Down Payment Assistance Loan Program for Eligible Owner-Occupant Applicants
Up to $10,000 Down Payment Assistance for a Single-Family Home
The maximum sales price of the home may not exceed $149,000
Up to $10,000 Down Payment Assistance for a Two-Family Home
The maximum sales price of the home may not exceed $191,000
All applicants must be income qualified per the current Department of Housing and Urban Development (HUD) Gross Income Limits. This is a deferred payment, zero (0%) interest second mortgage. The loan is to be repaid immediately at the time of resale, transfer, or if the property becomes absentee-owned.
2021 Income Limits
Call 216-291-4869 for income limits on household sizes not listed.
All applicants must also meet the following requirements:
Receive certification of completion of pre-purchase and home maintenance counseling from a HUD approved agency;
Contribute a minimum of 3.50% of the sales price towards the home purchase (gifts funds also eligible);
Receive approval and first mortgage commitment for the purchase of the of the home from a mortgage lender.