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Buy a Home > Cuyahoga County DPA Program

DOWN PAYMENT ASSISTANCE


Since June of 2009, Neighborhood Housing Services of Greater Cleveland has administered the Cuyahoga County Down Payment Assistance Program, providing more than $1.29 million in assistance and leveraging more than $9.4 million in investment in Cuyahoga County. 

Down payment assistance, in excess of a minimum 3% that a home buyer would be required to provide from their own funds, is available to income qualified first-time home buyers for the purchase of a home in an eligible Cuyahoga County community. The assistance is provided in the form of a deferred mortgage loan (50% forgiven after 5 years of occupancy) that must be used for eligible costs, and it need not be repaid until re-sale or transfer of the property.

PLEASE NOTE: If you are under contract and/or have a purchase agreement in place before the dated certificate of completion you are not eligible for this program. Participants of eHome America are not eligible for Cuyahoga County Down Payment Assistance.

For a printable description of this program, or additional details, please contact Vicktoria Kotov, NHS of Greater Cleveland's Lending Programs Manager by phone at 216-458-4663 x 2324 or by email.

 

ELIGIBLE HOMES

  • Single family, owner-occupied
  • Existing houses or new construction
  • Property must be occupied by the seller, or vacant for at least 90 days before closing
  • Property must be inspected for code violations and for defective paint
  • Code violations and defective paint must be corrected before the buyer can take title or occupy the house

 

ELIGIBLE COSTS

  • Title Search fees
  • Recording fees
  • Filing fees
  • Credit Reports
  • Pre-purchase inspection
  • Buyer’s legal fees
  • Closing costs
  • Appraisal

Rate, broker fee, origination fee, and points of the first mortgage must not be excessive (not to exceed 2.00% of the first mortgage loan amount) for the type of mortgage obtained by the buyer: conventional, VA or FHA. First mortgage must be fixed with no balloon payment or prepayment penalty allowed.

 

MAXIMUM ASSISTANCE

The maximum amount of downpayment assistance available varies based on the income of the qualifi­ed applicant, specifically as follows. View income charts below for AMI Limits.

  • Borrowers at or below 60% AMI are eligible to receive up to 17% of sales price or $10,000 (whichever is less)
  • Borrowers at or below 70% AMI are eligible to receive up to 15% of sales price or $10,000 (whichever is less)
  • Borrowers at or below 80% AMI are eligible to receive up to 13% of sales price or $10,000 (whichever is less)

The maximum amounts available will be based on the sliding scale below with no more than $5,000 or 6 months of PITI, whichever is greater, of liquid assets after buyer contribution.

 

ELIGIBLE HOUSEHOLDS

  • Homebuyers may not have owned a home in the past 3 years.
  • Homebuyers must occupy the dwelling as their primary residence.
  • Homebuyers total household income cannot exceed the limits below and they must be current on all taxes.

 

ELIGIBLE COMMUNITIES

Bay Village, Beachwood, Bedford, Bedford Heights, Bentleyville, Berea, Bratenahl Village, Broadview Heights, Brook Park, Brooklyn, Brooklyn Heights, Chagrin Falls, Chagrin Falls Township, Cuyahoga Heights, Fairview Park, Garfield Heights, Gates Mills, Glenwillow Village, Highland Heights, Highland Hills, Independence, Linndale, Lyndhurst, Maple Heights, Mayfield Heights, Mayfield Village, Middleburg Heights, Moreland Hills, Newburgh Heights, North Olmsted, North Randall, North Royalton, Oakwood Village, Olmsted Township, Orange Village, Parma, Parma Heights, Pepper Pike, Richmond Heights, Rocky River, Seven Hills, Shaker Heights, Solon, South Euclid, Strongsville, University Heights, Valley View, Walton Hills, Warrensville Heights, Westlake, Woodmere

 

