Akron Down Payment Assistance Program

Administered by: City of Akron Housing and Community Services Division · City · Deferred Loan

Funding status: Active

How much assistance

Up to $10,000 as a 0% interest deferred loan (Deferred Loan)

No interest charged. Loan is deferred for 10 years. If you remain in the home for 10 years, the loan is forgiven.

Eligibility

  • Income limits: Household income must be less than 80% of Area Median Income.
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Must purchase a home within the City of Akron limits. City works with nonprofit housing development corporations to provide new and rehabilitated housing.
  • Homebuyer education required: Yes

How to Apply for Akron Down Payment Assistance Program

Step 1: Contact the City of Akron Housing and Community Services Division at (330) 375-2050 for current availability and application details. Homebuyer education from a HUD-approved agency is required.

Visit program website

Notes

The City of Akron is excluded from the Summit County First Home First Loan program because Akron has its own DPA program. Details sourced from NMHL mortgage lender listing. Verify current terms with City of Akron.

Cities Where This Program Is Available