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Cuyahoga County - Down Payment Assistance Program

Below is information on a Down Payment Assistance Loan Program that is available for a number of cities in Cuyahaoga County. Call for additional information. 24/7 Info Line 800-686-3600 ext 225 or Contact Tim Bradford

2007 DOWN PAYMENT ASSISTANCE PARTICIPATING COMMUNITIES

BAY VILLAGE

FAIRVIEW PARK

MORELAND HILLS

ROCKY RIVER

BEACHWOOD

GARFIELD HEIGHTS

NEWBURGH HEIGHTS

SEVEN HILLS

BEDFORD

GATES MILLS

NORTH OLMSTED

SHAKER HEIGHTS

BEDFORD HEIGHTS

GLENWILLOW VILLAGE

NORTH RANDALL

SOLON

BENTLEYVILLE VILLAGE

HIGHLAND HEIGHTS

NORTH ROYALTON

SOUTH EUCLID

BEREA

HIGHLAND HILLS

OAKWOOD VILLAGE

STRONGSVILLE

BRATENAHL VILLAGE

LINNDALE

OLMSTED FALLS

UNIVERSITY HEIGHTS

BROOK PARK

LYNDHURST

OLMSTED TOWNSHIP

VALLEY VIEW

BROOKLYN

MAPLE HEIGHTS

ORANGE VILLAGE

WALTON HILLS VILLAGE

BROOKLYN HEIGHTS

MAYFIELD HEIGHTS

PARMA

WARRENSVILLE HEIGHTS

CHAGRIN FALLS TOWNSHIP

MAYFIELD VILLAGE

PARMA HEIGHTS

WESTLAKE

CUYAHOGA HEIGHTS

MIDDLEBURG HEIGHTS

PEPPER PIKE

WOODMERE VILLAGE

EUCLID

RICHMOND HEIGHTS

There is a limit of 10 down payment assistance loans, per community, per calendar year.

Regular Loan

􀂾 $10,000 maximum

􀂾 Deferred with no time limit - 50% forgiven after 5 years of occupancy

􀂾 No forgiveness for less than 5 years

􀂾 Buyer must be a first time home buyer.

Vacant/Abandoned Forgivable Loan

􀂾 $10,000 maximum

􀂾 100% forgiven after 5 years of occupancy

􀂾 No forgiveness for less than 5 years

􀂾 Buyer must be first time home buyer.

􀂾 Home must be recognized as vacant/abandoned by the local building department.

Diversity Opportunity Forgivable Loan

􀂾 $10,000 maximum

􀂾 100% forgiven after 5 years of occupancy

􀂾 No forgiveness for less than 5 years

􀂾 Buyer must be a first time home buyer.

􀂾 The census tract where the home is located must have a current population less than the county-wide average of the race of the purchaser minus 15%, according to the most recent census data. (currently under 12.5% African American or Black & 51% non-African American or Black)

    Contact Tim Bradford


Tim Bradford
Ohio Mortgage Banker LO.007173.000/ NMLS 250013
Cell: 216.324.8113 Anytime
www.GetAMortgageNow.com or www.Go2Apply.com
www.OhioHomePath.com or www.OhioRuralHomeLoans.com

Serving the Ohio Realtors and Home Buyers and Home Owners
Comment balloon 0 commentsTim Bradford • November 04 2007 08:26PM

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