City of Kettering First-Time Homebuyer Assistance Program

City of Kettering First-Time Homebuyer Assistance Program is a forgivable loan for homebuyers in Kettering, Ohio, administered by City of Kettering Community Development (in partnership with Day Air Credit Union and the HomeOwnership Center of Greater Dayton). The City of Kettering First-Time Homebuyer Assistance Program provides forgivable loans to help current and future Kettering residents with down payment and closing costs when paired with a Day Air Credit Union mortgage product. The program provides up to 10% toward down payment and covers closing costs up to $20,000 combined; per-recipient assistance has been set around $8,000-$10,000 with the buyer paying 50% of the lender-required down payment. First-time homebuyers receive priority and the program operates first-come, first-served using Community Development Block Grant funds. Forgivable loan toward down payment (up to 10%) and closing costs, up to $20,000 combined when paired with a Day Air mortgage; per-recipient assistance approximately $8,000-$10,000. Funding comes from HUD Community Development Block Grant (CDBG).

City of Kettering First-Time Homebuyer Assistance Program offers between $8,000 and $20,000 in assistance. Amounts are the program's published maximums, not an offer — City of Kettering Community Development (in partnership with Day Air Credit Union and the HomeOwnership Center of Greater Dayton) determines any individual award.

City of Kettering First-Time Homebuyer Assistance Program is a forgivable loan, so the balance is forgiven once the program's conditions are met. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Kettering First-Time Homebuyer Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required. Must complete an 8-hour HUD-approved homebuyer education course (certificate of completion required); the HomeOwnership Center of Greater Dayton is the City's education partner. Must be paired with a Day Air Credit Union mortgage product. First-time homebuyers prioritized; first-come, first-served. CAVEAT: Program terms have changed over time (assistance amount and eligibility revised; funded with approximately $100,000 in CDBG funds with updated guidelines) - confirm current amount and income limits with the City. Exact current income limits not published on the page reviewed (program follows HUD income guidelines, generally up to 80% AMI).

City of Kettering First-Time Homebuyer Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Follows HUD income guidelines (generally up to 80% AMI); a family of four earning up to $75,050 was cited as potentially qualifying for City housing assistance. Confirm current homebuyer-program limits with the City. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Kettering First-Time Homebuyer Assistance Program serves homebuyers purchasing in Kettering, Ohio.

Applications for City of Kettering First-Time Homebuyer Assistance Program go through City of Kettering Community Development (in partnership with Day Air Credit Union and the HomeOwnership Center of Greater Dayton), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.