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 buyers qualifications and the price of the home. In general, a buyer may only receive what they need, up to a maximum of six percent (6%) of the purchase price or $10,000, whichever is greater. 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 buyers 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. Who qualifies for the FTHB Program? The three
