Down Payment Assistance Programs in Ohio
Make Your FHA a Zero Down Payment Loan Program! Or get closing costs help for your USDA program.
SMARTBUY Down Payment Assistance Program
w/ Five-Year Forgivable 2nd Mortgage
- Available with eligible FHA and USDA Rural Development loans.
- Minimum 620 Credit Score
- No interest or monthly payments on the assistance
- If the mortgage is current the 2nd mortgage is forgiven after 60 payments.
- If mortgage is paid-off before 60 payments, the DPA is due and payable.
- The down payment assistance amount is 3.5% of the loan amount.
DPA Funds may be used to fund 100% of the required funds to close including:
- Down payment
- Closing Costs
- Pre-Paid escrow items
- Any other mortgage related costs