As far as affordable housing programs go, the city of Simi Valley is one of my favorite programs I have ever worked with.  For more info on their program, check out  CITY OF SIMI VALLEY - First Time Home Buyer Program, for program guidelines and requirements. 

Basically, qualified low-medium income, first time buyers can purchase a four bedroom home up to $414,000 with as much as $200,000 in down payment assistance or a three bedroom home up to $345,000 with as much as $150,000 in assistance or a two bedroom home up to $267,700 with as much as $100,000 in assistance. 

The down payment assistance comes in the form of a "silent second" so you make no payments on it for as long as you hold the loan.  In other words, you don't have to pay it back until you sell or refinance the home. 

Not all active properties are eligible for the program because they do not meet the program guidelines for sales price and size.  However, there are quite a few fantastic homes that will qualify for the program and as of today are not in escrow and do not have any other offers on them, which means you may not have to compete with a gazillion other buyers for the home. 

These homes are also not REO's or short sales (real live equity sales) and you won't have to wait for some insufferable bank to get back to you on your offer but rather a real live seller and Realtor who will respond to your offer in 24hrs. 

For example, this really great Stonegate property located at 1003 Crosby Ave. is a 4bd/2ba home with nearly 1,600 sq. ft. of living space on a large corner lot of more than 7,200 sq. ft. with lots of fruit trees surrounding the property.

Don't worry about having to do a bunch work either because the seller is painting and preparing this to be move in ready and a fast escrow. 

This incredible STONEGATE home is located in one Simi Valley's prime areas and is walking distance from both Sycamore Park and Berylwood Park.  The best part, this wonderful home is also available for $161,000 in down payment assistance from the City of Simi Valley.

There is also a fabulous VALLEY VISTA property located at 2109 Magnolia St. that is a 3bd/2ba home with nearly 1,100 sq. ft. of living space on a great lot of more than 6,300 sq. ft.

You also don't have to worry about having to update this incredible home after you close escrow because the seller has already done it.  The newly remodeled home has a new kitchen with new cabinets and counters and flooring.  The home has been repainted with new carpet and a new roof, driveway and porch. 

This fantastic VALLEY VISTA home is also walking distance from Rancho Simi Park.  The best part, this wonderful home is also available for $130,000 in down payment assistance from the City of Simi Valley.

Both of these wonderful homes are also just minutes away from the both the Arroyo equestrian center and the Arroyo bike trails.  For more info on either one of these homes, contact Maria Nolan of Century 21 Hilltop at 805.5227789 or mariaforre@adelphia.net

For more info on how you can qualify for down payment assistance to purchase these SIMI VALLEY homes, contact me, Donne Knudsen of Cobalt Financial Corp, at 805.5278554 or info@donne4loans.com 

Today's real estate market and lending environment can be really scary, which is why it's important to get as much information as possible before starting your search.  Finding out more about affordable home loan options and getting pre-approved is an absolute must.

 The pre-approval process is relatively simple so contact me today to get pre-approved for this incredible program and make one of these fantastic properties your next home.