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City of Riverbank First Time Home Buyers Program

City of Riverbank First Time Home Buyers Program is a deferred second loan for homebuyers in Riverbank, California.

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Check if this fits me Official program site ↗

The program asks for

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD-approved homebuyer education
  • Sourced via Homebuyer Wallet (CA260153). Income limits per California HCD CDBG/HOME schedule (updated annually). Property must be located within City of Riverbank.
  • A home inside Riverbank city limits

It doesn’t cover

  • Homes outside Riverbank

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Where it applies

Riverbank’s homes

  • 84.7% single-family
  • 3.9% townhouse
  • 1.8% 2–4 units
  • 5.5% 5+ units
  • 4% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$463,200

Riverbank median home value

26.6%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Riverbank

How to apply

  1. Take a homebuyer education course

    Required by the program, through Required - HUD-approved homebuyer education.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Free course · 10 minCity of Riverbank First Time Home Buyers Program, explained

Questions about this program

What is City of Riverbank First Time Home Buyers Program?

City of Riverbank First Time Home Buyers Program is a deferred second loan for homebuyers in Riverbank, California. Gap-financing deferred loan to bridge what borrower can afford and home price; FHA / USDA RD / Fannie Mae / Freddie Mac / CalHFA compatible. Gap-finance deferred loan for first-time homebuyers in City of Riverbank (Stanislaus County). HCD CDBG/HOME-funded program supporting low- to very-low-income households. Funding comes from HCD (CDBG, HOME).

Do you have to pay it back?

City of Riverbank First Time Home Buyers Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by sale, refinance, or change of primary residence. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Riverbank First Time Home Buyers Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through Required - HUD-approved homebuyer education. Sourced via Homebuyer Wallet (CA260153). Income limits per California HCD CDBG/HOME schedule (updated annually). Property must be located within City of Riverbank.

What are the income limits?

City of Riverbank First Time Home Buyers Program sets its income limit as follows: Per HCD CDBG and HOME income limits, updated annually. Based on household size and combined income. Per HCD CDBG and HOME income limits, updated annually. Based on household size and combined income. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of Riverbank First Time Home Buyers Program can be used for Single-family, Condo, Townhouse, Manufactured (real property). Manufactured homes are eligible.

Where does it apply?

City of Riverbank First Time Home Buyers Program serves homebuyers purchasing in Riverbank, California.

How do you apply?

Applications for City of Riverbank First Time Home Buyers Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Riverbank homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 118 programs for Riverbank

Program terms are set by the administering agency and can change; confirm on the official site before you apply.