Need Down Payment Assistance?

In today’s environment, many home buyers, especially first time home buyers, are in need of help in the form of down payment assistance in order to purchase their first home. Even if they can come up with the down payment, it may be a good idea to take advantage of down payment assistance, when available, as that money can then be used for other necessities.

As a realtor, I have access to and work with several builders and at least one agency that have programs to help with the down payment in the form of a grant or through work-equity. With the expiration of the home buyer tax credit, builders have come up with creative ideas to generate more sales and help potential purchasers buy their products. Both of these builders offer a wide variety of affordable homes in various styles, floor plans, options that make it affordable for the first time buyer.

One builder offers a program whereby the buyer can earn up to 3.5% of their down payment by doing easy tasks such as clean up, planting shrubbery, painting their new home. If buyers cannot come of with the down payment, or they would like to save that money for other purchases, this program can be very helpful and get them in the home of their dreams.
Another builder is offering a grant of up to $4,000 for one of its builder communities. In this same community, the builder will also pay the buyer’s closing cost, resulting in zero out of pocket expense for the buyer. Builders can also offer other incentives such as free upgrades, special options, or free finished basement.

Another option would be the Ohio Housing Finance Agency, which makes affordable housing opportunities available for low-to-moderate income Ohioans. They offer extra help for active duty military and military veterans, firefighters, police officers, emergency medical technicians, healthcare workers, paramedics and teachers. www.ohiohome.org.

These great programs make home ownership more affordable and within the grasp of someone who might not otherwise qualify.
Call me at 614-805-7793 for more information about down payment assistance program or to get you pre-qualified.