This program provides downpayment assistance of up to 20% of the purchase price in the form of a silent (deferred payment) loan to low-income first-time homebuyers purchasing in participating cities and unincorporated areas of Riverside County. After the homebuyer resides in the home for 15 years, the loan is forgiven.
Homebuyer Requirements
- Must be a first-time homebuyer
- Must meet household income limits
- No minimum buyer contribution
See Program Summary for more details
Income Limits
Maximum combined household income for all adults over 18 years old must not exceed the following:
|
Household Size |
Income |
|
1 |
$37,300 |
|
2 |
$42,650 |
|
3 |
$47,950 |
|
4 |
$53,300 |
|
5 |
$57,550 |
|
6 |
$61,850 |
|
7 |
$66,100 |
|
8 |
$70,350 |
Eligible Areas
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