About Simi Valley's Simi Park

Right now, there are dozens of 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 like this property.

This newly-remodeled 4bd/2ba SIMI PARK pool home offers more than 1,200 sq. ft. of living space on a more than 8000 sq. ft. lot. This wonderful home features new kitchen cabinets, appliances and granite counters. The home has been freshly painted inside and out and has double pane windows with recessed lighting. There's a newer roof and new landscaping as well as a sparkling pool and spa.

But, there's more too. This SIMI PARK home is just minutes away from Rancho Simi Community Park and Pool as well as Berylwood Park and Citrus Park. This wonderful home is also just minutes away from the Arroyo bike trails.

The best thing about these homes are that they both qualify for the City of Simi Valley First-Time Home Buyer Assistance Program. Right now, homeownership affordability here in Simi Valley as well as Ventura county is the best it has been in years, maybe even decades.

For less than $1,500 a month (PITI), you could own this wonderful home. In this neighborhood, the rents for a home like this would run around $2,000 a month.

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 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:

For more info about this fantastic property, contact Chris Smith at 818.4341672 or www.housesbychris.com. For more info on how you can qualify for down payment assistance to purchase this home, contact me, Donne Knudsen of Cobalt Financial Corp, at 805.2069123 or donne4loans@earthlink.net.

Today's real estate market can be really scary, which is why it's important to get as much information as possible before starting your search. The pre-approval process is not a simple process and it's because it can get really complicated and convoluted, that borrowers today need affordable loan options that are best suited for their own needs.

ATTENTION SIMI VALLEY FIRST TIME BUYERS: Incredible SIMI PARK Home is Eligible for Down Payment Assistance

This SIMI PARK home located at 1607 Dakin St. with 4bd/3ba has nearly 1,600 sq. ft. of living space on a more than 8000 sq. ft. lot.

This home is not a short sale or an REO so there's no waiting around for some bank to approve your offer but an actual real live seller and Realtor who will respond to your offer in hours not days.

This great home has two master suites with fireplaces, walk-in closets and full bathrooms. There are also new windows and the home is move-in ready. Also, the backyard is huge and has a basketball court for the kids.

But, there's more too. This SIMI PARK home is just minutes away from both Rancho Simi Community Park and Sycamore Park.

But that's not the best part! The best part about this SIMI PARK home is that it's eligible for $136,000 in down payment assistance from the city of Simi Valley First Time Buyer Program.

As far as affordable housing programs go, the city of Simi Valley has one of the best down payment assistance programs I have ever worked with. For more info on their program, check out Simi Valley First Time Buyer Program, for program guidelines and requirements.

Basically, qualified low-medium income, first time buyers can purchase a four bedroom home up to $418,600 with as much as $200,000 in down payment assistance or a three bedroom home up to $349,300 with as much as $150,000.

The down payment assistance comes in the form of a "silent second" so you make no payments on it.

Not all active properties are eligible for the program because they do not meet the program guidelines for sales price and size. But guess what? This incredible SIMI PARK home is eligible. As of today, this property is still available which means you're not competing with a gazillion other buyers for the property.

For more info on this wonderful SIMI PARK home, contact Steve Szakos of Keller Williams Realty at 805.7601506 or at stepehenszakos@hotmail.com

For more info on how you can qualify for down payment assistance to purchase this SIMI PARK home, 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 this fantastic property your next home.