All funds for the First Time Home Buyers (FTHB) Down Payment Assistance Program are exhausted and are no longer available. Starting September 8, 2008, our office will no longer accept any new FTHB applications. We encourage everyone to please take advantage of our second homeownership program called the Mortgage Credit Certificate (MCC) program. To receive additional information about the MCC program please click here.
The Economic Development Agency (EDA) has a program called the First Time Home Buyer (FTHB) program which provides downpayment and closing cost assistance that will allow qualified families to purchase a home.
What is the First Time Home Buyer Down Payment Assistance Program (FTHB)? The Riverside County FTHB Program is designed to provide assistance to lower income persons in the purchase of their first home. Assistance may be provided for the downpayment in the purchase of a home. The amount of assistance available depends upon the buyer’s qualifications and the price of the home.
In general, a buyer may only receive what they need, up to 20 % of the purchase price of the home. What is the First Time Home Buyer Closing Cost Assistance Program? The Riverside County FTHB Program is designed to provide closing cost assistance to lower income persons in the purchase of their first home. Assistance may be provided for the closing costs associated with the purchase of a home. The amount of assistance available depends upon the buyer’s qualifications and the price of the home. In general, a buyer may only receive what they need, up to a maximum of $2,000 in non-recurring closing costs.
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