Down Payment Assistance
NPHS offers a variety of down payment assistance programs for residents living in the Inland Empire. These down payment assistance programs are giving families opportunities to fulfill their dream of home ownership. While serving low and moderate-income families, NPHS offers deferred loans which dramatically reduce monthly mortgage payments. At this time we have the following programs available:
City of Chino Down Payment Assistance Program
The City of Chino is participating in the federal Neighborhood Stabilization Program (NSP) and is using these funds to acquire, rehabilitate and resell foreclosed single family homes throughout Chino. All of the homes in this program are rehabilitated and sold to eligible buyers. The City of Chino is offering Down Payment Assistance for these properties. Please click on the following link for more information about the program and eligibility requirements:
City of Chino Down Payment Assistance-Click Here
Ontario “Open House” Down Payment Assistance Program
The Ontario OPEN House Program is a down payment program funded with federal HOME American Dream Downpayment Initiative (“ADDI”) and local redevelopment housing set-aside funds. The program is designed to increase homeownership rates and revitalize neighborhoods. The program is being administered by NPHS and the guidelines are as follows:
- The maximum loan amount is 6% of the purchase price. Costs associated with obtaining a loan will be deducted from loan proceeds.
- The maximum combined Loan to Value is 100% and includes all loans and encumbrances placed on the property.
- The assistance will be provided in the form of a 45-year, zero percent, deferred payment, loan with an equity share component.
- The purchase price can not exceed the area median purchase price for San Bernardino County (Call for current limit)
- Homebuyer must complete NPHS’ 8-hour homebuyer education class
- All applicants must have a combined household annual income at or below 80% of San Bernardino County’s area median income (adjusted by household size). See below:
1 $36,400 5 $56,200
2 $41,600 6 $60,350
3 $46,800 7 $64,500
4 $52,000 8 $68,650
Ontario “Open House” Brochure-Click Here
Rialto Homebuyer Assistance Program
City of Rialto DPA – Offers up to 10% of the purchase property in down payment assistance to households that are at or below 120% of the Average Median Income and are purchasing a property located in the City of Rialto. Please click on the following links for information regarding the Rialto Homebuyer Assistance Program:
Rialto Homebuyer Assistance Program Brochure
List of Available Rialto Properties
Hemet Homebuyer Assistance Program
City of Hemet DPA – Offers up to $30,000 in down payment assistance to households that are at or below 120% of the Average Median Income and are purchasing a property located in the City of Hemet. Please click on the following links for information regarding the Hemet Homebuyer Assistance Program:
City of Hemet Homebuyer Assistance Brochure-Click Here
Hemet Available Properties-Click Here
Attention Lenders and Agents:
When submitting a packet or inquiring about the program please e-mail us, as that is the best and fastest way. The timeline for the pre-qualification is three (3) days once we have a complete file. Times will increase if paperwork is not received and thus the time has stopped.
All packets and supporting documentation should be sent to Omar@nphs.info