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First Time Home Buyer Program
Program Update

 FTHB Funds are now available 

The FTHB Program has received its funding for the Fiscal Year 2013-2014.   Program applications are now being accepted as of October 10, 2013.  Applications will be accepted until funds are exhausted.

 

Attention Qualified Lenders: Training- For Current EDA Approved Lenders

Attention LendersAdd on Exhibit A

FTHB funds will be available for reservation in October 2013.  Funds are reserved on a first come, first served basis until the allocation is exhausted.

We encourage everyone to also take advantage of the EDA's homeownership assistance called the Mortgage Credit Certificate (MCC) program. 
 

The Economic Development Agency (EDA) has a program called the First Time Home Buyer (FTHB) program which provides down payment 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 down payment 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?
Closing cost assistance is not currently available.

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