American Riviera Bank is proud to continue as an approved participating lender in the Federal Home Loan Bank’s (FHLB’s) Middle-Income Downpayment Assistance grant program for 2026. Through this program, qualified homebuyers can receive up to $50,000 in down payment assistance, helping to make the dream of homeownership possible for more local families and individuals.
Down payments and closing costs remain two of the biggest barriers to homeownership. As home prices and interest rates have risen, many middle-income households have found it increasingly difficult to purchase a home. This program was created to help bridge that gap and put sustainable homeownership within reach for middle-income households.
It stands apart because it offers an outright grant. They are not loans. Rather, they are designed to be forgiven if you occupy the home as your primary residence for a specific duration.
Borrowers need to meet the program requirements, contribute at least $10,000 of personal funds (or a gift from an acceptable donor), and qualify for a mortgage through one of the participating lenders.
To qualify applicants must:
2026 example of income limits for a four-person household:
Funds are limited and distributed on a first-come, first-served basis until the grant funds are depleted, so qualified applicants are encouraged to apply as soon as possible.
If you think you may qualify, contact our residential lending team today at (805) 730-4987 or click the button below to get started.
American Riviera Bank is here to help you take the first step toward homeownership with local guidance, personalized service, and a possible $50,000 head start.
