Housing - Down Payment Assistance | Euclid Development Corporation
585 E 222nd St., Euclid, OH 44123
M,W,F: 9:00am-4:30pm (except somewhat variable lunch hour).
3 1/2% of the purchase price as down payment. No other fees may be added to the loan such as closing costs. A Processing fee is due at the time of confirmation of applicant eligibility.
United States
Offers down payment assistance loans of up to $10,000 toward the purchase of a single family home, attached single family home or a condominium housing unit. Loan amount will be based on 17% of purchase price, with a maximum down payment assistance of $10,000. This loan is deferred, interest free and will be 50% forgiven after a period of five years of owner occupancy. The remaining balance is due upon re-sale or transfer of the property.
211 Cleveland
Euclid Development Corporation
Provides low-interest loans to low and moderate income residents of Euclid for home improvement and to correct code violations. Provides down payment assistance for qualified first time home buyers.