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First Time Homebuyer Program

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First Time Homebuyer Program Downpayment Assistance Program

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The First Time Homebuyer Down Payment Assistance Program (FTHB) is designed to promote home ownership for low income, first time homebuyers. Down payment assistance is in the form of a deferred loan ("silent second mortgage"), not due and payable until sale or transfer of property.

Maximum assistance will be in the amount of $75,000, or 50% of the purchase price, whichever is less.

Income and Maximum Purchase Price Limits

Eligible participants must have annual incomes at or below 80 percent of the median income for Riverside County adjusted for family size, and must not exceed the State's maximum home purchase price.

*Additional questions or information, please call (760) 398-3502 ext 119 or e-mail: ppanpradith@Coachella.org