.Other criteria and requirements may apply.
The City of Camarillo aims to help local working households become homeowners with the Camarillo Workforce Housing Down Payment Assistance Program.
Program Features
Up to $50,000 for eligible households
Can be used for down payment or closing costs.
Simple 3% annual interest rate
Payments are deferred for 15 years (i.e., full loan balance due in 15 years).
Qualified applicants may use the funding towards the purchase of an attached or detached single-family property, inclusive of condominiums and townhomes, within Camarillo city limits.
Basic Eligibility Requirements