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Down Payment Assistance and LendingTired of renting but don’t think you have the income to purchase a home? Or perhaps you already own a home help but need to free up some cash with a refinance? VCCDC will work with you to find the best loan products and down payment assistance programs for you and your family. We can provide opportunities for you to access up to $100,000, and we want to do exactly that. Our long-standing and strong relationships with our bank partners allow us to provide you with more purchasing power. 
Living in California, one of the biggest barriers to becoming a homeowner is having the finances to afford a down payment. Our Lending team will work with you to access as much down payment assistance and closing cost assistance as you can qualify for! Through assistance programs like WISH, CALHOME and Hope to Home, we’ve funded more than $8.4 million in down payment assistance for low and moderate income homebuyers. Check out the information below to learn more about our programs. Ready to talk to a mortgage specialist to learn how vccdc can help? Schedule a free consultation:OVERVIEW OF PROGRAMSWatch the videos below for an overview of VCCDC’s homebuying programs from Director of Lending Services, Alex Vega. You can also review our program flyers by clicking on the buttons below. Please note all programs are subject to availability of funds. Programs are discontinued and added continuously please check with us for details. FROM HERE FORWARD PROGRAMThe From Here Forward Deferred Loan Program, made possible with funds from the California Department of Housing and Community Development (HCD) offers up to $100,000 in home buying assistance for low-to moderate-income borrowers who were physically or economically displaced by the Thomas Fire or Woolsey Fire in Ventura County. Watch a recording of our program orientation and check out our flyer for further details! Ready to talk to a mortgage specialist to learn how vccdc can help? Schedule a free consultation:HOPE TO HOME - CITY OF BAKERSFIELDVCCDC's Hope to Home - Bakersfield deferred loan program, in partnership with the City of Bakersfield, can make your dream of homeownership in Bakersfield possible! Learn how you can get up to $23,000 in assistance towards the purchase of your own home. Plus learn how you can combine with our other programs for a total of $58,000 in assistance! Ready to talk to a mortgage specialist to learn how vccdc can help? Schedule a free consultation:PAST COMMUNITY EVENTSThank you MLKcommUNITY Thank you to the MLKcommUNITY Initiative for inviting VCCDC to present on January 10th, 2022 in the city of Bakersfield! We are honored to have partnered together to help empower future homebuyers! Below is a copy of the material presented. If you have any questions please contact VCCDC at 805-273-7800 or . Thank you AREAA Ventura County Chapter Thank you to Asian Real Estate Association of America - Ventura County Chapter for inviting us to be a part of the Paths to Homeownership panel session! Our Director of Lending Services, Alex Vega, along with our friends at Union Bank, Bank of America and Chase were part of the panel discussing current mortgage lending issues and the programs that are available to help families and individuals achieve homeownership. AREAA is dedicated to promoting sustainable homeownership opportunities in Asian American communities by creating a powerful national voice for housing and real estate professionals that serve this dynamic market. LendingWe’re here FOR you, especially when it comes to financing your new home. So you can trust that our Lending team will help you find the best possible loan option. Here are some possible loan details:
RefinancingWhether it’s a lower payment, quicker payoff or a much needed home improvement, VCCDC will help you find the right mortgage solution. Our Mortgage Specialists will help you understand whether refinancing makes sense for you and will let you know exactly what to expect from the process. Here are some of the features included in our Refinance Program: • Lower fees than traditional loan programs • Limited credit history considered • Maximum loan amount of $713,000 • 30 year fixed mortgage Schedule a free phone consultation with one of our Mortgage Specialists today: Affordable HomesAffordable unit projects offer opportunities for low-income buyers to purchase affordable deed-restricted units. Income, credit, employment history, down payment, and other requirements and restrictions will apply. We can provide you with access to affordable homes through our partnerships with municipalities and developers. Be the first to find out about affordable unit projects by email or on social media! Our Lending TeamINDUSTRY EXPERTS DEDICATED TO YOUR SUCCESSBuying a home is one of the biggest financial decisions you'll make in your life! Entrust your dream of homeownership to the dedicated and knowledgeable team of mortgage lending professionals at VCCDC. Our team of local, experienced mortgage professionals is here to answer your questions and give you confidence in your decisions. Allow us to guide you step-by-step along your mortgage journey in a no-pressure, questions-welcome setting Can I get a loan for a down payment?Typically, you can't get a loan for a down payment,” says Valdes. Most unsecured personal loan lenders forbid their loans from being used for real estate, and most secured loans — like home equity loans or HELOCs — require you to already have a house you can put up as collateral.
How do I qualify for firstA prospective homebuyer must:. Be a first-time homebuyer.. Complete a homebuyer education course taught by an HPD-approved counseling agency.. Have their own savings to contribute to the down payment or closing costs.. Meet program income eligibility requirements.. What do you meant by down payment?A down payment is a sum of money that a buyer pays in the early stages of purchasing an expensive good or service. The down payment represents a portion of the total purchase price, and the buyer will often take out a loan to finance the remainder.
Which loan is best for firstAn FHA loan has lower down payment requirements and is easier to qualify for than a conventional loan. FHA loans are excellent for first-time homebuyers because, in addition to lower up-front loan costs and less stringent credit requirements, you can make a down payment as low as 3.5%.
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Down payment assistance programs offer grants and affordable loans
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