Dayton Down Payment Assistance Program

Homebuyers in Dayton, Ohio may be able to utilize this down payment assistance program. Offered by the Homeownership Center, as much as 10% of the purchase price of a house can be utilized by first-time homebuyers as down payment and closing cost assistance. This assistance is offered in the form of a loan with 0% interest and deferred payments. It does not have to be paid back until the property is sold, refinanced, transferred, vacated, or becomes a rental property. As funds for this program are limited, its availability is first-come, first-serve.

The applicant’s total annual household income must be at or less than 80% of the area median income, or as follows (as of 2020):

  • 1 person household: $35,650
  • 2 person household: $40,750
  • 3 person household: $45,850
  • 4 person household: $50,900
  • 5 person household: $55,000
  • 6 person household: $59,050
  • 7 person household: $63,150
  • 8 person household: $67,200

Applicants must be able to pay a minimum of $500 from their own funds towards the home purchase. Further, applicants must complete homebuyer education and counseling.

Houses must be able to pass an inspection; if they cannot, the issues must be fixed prior to being approved for this program.

One-to-two unit properties (including condos and Planned Unit Developments) are allowed, as long as they will be serving as the applicant’s primary residence.

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