Warren-Trumbull HOME Consortium Homeownership Loan Program (Trumbull County)

Warren-Trumbull HOME Consortium Homeownership Loan Program (Trumbull County) is a forgivable loan for homebuyers in Trumbull County, Ohio, administered by Trumbull County Planning Commission (Warren-Trumbull HOME Consortium). A HUD HOME-funded down payment and eligible-closing-cost program administered by the Trumbull County Planning Commission. Provides up to $10,000 or 20% of purchase price (whichever is less) as a 0% deferred second mortgage forgiven after 5 years of continued owner-occupancy. Serves buyers at 50–80% AMI purchasing single-family homes in Trumbull County outside Cortland/McDonald/Niles/Girard (the City of Warren runs its own program). Brochure updated May 2026. Up to $10,000 (or 20% of price). 0% interest. Forgiven after 5 years. Broad network of participating local lenders. Funding comes from HUD HOME Investment Partnerships Program (Warren-Trumbull HOME Consortium).

Warren-Trumbull HOME Consortium Homeownership Loan Program (Trumbull County) offers up to $10,000 in assistance. Amounts are the program's published maximums, not an offer — Trumbull County Planning Commission (Warren-Trumbull HOME Consortium) determines any individual award.

Warren-Trumbull HOME Consortium Homeownership Loan Program (Trumbull County) is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Forgiven at end of 5 years if terms met; if buyer sells, stops occupying, rents, or abandons within 5 years, the loan becomes due within 30 days. 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.

Warren-Trumbull HOME Consortium Homeownership Loan Program (Trumbull County) is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Warren-Trumbull HOME Consortium 3-hour homeownership counseling session. Residency requirement: Single-family dwelling within Trumbull County, excluding the cities of Cortland, McDonald, Niles, Girard, and the City of Warren (own program). Buyer prequalified by a participating lender; 3-hour Consortium counseling; owner-occupy as principal residence; homeowner's insurance naming Trumbull County as additional insured. Property must pass HUD HQS and lead/code inspection. Income 50–80% AMI (income_limit_percent set to the 80% ceiling). Distinct from the City of Warren program already in catalog. Verified via the consortium brochure PDF (May 2026).

Warren-Trumbull HOME Consortium Homeownership Loan Program (Trumbull County) limits household income to 80% of the area median income, which varies by county and household size. Annual gross household income between 50% and 80% of area median income; limits revised annually (May 2026). 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.

Warren-Trumbull HOME Consortium Homeownership Loan Program (Trumbull County) caps the purchase price as follows: Property value must not exceed 95% of the area's median purchase price as determined by HUD. Eligible property types include Single Family. New construction is not eligible. Manufactured homes are not eligible.

Warren-Trumbull HOME Consortium Homeownership Loan Program (Trumbull County) serves homebuyers purchasing in Trumbull County, Ohio.

Applications for Warren-Trumbull HOME Consortium Homeownership Loan Program (Trumbull County) go through Trumbull County Planning Commission (Warren-Trumbull HOME Consortium), which publishes the current terms and the application steps on its own site. Funds are reserved through Buyer prequalified by a participating lender; application requested through the Trumbull County Planning Commission. 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.