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4th District First Time Home Buyer

Down Payment Assistance Program

The Riverside County American Rescue Plan Act First Time Home Buyer Down Payment Assistance Program (ARPA FTHB) is designed to provide assistance to low to moderate income persons in the purchase of their first home. Assistance may be provided for the down payment on the purchase of a home.

Program Highlights:

  • Provides down payment assistance for low to moderate income households
  • Provides up to 20% down payment for the purchase of a home (maximum of $100,000) of which $10,000 can be used towards closing costs.
  • Lower monthly mortgage payment
  • A silent second mortgage with no payments or interest
  • 15-year county lien - The loan is forgiven after inhabiting the home for 15 years

Homebuyer Qualifications:

  • First-time home buyer
  • Must qualify for the first mortgage loan with an approved lender. View approved lender list.
  • Home must be located within the Fourth District:
    • Blythe, Cathedral City, Coachella, City ofDesert Hot Springs, Indian Wells, Indio, La Quinta, Palm Desert, Palm Springs, Rancho Mirage, or a 4th District Unincorporated Area.  View 4th district map.
  • U.S. Citizen or Qualified Resident
  • Gross income of 120% or less of the median income (see chart below)

 

MAX ANNUAL HOUSEHOLD INCOME - Effective: July 1, 2024
12345678
$81,90093,600105,300117,000126,350135,700145,100154,450
PURCHASE PRICE LIMITS 2024 - 2025
New Construction Single-Family$527,193
Existing Single-Family Residence$527,193
New/Existing Condo or Townhouse$536,750
Manufactured Home$306,850

To apply,
email fthb-programs@rivco.org
or
call (951) 955-0784.