Down Payment Assistance Loans

Down payment assistance is provided in the form of a grant or loan to cover some or all of the required down payment and closing costs that exist when buying a home. Assistance is offered by state or local housing agencies, nonprofits or lenders. Down payment assistance programs are geared toward first-time homebuyers and/or low-to-moderate income borrowers to encourage homeownership and increase mortgage affordability. Borrowers should expect to be required to complete a homebuyer education course, some of which can be done for FREE! Additionally, these loans have qualification and minimum credit score requirements, as well as debt-to-income ratio, income and purchase price limits. 

Some programs we may have the ability to help borrowers with are as follows:

First Time Homebuyer

Next Home Homebuyer

Ohio Heroes

Grants for Grads

1% Down Program

HomeReady® Special Purpose Credit Program (SPCP) Grant

Local assistance programs offered by various specific municipalities