A recent Realtor.com report revealed that 20% of Americans believe homeownership is unattainable—maybe you feel the same way. With rising inflation and increasing everyday expenses, saving for a down payment and securing affordable mortgage options in Conejo Valley can feel overwhelming. But here’s the good news: buying a home in Westlake Village, Thousand Oaks, Agoura Hills, Simi Valley, or Newbury Park is still possible—even if you don’t have a large savings account or a perfect credit score.

Two Ways to Buy a Home in Conejo Valley with a Small Down Payment

Whether you’re a first-time homebuyer in Thousand Oaks, relocating to Westlake Village, or downsizing in Agoura Hills, there are programs designed to help you. Let’s explore two of the best solutions to make homeownership more affordable in today’s market.

1. FHA Loans: A Popular Choice for First-Time Buyers

If your credit score is below 700 or you don’t have 20% saved for a down payment on a home in Simi Valley, an FHA loan could be the solution. According to the U.S. Department of Housing and Urban Development (HUD) and Bankrate, FHA loans offer:

✅ Lower Down Payment Requirements – As low as 3.5% of the home’s purchase price, making homeownership more accessible.
✅ Flexible Credit Score Standards – FHA loans are designed for buyers with credit challenges who may not qualify for a conventional mortgage in Newbury Park.

Tip: The first step to qualifying for an FHA home loan in Conejo Valley is speaking with a trusted lender who can review your financial situation.

2. Homebuyer Assistance Programs: More Savings, More Opportunities

Did you know there are over 2,000 homeownership assistance programs available in the U.S., according to Down Payment Resource? More than 75% of these programs offer help with down payments, making them a great option for first-time buyers in Agoura Hills and Westlake Village.

Here’s why these programs are a game changer:

💰 Down Payment Assistance – Eligible buyers receive an average of $17,000 in financial aid.
📈 Stackable Benefits – You may qualify for multiple programs, further reducing out-of-pocket costs.

Rob Chrane, CEO of Down Payment Resource, shares this little-known fact:

“Some of these programs can be layered. In other words, you may not be limited to just one program.”

What’s Your Next Step?

If you’re ready to stop renting in Conejo Valley and start exploring affordable homeownership options in Thousand Oaks, Westlake Village, or Simi Valley, let’s talk. Lydia Gable Realty Group works with top lenders who specialize in low-down payment mortgage options, FHA loans, and first-time homebuyer programs.

📩 Message us today to learn how we can help you make your homeownership dream a reality in Conejo Valley! 🚪🔑🏡