CityWide Northwest/West Dayton Down Payment Assistance

CityWide Northwest/West Dayton Down Payment Assistance is a deferred second loan for homebuyers in Dayton, Ohio, administered by HomeOwnership Center of Greater Dayton (a program of County Corp), in partnership with CityWide Development Corporation. A place-based down payment assistance program from the HomeOwnership Center of Greater Dayton (a program of County Corp) in partnership with CityWide Development Corporation, funded with legal settlement funds. It provides up to $7,000 as a 0% deferred-payment second mortgage toward down payment and closing costs for first-time homebuyers purchasing homes in the Welcome Home Ohio or Northwest Pathways programs in specified northwestern and western neighborhoods within the City of Dayton. Up to $7,000 toward down payment and closing costs. 0% interest, no monthly payments (deferred second mortgage). No income limit on the DPA itself. No purchase price limit. Funding comes from Legal settlement funds (via HomeOwnership Center) in partnership with CityWide; tied to Welcome Home Ohio / Northwest Pathways.

CityWide Northwest/West Dayton Down Payment Assistance offers up to $7,000 in assistance. Homebuyer contribution: Minimum $500 from borrower's own funds; FHA requires 3.5% borrower contribution. The program can be combined with Welcome Home Ohio; Northwest Pathways. Amounts are the program's published maximums, not an offer — HomeOwnership Center of Greater Dayton (a program of County Corp), in partnership with CityWide Development Corporation determines any individual award.

CityWide Northwest/West Dayton Down Payment Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Full amount due upon sale, transfer of ownership, refinance of the first mortgage, vacancy, loss of primary-residence status, or conversion to a rental/investment property. The assistance is recorded in second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

CityWide Northwest/West Dayton Down Payment Assistance 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, through HomeOwnership Center of Greater Dayton (pre-purchase appointment + Homebuyer Class). Max 31% housing / 42% total DTI. First mortgage must be a fixed-rate conventional/FHA/VA loan approved by the HOC. Property must be in the Welcome Home Ohio or Northwest Pathways program within the eligible NW/West Dayton map area. Min $500 borrower contribution (3.5% FHA). Pre-purchase appointment + Homebuyer Class required. Subordination only to lower the first-mortgage rate.

CityWide Northwest/West Dayton Down Payment Assistance sets its income limit as follows: No income limit on the DPA itself; underlying Welcome Home Ohio / Northwest Pathways programs carry their own income-eligibility requirements. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

CityWide Northwest/West Dayton Down Payment Assistance caps the purchase price as follows: No purchase price limit. Eligible property types include Single Family. New construction is eligible.

CityWide Northwest/West Dayton Down Payment Assistance serves homebuyers purchasing in Dayton, Ohio. The program targets specific areas: Specified northwestern and western neighborhoods within the City of Dayton corporation limits; eligibility by property address per the official map. Targeted neighborhoods: Northwest and West Dayton neighborhoods (Welcome Home Ohio / Northwest Pathways target areas).

Applications for CityWide Northwest/West Dayton Down Payment Assistance go through HomeOwnership Center of Greater Dayton (a program of County Corp), in partnership with CityWide Development Corporation, which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-served; limited funds. 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.