City of Lorain Down Payment Assistance Program

City of Lorain Down Payment Assistance Program是面向Lorain，Ohio购房者的可免除贷款，由City of Lorain Department of Building, Housing and Planning管理。 The City of Lorain Down Payment Assistance Program helps low-income, first-time homebuyers purchase a home within the City of Lorain using HUD HOME funds. Assistance is a deferred, subordinate, 0% loan of up to 10% of the purchase price, capped at $14,900, forgiven 20% per year over five years. The program commenced in 2025 per the City's 2025-2030 Consolidated Plan. Up to $14,900 (max 10% of price). 0% interest, deferred. Forgivable over 5 yrs (20%/yr). Reduces first mortgage. For low-income first-time buyers. 资金来自Federal和HOME。

City of Lorain Down Payment Assistance Program提供最高$14,900的援助。 金额是该项目公布的上限，并非报价——具体每人的援助金额由City of Lorain Department of Building, Housing and Planning决定。

City of Lorain Down Payment Assistance Program在5年后免除，因此住满这段时间的购房者无需偿还。 触发还款的情形：Sale、Transfer of ownership、Refinance during 5-yr term和Ceases to be primary residence。 该援助以2nd Lien顺位留置权登记。 免除和还款条款由项目设定，并可能变化——申请前请在项目官方网页上确认。

City of Lorain Down Payment Assistance Program面向首次购房者和将房屋作为主要住所自住的购房者。 此处的“首次”有例外情况：No ownership interest in a home in the past 3 years; exception for displaced homemakers. 居住要求：Home must be within the City of Lorain and occupied as primary residence through the 5-year affordability period. Detailed program manual not publicly posted — confirm current intake with the Dept (440-204-2020). Buyer uses their own qualified first-mortgage lender; the City provides a subordinate HOME loan (confirm at intake).

City of Lorain Down Payment Assistance Program将家庭收入限制在地区收入中位数的80%，该数值因县和家庭人数而异。 Low-income qualified at or below 80% AMI (HUD/OHFA HOME income limits, set annually; dollar figures not restated in the source). 地区收入中位数由HUD公布并每年更新，因此在依据某个数字之前，请查看该县的最新表格。

City of Lorain Down Payment Assistance Program的房价上限如下：No dollar cap stated; assistance limited to 10% of purchase price up to $14,900, subject to HOME per-unit subsidy and value limits. 符合条件的房屋类型包括Single Family。

City of Lorain Down Payment Assistance Program服务于在Lorain，Ohio购房的购房者。

City of Lorain Down Payment Assistance Program的申请通过City of Lorain Department of Building, Housing and Planning办理，该机构在其网站上公布现行条款和申请步骤。 Hey Prescott不是贷款机构，也不受理申请；本页介绍该项目，方便购房者向贷款机构或住房咨询师咨询。