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First Home, First Loan Program | Summit County Executive

175 South Main Street, Suite 207, Ohio Building, Akron, OH 44308

Barrier Free Restrooms|Braille and Tone Elevators|Designated Parking|Wheelchair Accessible Building (ramps & main entrance doors).

Eligibility

- First-time homebuyer or has not owned a home in the last three (3) years. - Have a total household income that is less than 80% of the Area Median Income. - Purchase a single-family home in Summit County, but outside the cities of Akron, Barberton, or Cuyahoga Falls. - Be able to qualify for a mortgage. - Be able to complete a HUD-approved first-time homebuyer education class. - Be willing to participate in post-purchase counseling. - Be able to provide a pre-approval letter from a private lending institution. - Purchase price cannot exceed 90% of the appraised value of the home. - Maximum purchase price for a home is $163,000.

Required documents

Will be requested as needed.

Hours

By appointment only. Application available 24 hours a day, 7 days a week.
(330) 643-2537

Voice - voice | Weatherization and Housing Rehabilitation Program

(330) 643-7440

Voice - voice | Geographic Information Systems (GIS)

https://co.summitoh.net/pages/First-Home-First-Loan.html

Languages

None.

Application process

Visit the website for more information and for application.

Fees

The loan is a 0% deferred interest loan due upon sale, transfer, foreclosure of the property, or if the home is no longer used as the primary residence of the applicant.

Service area

Summit County, Ohio

Description

Provides a $3 to $1 match to assist eligible first-time home buyers with their down payment and closing costs. Offers a maximum of $12,000 as a 0% deferred interest loan due upon sale, transfer, foreclosure, or if the home is no longer used as the primary residence of the applicant.

Data provided by

211 Summit

Providing organization

Summit County Executive

Oversees the general administration of the Summit County government. Manages departments including Communications, Community and Economic Development, Sanitary Sewer Services, Finance and Budget, Human Resources, Employee Benefits, Job and Family Services, Law, and Medical Examiner.