City of Parma Down Payment Assistance Program
Funding status: Active
How much assistance
Up to 10% of the purchase price, capped at $20,900 (Deferred Loan)
Deferred, subordinated loan repayable upon sale, transfer of title, or refinance.
Eligibility
- Income limits: At or below 80% of Area Median Income
- First-time buyer required: No
- Geographic restrictions: Must purchase within Parma city limits
- Homebuyer education required: Yes
How to Apply for City of Parma Down Payment Assistance Program
Step 1: Apply through Believe Mortgage at believemortgage.org. Free homebuyer education classes offered through CHN Housing Partners.
Notes
City of Parma partnered with Cuyahoga County on this program. Administered by Believe Mortgage (CHN Housing Partners, a CDFI).