Tacy Nichols

Tacy Nichols
Mortgage Consultant
Southern California
DRE License # 01144923

(909) 376-1334

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Down Payment Assistance

County of Riverside

The Primary objective of the First-Time Home Buyer (FTHB) Program is to provide assistance to lower-income persons in the purchase of theri first home.

Type and Amount of Assistance

• The FTHP Financial assistance can be provided as down payment assistance and/or closing costs assitance.
• The minimum amount of assitance that may be provided is $1,500 and the maximum is $75,000 per home purcahse.
• Provide up to 20% of the purchase price for down payment assitance.
• The down payment assistance is provided in the form of a silent 2nd loan.
• This fiscal year (07/08) closing cost assitance is very limited. Assistance will be provided for non-recurring closing costs until funds are exchausted. Once exhausted, $1,500 will be proficed toward closing costs.
• The closign cost assistance is provided in the form of a grant.

Charcateristics of the Homebuyer

The program will be available to anyone who has

• not owned a home in the last 3 years, or who qualifies as a displaced homemaker or single parent:
• has an annual income that is not greater than 80% of the area median income:
• is purcahsing a home in Riverside County (qualifying areas only)

additional considerations

Please contact me (Tacy Nichols) for complete information:

• Properties must qualify for the program...
• First Trust Deed loan restrictions do apply...
• Home buyer education is required (as approved by the EDA: Economic Development Agency )

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Please call me to discuss your needs, goals and even your crisis. The home market is a very different place today. With 18 years in the business, I have the answers and the resources to get the job done.

Have a blessed day.
Tacy Nichols, Mortgage Consultant, (909) 376-1334