Home at Last

Home at Last is a grant for homebuyers in Toledo, Ohio. Toledo Home at Last: $10,000 grant for first-time homebuyers within City of Toledo limits. <=80% AMI. $10,000 GRANT (no repayment required) for down payment and closing costs for first-time homebuyers purchasing within City of Toledo limits. Funds may be used for down payment, closing costs, and pre-paid items. Federal HUD CDBG/HOME-funded grant administered by City of Toledo Department of Housing and Community Development. Funding comes from Federal, HUD, HOME, and CDBG.

Home at Last is structured as a grant, so it is not repaid. Repayment is triggered by No repayment if owner-occupied for 5-year term and deed restriction enforces affordability. The assistance is recorded in Grant (no lien beyond deed restriction) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Home at Last is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Standard HUD HOME FTHB waivers. On credit, the program states: 620 minimum FICO recommended. A homebuyer education course is required, through HUD-approved housing counseling agencies in Toledo including NeighborWorks Toledo Region (formerly NHS Toledo) and United Way of Greater Toledo. Residency requirement: Property within City of Toledo limits, owner-occupied. Citizenship or immigration status: U.S. citizen or qualifying permanent resident. First-time homebuyer (no ownership past 3 years). Property within City of Toledo limits as primary residence. <=80% AMI Toledo MSA (Lucas County): $53,100-$100,150 by household size. HUD-approved homebuyer education required. Minimum borrower contribution. 5-year owner-occupancy commitment (grant not recaptured but enforced via deed restriction).

Home at Last limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% Toledo MSA AMI: $53,100-$100,150 by household size. The limit applies to total household income, not only the borrower&rsquo;s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Home at Last caps the purchase price as follows: Per HUD HOME 95% area median sales price for Lucas County. Eligible property types include Single-family detached, condo, townhouse. New construction is eligible. Manufactured homes are not eligible.

Home at Last names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Home at Last serves homebuyers purchasing in Toledo, Ohio. The program targets specific areas: Toledo CDBG-eligible neighborhoods.

Applications for Home at Last go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply directly to City of Toledo Department of Housing and Community Development. 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.