Franklin County Down Payment Assistance
Provider: Franklin County
Eligible Area: Franklin County
Max AMI Limit: 80%
Maximum Amount: Up to $6,000 (up to $4,000 for down payment and up to $2,000 for eligible closing costs)
Description: Property must be located in Franklin County but outside the city limits of Columbus. The following property tax districts (first 3 digits of the property parcel number) are INELIGIBLE to receive assistance: 010. Got to Franklin County Auditor's website to determine parcel number**. Borrower must be a first time buyer or not have owned a home in the last 3 years. Borrower must attend a HUD certified home buyer education course. Borrower may not have more then $3,000 in liquid assets (excluding retirement/401k). Must have $500 of own funds. Cannot be combined with other types of assistance. County will place a 6 year note and mortgage on property (forgiven after 6 years as long as borrower occupied and no cash out refi's).
Contact: Columbus Housing Partnership
Loretta King
(614)221-8889 ext 123
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