City of Port Hueneme

City of Port Hueneme First Time Home Buyer, Down Payment Assistance Program

October 29, 2009

Down Payment Help

Updated 3/6/09: I called today, funding is available
For most applicants, down payment assistance is provided in the form of a secured subordinate mortgage with contingent, deferred interest in the form of an equity share in the property. Loan proceeds may only be used toward the purchase of a single family home, condominium, or townhome located [...]

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City of Port Hueneme’s Mortgage Credit Certificate (MCC) Program

October 28, 2009

Down Payment Help

MORTGAGE CREDIT CERTIFICATE PROGRAM
Port Hueneme is a participating jurisdiction in the Ventura County Regional MCC Program. The MCC Program is targeted to low and moderate income first time home buyers. The MCC is a tax credit that increases the amount a buyer can qualify to borrow and increases the buyer’s take-home pay by reducing federal income [...]