First Home Lima Down Payment Assistance Program

First Home Lima Down Payment Assistance Program es un préstamo condonable para compradores de vivienda en Lima, Ohio, a cargo de City of Lima Department of Housing & Neighborhoods (with New Lima – Housing For The Future and WOCAP). A HOME-funded down payment and closing-cost assistance program for first-time homebuyers purchasing a primary residence within the City of Lima. Administered by the City of Lima with New Lima – Housing For The Future and WOCAP, it provides up to $9,999 as a 0% deferred, forgivable second-mortgage loan forgiven 20%/year over 5 years. Buyers must be lender pre-approved, complete homeownership and property-maintenance education, save at least $1,000, and be approved before signing a purchase contract. Up to $9,999. 0% interest. Forgivable after 5 years of residency. Free homebuyer and property-maintenance education. Los fondos provienen de Federal HOME funds administered by the City of Lima.

First Home Lima Down Payment Assistance Program ofrece hasta $9,999 de ayuda. El programa pide a los compradores de vivienda aportar $1,000 in designated savings required from the buyer; can be applied toward closing only with verification of use. El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: City of Lima Department of Housing & Neighborhoods (with New Lima – Housing For The Future and WOCAP) determina cualquier ayuda individual.

First Home Lima Down Payment Assistance Program se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Sale, conveyance, or transfer triggers repayment of the outstanding balance; default (renting or no longer occupying as primary residence) triggers repayment of the original loan amount in full. La ayuda se registra con un gravamen en posición Subordinate (promissory note and mortgage). Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

First Home Lima Down Payment Assistance Program está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: Owned in past 3 years may still qualify if displaced homemaker/single parent, in non-affixed manufactured housing, owner-occupant of a home not feasible to renovate, or transferring partial title. Se requiere un curso de educación para compradores de vivienda, a través de WOCAP homeownership training and budget counseling; New Lima Property Maintenance Training and home maintenance plan. Requisito de residencia: Home must be within the City of Lima corporate limits. Must be lender pre-approved AND program-approved BEFORE a purchase agreement; $1,000 designated savings; WOCAP training and New Lima maintenance class/plan; City inspection with violations cured before closing; homeowner's insurance with annual proof for 5 years; 35% housing-ratio cap (max_dti left blank as front-end only). Verified via the June 1, 2026 application packet PDF. Amount is $9,999 per the official PDF (news/aggregator '$14,999' not supported).

First Home Lima Down Payment Assistance Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income below 80% AMI for Lima; 2026 max gross by family size: 1 $49,250; 2 $56,250; 3 $63,300; 4 $70,300; 5 $76,000; 6 $81,600; 7 $87,250; 8 $92,850. Minimum gross income to qualify is $25,000. El límite se aplica al ingreso total del hogar, no solo al del prestatario. El programa indica un tamaño máximo de hogar de 8. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

First Home Lima Down Payment Assistance Program limita el precio de compra a $209,000. Los tipos de propiedad elegibles incluyen Single Family y 2-4 Unit. Las viviendas prefabricadas no son elegibles.

First Home Lima Down Payment Assistance Program atiende a compradores de vivienda que compran en Lima, Ohio.

Las solicitudes de First Home Lima Down Payment Assistance Program se tramitan a través de City of Lima Department of Housing & Neighborhoods (with New Lima – Housing For The Future and WOCAP), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Application to New Lima – Housing For The Future; must be approved before entering a purchase agreement; ~2-3 weeks processing. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.