Ohio Down Payment Assistance Programs

Ohio Down Payment Assistance Programs - Ohio Down Payment Assistance


Ashtabula County Community Housing Improvement First Time Homebuyers Assistance Program (FTHB)
6,000. (440) 576-3853
Athens Home Ownership Made Easier Program (HOME)
$10,000 (740) 592-3342
Cincinnati Metropolitan Housing Authority Hope VI Subsidy
$112,275 (513) 977-5729
Cincinnati The Home Ownership Center of Greater Cincinnati Inc Empowerment Zone Downpayment Assistance Program (DAP)
$2,500 (513) 961-2800
Cleveland Neighborhood Housing Services of Cleveland Inc Downpayment Closing Cost Assistance Loan (DPCCAL)
$25,000 (216) 361-0516
Cleveland, Action to Support Housing Second Mortgage Assistance Program (SMAP)
$20,000 (216) 621-7350
Columbus School District Columbus Neighborhood Housing Servies Inc. Downpayment Assistance Program (DAP)
$2,000 (614) 224-3603
Dayton Citywide Building Finance Corporation Neighborhood Lending Down Payment Assistance Program (NLDPAP)
$3,000 (937) 226-0457
East Cleveland Home Ownership Program (HOP)
$3,700 (216) 681-2404
Franklin County Columbus Housing Partnership Down Payment Assistance Program
$3,000 (614) 221-8889
Franklin County Down Payment Assistance Program (DPAP)
$5,000 (614) 221-8889
Hamilton County Greater Cincinnati Mortgage Counseling Service American Dream Accounts Programs (ADAP)
$2,500 (513) 948-8820
Hamilton County HOME Program (HCHP)
$25,000 (513) 946-4481
Hancock County First Time Home Buyer Grants Program
$6,000 (419) 424-7094
Kettering First Time Homebuyers Program (FTHP)
$2,500 (937) 296-2401
Lancaster Homebuyer Acquisition Assistance Program (HAAP)
$5,000 (740) 687-6663
Madison County Community Housing Improvement Program (CHIP)
$33,000 (614) 445-8373
Mansfield Homebuyer Assistance Program (HAP)
$10,000 (419) 755-9793
Massillon Homebuyers Assistance Program (HAP)
$6,250 (330) 830-1717
Montgomery County - County Corp Lease Purchase Program (LPP)
$5,000 (937) 225-6328
Montgomery County - County Corp. Downpayment Plus Program (DPP)
$2,500 (937) 225-6328
Morgan / Washington Counties Community Housing Improvement Program (CHIP)
$4,000 (740) 373-6623
Multi Counties Better Housing League of Greater Cincinnati/Ohio Trust Fund Gift Program (GIFT)
$2,000 (513) 721-6855
Multi Counties Rural Opportunities Inc First Time Homebuyer Program (FTHP)
$2,500 (330) 821-4740
Multi County Greater Cincinnati Mortgage Counseling Service Downpayment Assistance Program (DAP)
$2,000 (513) 948-8820
Ohio North Fairmont Community Center Grant Program
$1,000 (513) 921-5842
Ohio Three Rivers Housing Corporation Downpayment Assistance Program (DAP)
$40,000 (740) 797-7139
Shaker Heights Neighborhood Revitalization Department Funds for the Future of Shaker Heights Program (FFF)
$12,000 (216) 491-1330
Sidney Community Housing and Improvement Program (CHIP)
$5,700 (419) 352-7537
Springfield Home Purchase & Rehabilitation Incentive Program
$25,000 (937) 324-7368
Springfield Redevelopment Corp. Downpayment Assistance Program
$3,000 (937) 322-4623
Van Wert County Homebuyer Assistance Program
$6,600 (419) 238-4544
Warren County First Time Homebuyers Assistance - Deferred Loan Program (DLP)
$55,000 (513) 695-1259
Youngstown Homebuyer Program (HP)
$3,000 (330) 744-0854

Down payment assistance - There are down payment assistance programs available for those who want to own a home but cannot afford the down payment or closing costs. Most down payment assistance programs are used in conjunction with FHA loans.

How the down payment assistance programs generally work is that the program operators provide the down payment for the qualified home buyer and then the seller reimburses the program for the amount of the down payment that was provided. In essence, the seller gave a 3 per cent (in the case of an FHA loan) discount off the purchase price but the selling price was listed as the full price and the discount was used for down payment assistance.

A first time home buyer is defined as an individual, who has not had an ownership interest in a home within the last three years. If you fit this definition, you might be eligible for a home buyer grant, that can be used toward the partial or full down payment.

In some of the local or state government down payment assistance programs there involves what is known as an equity share or "silent second mortgage" on the title. In this arrangement the purchaser agrees to share the future equity from market appreciation with the government entity. Such "silent seconds" can often cause roadblocks when the property owners go to refinance their first mortgages.

Each State also has its own Government run programs available on the county and city level that can help home buyers get into a home with grants and down payment assistance.