VCCDC update for Sept. 29

September 29, 2017
September 2017
From House to Home Client Highlight
For Aimee Shapiro her new home is more than just a place it’s the feeling of freedom, independence and peace. Homeownership wasn’t something that Aimee, a single mother of two boys, thought she would ever achieve. After her divorce she moved in with her parents to make ends meet and did not have homeownership on her mind. One day when walking around her neighborhood she noticed an open house sign and decided to check it out. There she met VCCDC Realtor, Tanya Reyes, who told her about VCCDC’s programs and services. After hearing about the opportunity to purchase this home, Aimee felt like it was worth a shot, “it seemed like the right time to do this for me and my sons. The pieces were falling into place and the time was right.”
Community Matters Partner Highlight
The work of VCCDC is made possible by organizations and charitable foundations who appreciate our work and want to see it continue. We are very grateful to our grantors for this funding. Their support is critical in helping us continue our mission of empowering families and individuals through education and homeownership.
Thank you to the Bank of America Charitable Foundation for awarding VCCDC a $20,000 grant to support our Changing Lives through Homeownership Education & Counseling Program!
Thank you to Rabobank for awarding VCCDC a $10,000 grant to
support our Changing Lives through Homeownership Education &
Counseling Program
Upcoming Events
Most people turn to a family member, friend, or Google to get answers to their homebuying questions and although most advice is well intended it doesn’t mean it’s correct! Don’t take chances with one of the biggest investments you’ll make in your life!
Get your information directly from the experts in the industry!
What do you get by attending VCCDC’s Homebuyer Workshop?:
  • High quality curriculum delivered by Certified Homeownership Specialists in a no-pressure, questions-welcomed setting
  • Course is approved by the U.S. Department of Housing & Urban Development (HUD)
  • Up to date information on credit, budgeting, down payment assistance programs, 1st-time homebuyer loan programs, escrow & title, and more!
  • Information from industry experts in the fields of insurance, mortgage lending, and real estate
  • Homebuyer Education Certificate – required for most down payment assistance programs and some loan programs (given upon request)
  • Plus free lunch! (who doesn’t love free food?!)
All of this at NO COST to you – value of over $100!
Upcoming Workshops
Saturday, December 9 @ VCCDC Homeownership Center
Time: 8:30am to 4:30pm
Can’t attend our onsite Homebuyer Education Workshop?
VCCDC makes it easy for you to get the benefits of our Homebuyer Education Course from the comfort of your own home!
How do you get started?:
  1. Go to
  2. Create your profile and submit payment
  3. Complete course at your own pace – you can access the course 24 hours a day, 7 days a week, wherever internet is available
  4. VCCDC gets notification of your course completion & emails your certificate the day you complete your course – if course is completed outside of our business hours, certificate will be emailed the following business day
Cost: $99 per household (maximum of 2 per household)
If you take this course to meet your mortgage loan and/or down payment assistance requirements, please ask your loan officer and/or down payment assistance provider if an online Homebuyer Education course will meet their requirements before submitting your payment for the course.
News & Announcements
Did you know VCCDC has up to $30,000 in down payment assistance available to assist you with the purchase of your first home! Plus we have loan products that require as little as 3% down payment without the cost of private mortgage insurance!
Some of the programs we offer:
  • Up to $15,000 in assistance
  • Can be applied to down payment and/or closing costs
  • CalHome loans are deferred (i.e. requires no payments) for 30 years with an interest rate of 3%
  • Borrower must repay the loan (plus the accrued interest) upon resale of the home, refinancing or loan maturity.
  • Minimum 1% of borrowers own funds required
  • For low income homebuyers – up to 80% Area Median Income
  • Can be combined with other down payment assistance programs
  • Other criteria and requirements apply
  • Up to $15,000 in assistance
  • Can be applied to down payment and/or closing costs
  • Matching up to $3 for every dollar contributed by the homebuyer, toward the purchase of their first home
  • For low income homebuyers – up to 80% Area Median Income
  • Can be combined with other down payment assistance programs
  • Other criteria and requirements apply
HomeWealth Program
  • Purchase with as little as 3% down
  • For purchase and refinance transactions – up to 97% financing
  • No private mortgage insurance
  • Lower fees versus traditional loan programs
  • Alternative non-traditional credit considered
  • Not limited to first-time home buyers
  • For low-to moderate-income buyers – up to 120% Area Median Income
  • Use of down payment assistance programs is allowed
  • Other criteria and requirements apply
Request a free Home Loan Consultation to find out if you qualify for our Down Payment Assistance Programs and/or Mortgage Loan Products.
If you are a homeowner going through a financial hardship you may be eligible for up to $100,000 in mortgage assistance with the Keep Your Home California (KYHC) Program.
Overview of Programs:
Unemployment Mortgage Assistance (UMA) Program
The UMA Program provides mortgage payment assistance to eligible homeowners who have experienced an involuntary job loss and are receiving California EDD unemployment benefits. Benefits can last up to 18 months and/or up to $54,000 of assistance.
Mortgage Reinstatement Program (MRAP)
The MRAP Program provides assistance to eligible homeowners who, because of a financial hardship, have fallen behind on their payments and need help to reinstate their past due first mortgage loan. Up to $54,000 in assistance principal, interest, taxes and insurance, as well as any homeowner’s association dues.
Principal Reduction Program (PRP)
The PRP Program provides assistance to eligible homeowners who owe more on their mortgage than their home is worth and/or have an unaffordable payment. Homeowners must have experienced an economic hardship or a severe decline in their home’s value in order to be considered. Up to $100,000 in assistance.
Transitional Assistance Program (TAP)
The TAP Program provides one-time funds to help eligible homeowners relocate into a new housing situation after executing a short sale or deed-in-lieu of foreclosure program. Up to $5,000 in transition assistance per household.
Contact us to schedule an appointment for KYHC eligibility:
Or send us an appointment request below
Our Mission:
“To strengthen and sustain vibrant communities by empowering and enabling low-to-moderate income individuals and families to build wealth through education and homeownership with a primary focus on serving low-to-moderate income clients”.
2231 Sturgis Road, Suite A
Oxnard, CA 93030
Monday – Friday
9:00am to 6:00pm
Phone:(805) 273-7800
Fax: (805) 604-1359

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