by Scott Schang
April 27, 2008
PROGRAM SUMMARY
The Economic Development Agency (EDA) has a program called the First Time Home Buyer (FTHB) program which provides down payment 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 [...]
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by Scott Schang
April 27, 2008
The 30-year amortized loans will have an interest rate approximately 1% below the market rate for first mortgages. (Current second mortgage rate is 5%.) The OCHT will work with a variety of financial institutions to provide the first mortgages and allow additional subsidies from city, county and state government or other programs that the borrower [...]
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