ELIGIBLE LENDERS

  • 3rd Financial Service Corp.
  • Affordable Mortgage Corp.(LSB)
  • Allied Home Mortgage, Capital Corp.
  • American Eagle Mortgage
  • American Lending Solutions
  • American Midwest Mortgage
  • American Mortgage Service
  • American Mortgage Service Co.
  • Atlas Mortgage Co.(Schmidt)
  • Bank of America
  • Cardinal Community Credit Union
  • CF Bank
  • Charter One Mortgage
  • Chase
  • Citizens Bank
  • Community Corp. Mortgage Corp.
  • Concord Mortgage Group
  • Consolidated Home Mortgage
  • Consumers Mortgage
  • Crosscountry Mortgage, Inc.
  • Dollar Bank
  • Fairway Independent Mortgage
  • Fifth Third Mortgage
  • First Federal of Lakewood
  • FirstMerit Mortgage
  • First Ohio Banc & Lending
  • First Place Bank
  • First Security Mortgage Corp.
  • First Union Banc Corp
  • Flagship Mortgage
  • Gold Medal Mortgage
  • Hallmark Mortgage Services
  • Heritage Mortgage Services
  • Home Savings & Loan of Youngstown
  • Homestar Mortgage
  • Hometown Mortgage & Financial Services
  • Howard Hanna Mortgage Services
  • Huntington Mortgage
  • Huntington Mortgage Group
  • JMH Group Inc.
  • Key Bank
  • Loan One Mortgage Co.
  • Metro Mortgage
  • Miracle Mortgage
  • Mortgage Now Inc.
  • MPS Financial Inc.
  • Nations Lending Corporation
  • NeighborWorks® Mortgage Source
  • NVR Mortgage
  • PNC Mortgage
  • Preferred Mortgage Consultants
  • Professional Lending Solutions (LSB)
  • Real Estate Mortgage Corp.
  • Residential Bancorp
  • Ross Mortgage Corp.
  • Schmidt Mortgage
  • Security First Mortgage (LSB)
  • Strategic Mortgage
  • Sun Center Federal Credit Union
  • Third Federal Savings and Loan
  • Union Capital Mortgage Co.
  • Union National Mortgage
  • US Bank Home Mortgage
  • US Financial Services
  • Wells Fargo Home Mortgage
  • Westfield Bank

Applications will be available at the NHS of Greater Cleveland upon receiving a certificate of completion and the presentation of pre-qualified lender document and submitted through your first mortgage lender.

 

2014 HOME Program Total Household Income Limit - Cuyahoga County

The maximum amounts available will be based on the sliding scale below with no more than $5,000 or 6 months of PITI, whichever is greater, of liquid assets after buyer contribution.

60% AMI LIMITS

Borrowers at or below 60% AMI are eligible to receive up to 17% of sales price or $10,000 (whichever is less)

Household Size

Income Limit

1 person

 $26,640

2 person

 $30,480

3 person

 $34,260

4 person

 $38,040

5 person

 $41,100

6 person

 $44,160

7 person

 $47,220

8 person

 $50,220

 

70% AMI LIMITS

Borrowers at or below 70% AMI are eligible to receive up to 15% of sales price or $10,000 (whichever is less)

Household Size

Income Limit

1 person

 $31,060

2 person

 $35,525

3 person

 $39,944

4 person

 $44,363

5 person

 $47,950

6 person

 $51,494

7 person

 $55,038

8 person

 $58,581

 

80% AMI LIMITS

Borrowers at or below 80% AMI are eligible to receive up to 13% of sales price or $10,000 (whichever is less)

Household Size

Income Limit

1 person

 $35,100

2 person

 $40,100

3 person

 $45,100

4 person

 $50,100

5 person

 $54,150

6 person

 $58,150

7 person

 $62,150

8 person

 $66,150

 

Applications are available at the NHS of Greater Cleveland and submitted through your first mortgage lender, call 216.458.HOME (4663) to register.

Program available for a limited time and only while funds are available. Program may be withdrawn and/or changed at any time, including adding required steps that may not be listed on this website. Call for the most current requirements.

 

Changes in HOME Homeownership Value Limits

Effective in 2014, the U.S. Dept. of HUD has adjusted the maximum purchase price limits for HOME assisted single-family houses. The limit for single family houses for the Cleveland-Elyria-Mentor MSA is now $119,000. The new HOME homeownership value limits for existing HOME units is 95 percent of the median purchase price for the area based on Federal FHA single family mortgage program data for existing housing and other appropriate data that are available nation-wide for sale of existing housing in standard condition. Additional information can be found on HUD’s website.

 

For a printable description of this program, or additional details, please contact Vicktoria Kotov, NHS of Greater Cleveland's Lending Programs Manager by phone at 216-458-4663 x 2324 or by email.