The HomeOwnership Center and the City of Dayton partnered to provide the Dayton Down Payment Assistance Program. If qualified, first-time homebuyers might receive up to 10 percent of their new home’s purchase price, to be put toward the down payment and closing costs.

FHA Mortgage Loan Rates

June 19, 2018
FHA Rates for June 19, 2018
Offering 30 Year Fixed Mortgages
Offering 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!
FHA.com is a private company, is not a government agency, and does not make loans.

Prequalify Now!

Compare mortgage rates for your refinance or home purchase loan.

CHOOSE A LOAN TYPE

then
get
your

FREE CREDIT SCORE

Do you know what's on
your credit report?
FHA.com is a private company, is not a government agency, and does not make loans.

Dayton Down Payment Assistance Program

Financial Assistance for Homebuyers in Ohio

The HomeOwnership Center and the City of Dayton partnered to provide the Dayton Down Payment Assistance Program.

Available Assistance
If qualified, first-time homebuyers might receive up to 10 percent of their new home’s purchase price, to be put toward the down payment and closing costs. This a zero-interest, deferred second mortgage. The loan does not need to be repaid unless the property is sold or refinanced, the ownership is transferred, the owner vacates the house, or it becomes a rental or investment property. Funds for the Dayton Down Payment Assistance Program are limited and available on a first-come, first-served basis.

Eligibility Requirements
To qualify for the Dayton Down Payment Assistance Program, applicants must meet certain requirements. They must be first-time homebuyers, and have a total household income at or below 80 percent of area median income (limits shown below). All applicants are responsible for contributing at least $500 of their own funds to close on the home and must complete and submit the application and all required documents as outlined in the program guidelines. They must also complete a pre-purchase appointment with a Homeownership Advisor and a required Homebuyer Class through the HomeOwnership Center of Greater Dayton.

Property Guidelines
A mandatory, local housing code inspection will be conducted by HomeOwnership Center of Greater Dayton, and all identified problems with the structure must be taken care of prior to purchase. One or two unit, owner-occupied primary residences are permitted under the program, including condos and Planned Unit Developments (PUDs), as long as they are located in the municipal corporation limits of the City of Dayton.

Income Limits
1 person household: $35,650
2 person household: $40,750
3 person household: $45,850
4 person household: $50,900
5 person household: $55,000
6 person household: $59,050
7 person household: $63,150
8 person household: $67,200
 
Note: These figures were accurate at the time of publication and may no longer be current - visit the program website for updated information.


 

Down Payment Grants in Ohio

The Neighborhood Housing Services of Greater Cleveland has established the Cuyahoga County Down Payment Assistance Program to help first-time homebuyers with the upfront costs of purchasing a home. 

The HomeOwnership Center and the City of Dayton partnered to provide the Dayton Down Payment Assistance Program. If qualified, first-time homebuyers might receive up to 10 percent of their new home’s purchase price, to be put toward the down payment and closing costs.

The Ohio Housing and Finance Agency (OHFA) offers the Your Choice! Down Payment Assistance Program to qualifying homeowners. They can choose between assistance of 2.5 or 5 percent of the loan amount, to be applied toward the down payment, closing costs, or any other pre-closing expenses.

FREE CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!