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Get Matched Free →First Home Lima Down Payment Assistance
Funding status: Active
How much assistance
Up to $9,999 toward down payment and closing costs
If the homebuyer lives in the house for 5 years, the loan does not need to be repaid. Fully forgiven after 7 years.
Eligibility
- Income limits: At or below 80% of Area Median Income (HUD-determined for City of Lima)
- Purchase price limit: $209,000
- First-time buyer required: Yes — Must be a first-time homebuyer.
- Geographic restrictions: Property must be located within the City of Lima. $209,000 limit for single-family; $268,000 for duplex.
- Homebuyer education required: Yes
How to Apply for First Home Lima Down Payment Assistance
Contact City of Lima Department of Housing and Neighborhoods at (419) 221-5146 or New Lima - Housing For The Future at (419) 224-9881. Must be lender pre-approved before applying. Minimum $1,000 down payment required from buyer. Must complete First Home Lima Housing Counseling Program.
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