First Time Home Buyer Program

Virtual First Time Home Buyer Workshop

The City of Moorpark is proud to present our first ever virtual First Time Home Buyer Workshop. Largely due to COVID-19, we changed the previous in-person workshop to a virtual workshop to allow the public to gather the information normally presented in an in-person workshop, from the safety and comfort of their home, office or really anywhere. The links below will take you to a video which outlines the most important information about participation in the program, qualification for loan and the restrictions that apply to homes in the program. The virtual workshop replaces the in-person workshop the City traditionally hosted, but otherwise will include all of the same information. A "Frequently Asked Questions" is coming soon.

Step 1 - Watch the First Time Home Buyer Workshop Video

First Time Home Buyer Workshop (English)
Programa para Compradores de Vivienda por Primera Vez - Taller Virtual (Spanish)

Step 2 - Complete a Post Workshop Quiz

First Time Home Buyer Workshop Pre-Qualification Quiz (English)
Cuestionarios de Precalificación para Compradores de Vivienda por Primera Vez (Spanish)

If you fail to pass the quiz with an score of 80% or greater, you will need to open a new quiz window and start from the beginning. Scores are provided immediately after the quiz responses. If you have issues with the quiz, please contact us at housing@moorparkca.gov.

Step 3 - Receive Workshop Certificate

Once you successfully complete the workshop and quiz (score 80% or more), we will email you a certificate that you are pre-qualified to apply for available homes in the program for at least one year or until the program or workshop is updated. This certificate will be emailed to the participants within 4-5 business days after completing a successful quiz.

When a home is available for sale in this program, you will be informed of an opportunity to apply via email. If units are currently available, they will also be listed below.

Step 4 - Apply

When a home in the program becomes available for purchase, the City will send out notifications to anyone on our interest list or with a certificate of the opportunity to apply for a home. Applications will only be made available to participants that have completed a workshop and received an up to date certificate. Applications will be emailed to those that have completed Steps 1-3 above. To apply, you must also pay a non-refundable $100 application fee. The application will require that you provide a loan pre-qualification letter, income supporting documents, tax records and other details about your households size and income. Specific application details will be provided with the application materials.

Step 5 - Lottery

Once the application period for a home(s) closes, usually within 30 days of the initial notifications, the City will ensure that applications are complete and meet the basic requirements for the home(s) available at the time. This may take several weeks to complete. Following review of all of applications, the City will hold a lottery to place applicants in order of their ability to buy a home. Three lottery drawings are held; giving first priority to those living in Moorpark, second priority to those working in Moorpark and third priority to all other applicants.

Step 6 - Sales Agreement and Mortgage Qualification

Once a lottery list is assembled, those at the top of the list will have the first opportunity to buy a home. The potential buyer will need to complete one pre-purchase educational class before they can complete the purchase of the home. This can take 2-6 months, depending on the specific home, the mortgage market and the agreement between the buyer and seller. Once the purchasing process nears closing, the City will require that the buyer and seller complete certain documents to comply with the program.

Step 7 - Move-in

Once the property closes escrow, the buyer will move into the home. The program requires that the buyer complete certain educational requirements post-purchase and complete occasional compliance verification with the City.

Frequently Asked Questions - Coming Soon!

Due to COVID-19, the normal in-person workshop has been modified to a pre-recorded video. To replace the question and answers section of the workshop, we are preparing a list of common questions that come up at the workshops. If you have specific questions or situations you would like to discuss, please email or call us at the contact info at the bottom of the page.

What documents do I need to provide? If you are unsure about what to provide as proof of residency, income, or asset, please refer to our list of documentation here.

Available Unit(s)

Currently, we are advertising the sale of one unit in the Program. The specific unit address will be provided to the potential buyer, following the lottery. Until then, the following general information is available.

Neighborhood	Unit Type	Income Limit	Max Sales Price	Bedroom(s)	Bathroom(s)	Parking	Size	HOA Monthly Dues
Waverly Place Unit Images	Attached Condo	Low	$230,000	3	2	2 garage spaces	1,189 sq. ft.	$240

Application Dates:

Applications Window Opens: October 2, 2020

Application Window Closes: November 2, 2020 4pm

Lottery: tentatively scheduled 2-4 weeks after close of application window

*City Hall is closed to the public, except by scheduled appointments. Applications can be submitted by mail or delivered in person if an appointment is scheduled.

General Requirements of the Program

The most important qualification for the program is the specific income limits for a particular unit. When a unit becomes available, the income limitations will be posted as Very Low, Low or Moderate. Applicants must attend a mandatory workshop and must not have owned a home, mobile home, townhouse, condominium, or been on title for any property (such as being a co-signer) for the last seven (7) years. Applicant must have good credit. Preference is given to Moorpark residents. Pre-screening applications will be given to participants at the end of each workshop. The pre-screening application will determine if a buyer is eligible to participate in the next lottery. Income limits and deed restrictions will apply. A $100 non-refundable application fee is required.

Income Eligibility Limits

Listed below are the 2020 income eligibility limits for moderate, low, and very low income families:

Number in Household	Moderate Income	Low Income	Very Low Income
1 person	$63,251 - $82,150	$39,551 - $63,250	$23,701 - $39,550
2 persons	$72,301 - $93,900	$45,201 - $72,300	$27,101 - $45,200
3 persons	$81,351- $105,600	$50,851 - $81,350	$30,501- $50,850
4 persons	$90,351 - $117,350	$56,451 - $90,350	$33,851 - $56,450
5 persons	$97,601 - $126,750	$61,001 - $97,600	$36,601 - $61,000

Policy Resolution 3.5: First-Time Home Buyer Affordable Housing Program

Periodically, the City will make available for sale one or more attached or detached dwelling units to very low, low, or moderate income persons/households as further defined below as part of its First-Time Home Buyer Affordable Housing Program (Program). This policy sets forth the primary criteria for eligibility for participation in said Program and determining priority for participant selection.

Policy 3.5 (English) Política 3.5 (Español)

First Time Home Buyer Program List of Documentation

Additional Information

If you would like to be added to our list of interested parties and be notified of future workshops by EMAIL, please email Housing (click here), and provide your name and telephone number.

Workshop notifications are made by email ONLY.