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Coshocton County CHIP Homebuyer Assistance

Ohio Regional Development Corporation (ORDC) / Lassiter Consulting Group; Ohio Department of Development CHIP · Coshocton, Ohio

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See what you qualify forOfficial program site →
Assistance

$1,000–$5,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 10 years

What is Coshocton County CHIP Homebuyer Assistance?

Coshocton County CHIP Homebuyer Assistance is a forgivable loan for homebuyers in Coshocton, Ohio, administered by Ohio Regional Development Corporation (ORDC) / Lassiter Consulting Group; Ohio Department of Development CHIP.

  • Coshocton County and the City of Coshocton's Community Housing Improvement Program (CHIP), administered by Ohio Regional Development Corporation, includes a Homebuyer Assistance activity providing down payment and closing-cost grants of $1,000-$5,000 to low- and moderate-income households buying a modest, affordable single-family home as their principal residence. Funds may be used for down payment, appraisal, closing costs, or other purchase fees, and buyers receive about 7 hours of homeownership counseling. Assistance is secured by a 10-year promissory note with sliding-scale recapture.
  • Down payment / closing cost grant of $1,000-$5,000.
  • ~7 hours homeownership counseling.
  • Can combine with FHA, VA, FMHA or private financing.
  • Eligible for owner-rehab funds up to $30,000 for repairs.
  • Funding comes from HUD CHIP via Ohio Department of Development.

How much assistance does it provide?

Coshocton County CHIP Homebuyer Assistance offers between $1,000 and $5,000 in assistance.

  • Buyer contribution: Grantee must contribute a minimum of $500 of their own funds.
  • Amounts are the program's published maximums, not an offer — Ohio Regional Development Corporation (ORDC) / Lassiter Consulting Group; Ohio Department of Development CHIP determines any individual award.

Do you have to pay it back?

Coshocton County CHIP Homebuyer Assistance is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by 10-year promissory note; sliding-scale repayment if sold/vacated before note expires; 15% repayment if vacated/transferred after 10 years; plus recording/release fees.
  • The assistance is recorded in Subordinate (recorded mortgage / 10-year promissory note) position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Coshocton County CHIP Homebuyer Assistance is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through ~7 hours counseling (budgeting, home maintenance, lending, fair housing)
  • Residency: Property in Coshocton County / City of Coshocton CHIP service area
  • DRAFT (dpa-gap-finder 2026-06-14): pending review. Field notes — Ratio/DTI note: PITI cannot exceed 30% of gross monthly income. Administered by Ohio Regional Development Corp (740) 622-0529. Funds limited and competitive at the local level. Confirm current availability of the homebuyer activity with the local CHIP office, as CHIP activities vary by program cycle.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Coshocton County CHIP Homebuyer Assistance limits household income to 80% of the area median income, which varies by county and household size.

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Coshocton County CHIP Homebuyer Assistance can be used for Single Family, Condo, 2-4 Unit, and Manufactured.

  • Manufactured homes are eligible.

Where does it apply?

Coshocton County CHIP Homebuyer Assistance serves buyers purchasing in Coshocton, Ohio.

How do you apply?

Applications for Coshocton County CHIP Homebuyer Assistance go through Ohio Regional Development Corporation (ORDC) / Lassiter Consulting Group; Ohio Department of Development CHIP, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through ~7 hours counseling (budgeting, home maintenance, lending, fair housing).

  2. Contact Ohio Regional Development Corporation (ORDC) / Lassiter Consulting Group; Ohio Department of Development CHIP to reserve funds

    Funds are reserved through First-come, first-served when funds available, and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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