Down Payment Assistance Programs: Darke County, OH

Down PaymentAssistance Programs

Darke County, OH

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Down Payment Assistance Programs for FirstTime Home Buyers in Darke County, Ohio

If you live in Ohio and are interested in buying a homein Darke County – there may be down paymentassistance programs available to you. Saving enoughmoney for a down payment is one of the single biggestobstacles to homeownership – but it is entirelypossible that down payment assistance is available toyou and you aren’t even aware of it.



What is Down Payment Assistance?

It is any kind of program that is designed to help people getinto a home. That may be a very broad definition, but downpayment assistance programs are not always programs thathand out free money by giving you cash in a suitcase – theycan take many different forms. Some examples of the differenttypes of down payment assistance programs that may beavailable include: Grants, Silent Seconds, Delayed RepaymentLoans, Interest Free Loans, and Lender Specific Programs.Since there are so many different types of programs that maybe available – it is advised that you find the right loan officerwho is knowledgeable in programs in your area.



Down PaymentAssistance Programsin Darke County, Ohio



Ohio Housing Finance Agency – Down PaymentAssistance: If paying for a down payment and closingcosts have kept you from getting into a home of yourown, OHFA’s Down Payment Assistance may be able tohelp. Eligible borrowers utilizing OHFA HomeownershipPrograms can use the assistance to greatly reduce theout-of-pocket expenses associated with buying a home.



Ohio Housing Finance Agency – Grants for GradsProgram: Recent college graduates can now receivedown payment and closing cost assistance and afavorable mortgage interest rate from an OHFAparticipating lender with the Grants for Grads product.Eligible borrowers can use the product to reduce the out-of-pocket expenses associated with buying a home.



Mortgage ProgramsAvailable in Darke

County, Ohio



Ohio Housing Finance Agency – Mortgage Tax CreditProgram: OHFA’s Mortgage Tax Credit (MTC) productcan help some families realize the dream ofhomeownership. The MTC product creates an incometax deduction that reduces a household’s federalincome tax liability and allows the household to havemore available income to make mortgage payments.



Ohio Housing Finance Agency – First-TimeHomebuyer Program: Applicants for the First-TimeHomebuyer Program must meet OHFA incomelimits, and properties must meet purchase pricelimits. The limits vary by county.



Ohio Housing Finance Agency – Next Home Program:Are you ready to purchase your next home? OHFA’sNext Home loan is available for Ohio homebuyerswho currently own a home, or have owned a home inthe past three years and are ready to purchase adifferent home.



Additional HomeBuying Resources



HUD offers some resources to those people who areinterested in learning more about the process of buying ahome, and the information on HUD’s website is free. Just afew of the services that HUD offers information aboutinclude:

Housing counseling agencies – free or low-cost counselingservices for buying, renting, defaults, foreclosures, creditissues and reverse mortgages.

Predatory lending – beware if you’re buying or refinancingyour home; don’t become a victim of unfair lendingpractices

Education – learn about buying and maintaining your home



Assistance programs – resources and programs to helpyou buy and maintain your home

HUD homes for sale

Homeownership vouchers – some public housingagencies help you become a homeowner through theHousing Choice Voucher Homeownership Program

Home repairs – money for home improvements andrepairs

Avoiding foreclosure – don’t lose your home

Making your home more energy efficient



Other Relevant Darke County Sites

Ohio Association of Realtors

Darke County Schools

Darke County Sheriff

HUD Homeownership Assistance for Ohio


http://ohiorealtors.org/

http://www.darke.k12.oh.us/schools/

http://www.darkecountysheriff.org/

http://portal.hud.gov/hudportal/HUD?src=/states/ohio/homeownership/buyingprgms

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C L I C K H E R E



Justin McHood is Americas MortgageCommentator and has been providingMortgage commentary for over 10 years.

INFORMATION PROVIDED BY: JUSTIN MCHOOD

MORTGAGE COMMENTATOR


http://mortgagecommentator.com/

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Down Payment Assistance Programs: Darke County, OH