Ohio Housing Trust Fund Down Payment Assistance
Provider: Ohio Housing Trust Fund
Eligible Area: Franklin County
Max AMI Limit: 65%
Maximum Amount: Up to $3,000 (down payment and eligible closing cost)
Description: Property must be located in Franklin County. 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 $5,000 in liquid assets (including retirement/401k). Must have $500 of own funds. If the first mortgage loan is a FHA insured loan, the borrower must have a cash investment of 3% of the purchase price. This down payment program CAN be combined with other down payment programs. No seller financing. CHP will place a 5 year note and mortgage on property forgiven after 5 years.
Contact: Columbus Housing Partnership
Loretta King
(614)221-8889 ext 123
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