First Home Lima Down Payment Assistance

Administered by: City of Lima, West Ohio Community Action Partnership (WOCAP), New Lima - Housing For The Future · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $9,999 toward down payment and closing costs (Forgivable Loan)

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

Step 1: 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.

Visit program website

Notes

Purchase price limit is $209,000 for single-family units and $268,000 for duplex units.

Cities Where This Program Is Available