Cleveland Heights Down Payment Assistance Program
In an agreement with the City of Cleveland Heights, Home Repair Resource Center now facilitates applications for the City’s Down Payment Assistance Program.
The program provides up to down payment assistance to income-eligible buyers.
CHN Housing Capital
CHN Housing Capital will provide access to capital for low-income homebuyers in communities in Cleveland and Cuyahoga County. CHN Housing Capital offers two down payment assistance programs: The Believe Mortgage and Cuyahoga County Down Payment Assistance Program.
The Believe Mortgage
Low down payment first mortgages are available for homebuyers in Cuyahoga and Lorain counties.
- There are no first time homebuyer or income restrictions and no monthly Private Mortgage Insurance.
- Buyers with lower credit scores are considered.
- Buyers are also eligible for a second mortgage in the form of a home repair loan at the time they receive the Believe Mortgage.
- Must complete first-time homebuyer classes prior to closing.
Down Payment Assistance Program
Eligible homebuyers can receive down payment assistance of a home purchase whose income is in the low to moderate range.
- Homebuyer will be responsible for a minimum 3% contribution towards the purchase.
- Homebuyer must be at or below 80% of area median income.
- Homebuyer must complete homeownership classes as a condition of closing their loan.
- Homebuyers must not have owned a home in the past three years.
No Interest Loan
Owner-occupants who are income-eligible can secure a one-time loan.
Funds must be used according to specifications.
Must be a resident of Cleveland Heights
Contact: 216-291-4869
Hebrew Free Loan Association (HFLA)
Max loan of up to $10,000 (standard loan, student loan, auto loan, home repair loan, debt consolidation)
Eligibility:
- Resident of Northeast Ohio
- Submit a monthly budget
- Unable to access traditional loan (denial)
- Require a Guarantor
Contact: 216-378-9042