City Of Kettering Down Payment Assistance Available

Dated: 12/31/2014

Views: 2240

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City of Kettering is still offering a down payment assistance program for first-time homebuyer.  The program is in partnership with The HomeOwnership Center of Greater Dayton

Qualified homebuyers may receive up to $8,000 to help with down payment and closing costs.  It is a 0% deferred second mortgage that goes away if you remain in the home 5 or more years.  Anything less than 5 years and you will still have to pay the funds back.

Here is a list of some of the requirements to qualify:

  • Income requirements: family of 1 = $33,750, 2 = $38,550, 3 = $43,350, 4 = $48,150, 5 = $52,050, 6 = $55,900, 7 = $59,750

  • Minimum of $1,000 or 1% of the sale price whichever is greater is required to contribute to close

  • Must be primary residence for 5 years

  • Have to complete homebuyer class and meet with HomeOwnership Advisor at the HomeOwnership Center.

This is a great opportunity if not having enough monies in hand for a down payment was holding you back from home ownership.

If you’re looking for a Realtor who can help you to achieve your dream of owning your own home, I’m your Realtor!  Jennifer Core, Realty Central, 937-239-0373


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David Cooper

Real Estate Broker....

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