Thank you for your interest in our Down Payment Assistance Program. The City of Riverside was awarded a CalHOME Grant from the State of California Department of Housing & Community Development. This grant provides first-time homebuyers with purchasing assistance up to $50,000 in the form of an interest-free, deferred loan. As of January 2017 funds are still available. Please contact a lender from our approved Lender List below in the Program Documents box to get started.
|Program Income Limit|
In order to qualify for the DPA Program, the following must be met:
CalHome funded down payment assistance loans are now interest free! The loans require no monthly payments. Repayment is deferred for 30 years, unless the borrower sells, transfers, refinances or converts the home to a rental property.
Maximum Down Payment Assistance
The maximum amount of assistance cannot exceed $50,000 or 25% of the sales price, whichever is less.
3900 Main Street 3rd Floor
Riverside, CA 92522
Phone: (951) 826-5371
|Monday - Friday||7:30 am - 5:00 pm|
|Closed Major Holidays|