SIMI VALLEY HOMES ELIGIBLE FOR DOWN PAYMENT ASSISTANCE: Up to $200,000 in Down Payment Assistance

Right now, there are 46 4bd properties in Simi Valley that are eligible for up to $200,000 in down payment assistance.  Many of these properties are not REO's or short sales but actual equity sales with really motivated sellers and are NOT like all the other run-down, dilapidated dumps you've been seeing.  Many have been remodeled and/or upgraded like these properties. 

 

 

A beautiful, remodeled, pool home in a quiet neighborhood that's priced to sell.  This 4bd/2ba home features new cabinets, new appliances, new granite counters, new carpet, new paint inside and out, double pane windows, smooth ceilings, recessed lighting, new slider, newer roof, new landscaping, sparkling pool and spa, huge lot and a quiet street.

 

 

Gorgeously remodeled 4bd/2ba home has new dual paned windows, new garage door, new kitchen cabinets, granite counters, stainless appliances, fresh interior & exterior paint, all new flooring from the hand scraped hardwood floors to new carpet in the bedrooms.  New tile in the bathrooms with new vanities and custom tiled showers with all new fixtures.  New sprinklers front & back along with all new sod, timers and landscaping.  This home is move-in ready.

 

 

This Entertainers Pool Home is remodeled and offers gourmet chefs kitchen with granite slab counters, stainless steel appliances, new custom cabinets, granite island, recessed lighting, crown molding and new flooring.  There are also remodeled bathrooms, new wood blinds and new paint inside and out.  The backyard offers a huge private pool and spa with a custom new romantic gazebo, new sprinkler system and professional landscaping.

 

 

 

This home is in excellent condition with travertine tile in most rooms and new double pane windows.  Remodeled kitchen with granite counter tops, family room with custom built in book shelves.  Beautiful pool sits on a lot of more than 10,000 sq. ft.  The seller is also offering a two year home warranty.

 

 

Beautiful remodeled home on sprawling corner lot.  This home has a new kitchen with new cabinets, new granite slab counters and new appliances.  Home has remodeled bathrooms with granite counters, new flooring and paint.  Smooth ceilings with recessed lighting and new flooring and carpet throughout.  There is to much to list.  A must see!

 

 

The best thing about these homes is that they all qualify for the City of Simi Valley First-Time Home Buyer Assistance Program.  This program is specifically geared for the low-medium income first-time homebuyers who wish to purchase their first home in Simi Valley. 

I like this program because the Simi Valley city administrators for this program are not only the easiest ones to reach but they are also some of the friendliest ones to talk to and deal with. 

 

The property may be a detached or an attached single-family home, a condominium, or a town house.  The program is available to those who have not owned a home in the last three years.  Single parents who owned a home while married and displaced homemakers may qualify even if they owned a home in the previous three years. 

• Program eligibility will be based on total household income, a housing cost ratio not to exceed 35%, and a debt-to-income ratio not to exceed 45%.
• The primary loan must be a fully amortized loan.  No interest only loans for the first trust deed.
• Buyers must occupy the unit as their primary residence.
• A portion of the proposed $50,000 per bedroom subsidy may be used for necessary repairs to bring the property into compliance with the City's Housing Quality Standards (HQS). 

The maximum home price and City subsidy limits appear below: 

# Bedrooms	Maximum Market Purchase Price	Per Bedroom Subsidy Limits	Maximum Affordable Sales Price
1	$206,700	$50,000	$156,700
2	$280,900	$100,000	$180,900
3	$349,300	$150,000	$199,300
4	$418,600	$200,000	$218,600

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

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.