Down payment assistance in Ohio is available and not limited to first-time homebuyers! At CBC Mortgage Agency, we provide a variety of down payment assistance programs in Ohio to help low-to-moderate income individuals and families with their home purchase.
Ohio Down Payment Assistance
Homebuyers in Ohio looking for down payment assistance may apply for Chenoa Fund down payment assistance through an approved lender. CBC Mortgage Agency provides assistance in the form of secondary financing that may be either forgivable or repayable and up to 5% of the home sale price or the appraised value, whichever is lower.
First-Time Homebuyer Program
CBC Mortgage Agency has two program options available for first-time homebuyers in Ohio. These programs are geared towards but are not limited to first-time homebuyers, making it easier for them to purchase homes. Down payment assistance can significantly reduce the upfront costs of buying a home, making purchasing a home a reality for those who wouldn’t have the funds necessary for a traditional 20% down payment.
Closing Cost Assistance
In addition to down payment assistance, CBC Mortgage Agency allows its funds to be used as closing cost assistance. This means that, you can use a portion of the financial assistance towards items such as appraisal fees, title insurance, and lender fees. Closing costs can add up quickly and can be a barrier for many homebuyers in Ohio. This can help make the homebuying process more affordable and manageable for low-to-moderate income individuals and families.
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The Down Payment Assistance Program Remains Funded All Year Long.
CBC Mortgage Agency isn’t at risk of running out of funds for its program.
