COLUMBUS, Ohio (WCMH) – If you’re looking to buy your first home, a newly launched program can help pay for it.
The Columbus organization Homeport, along with the Federal Home Loan Bank, is sponsoring the multi-million-dollar effort announced Monday.
They are providing $5 million in down payment assistance for qualifying homeowners in Franklin County.
The program will offer $25,000 grants to be used for a downpayment on a home, closing costs, or principal reduction aid.
In order to qualify, applicants must:
Be a first-time, first-generation homebuyer.
Take part in home-ownership education through Homeport.
Meet certain HUD-approved income requirements.
The eligible properties are single-family homes located within Franklin County.