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Wanting to buy a home in Ohio, but need assistance with the down payment? Ohio’s Welcome Home grant program will be offering two opportunities this year to apply. The first half will start on February 6th, and the second half on July 6th. If the buyer qualifies, the grant program will give borrowers $10,000 toward down payment and closing cost assistance, and if you are an honorably discharged veteran, you can receive $15,000.
This is a great grant program as you can pair it with any loan program, and you do NOT have to be a first-time homebuyer to qualify!
To see if you qualify, you’ll need to know in advance as the funds are claimed on a first come first come basis on February 6th. Once a lender has determined that you do qualify, you Cannot put in a request for the grant funds until you have an executed purchase contract. $500 Earnest Money of buyers own funds is a requirement as well.
The buyer(s) must have a household income of 80% or less than the county’s median income to qualify. Must have a certain credit score. The program funds will go quickly as it’s first come first serve. Please note buyers must meet the minimum credit requirements for loan programs.
NOT ALL LENDERS PARTICIPATE IN THIS State FUNDED PROGRAM. Please click the link below and fill out the information to receive more information from a local lender who specializes in this program and feel free to contact us at 937-307-9466 with any questions.
