Parma Ohio First Time Homebuyer Funds Now Available!
By Barb Szabo, CRS, E-pro Realtor, Cleveland Ohio Homes
(RE/MAX Above & Beyond)
Parma Ohio First Time Homebuyer Funds Now Available! If you have hope of taking advantage of this great program, you should move quickly with the paperwork. Last year the money ran out very quickly. I had one client who was approved by the city but still did not get the money because other buyers came in with their purchase agreements before she did. When I called the city, they said that even though someone may be approved, it is still on a first come first served basis. Below are some of the most important points about this program: Limited funds Income Limits Apply Must qualify for a loan of at least $70,000 Maximum down payment assistance loan of 10% of the purchase price or $10,000 The loan is forgivable over a 5 year period and carries a 0% interest rate. To obtain an application,...
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