Riverside County Down Payment Assistance Programs
County of Riverside
- 2 programs with the county (one is for foreclosed homes and the other regular sales).
- The money is forgiven after the affordability period, restrictions apply.
- No down payment requirement, clients usually come in with 1% total.
County of Riverside MCC
- Dollar for dollar tax credit on the interest paid on the home.
- Helps buyers qualify for a higher purchase price.
NHSIE Neighborhood Lift
- Up to $7,500 Grant that can be used for additional down payment.
- Home must be located in Riverside or San Bernardino County.
- For Moderate or Low income families.
- ALSO AVAILABLE FOR San Diego County
NPHS Opportunity Down Payment Loan assistance in 2024
- Up to $10,000 loan that can be used for additional down payment.
- Home must be located in Riverside, San Bernardino, or East Los Angeles County. ? For Low-income families.
- 5 year deferred, then start making payments at 25 year term with 3% interest
WISH (Currently only for LA and Orange Counties)
- Up to $15,000 for down payment of closing costs.
- Grant that is forgiven after 5 years.
- It is a 3 to 1 matching program borrower needs to contribute $5,000 to receive $15,000.
