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Home Program | Lakewood City Of - Department Of Planning And Development

12650 Detroit Ave., Lakewood City Hall, Lakewood, OH 44107

Eligibility

Must not have not owned a home for 3 years (unless displaced homemaker and/or single parent). They must provide at least 1.5% of sale price from personal funds. The property must be a single family, two family, or condo in Lakewood; it must be the applicant's principal residence. Must meet income guidelines (for example, 2025 income limits: Household of 1: $55,650; 2: 63,600; 3: $71,550, etc.).

Required documents

Agency will advice.

Hours

M-F: 8:00am-5:00pm.
(216) 529-4663

Voice - voice | (529-HOME)

https://www.lakewoodoh.gov/fthb/
[email protected]

Application process

Call M-F: 8:00am-4:30pm to request an application with full information or see website for more information.

Fees

There is an application fee to the bank.

Service area

Lakewood, Ohio

Description

Provides deferred, no-interest loan assistance to qualified first-time home buyers. This is a second mortgage up to $10,000 for condo or single family home and up to $14,000 for two-family home. No monthly payment (repayment is due when property is sold, transferred, or ceases to be owner occupied). Participants must receive pre-purchase counseling to become more informed homeowners.

Data provided by

211 Cleveland

Providing organization

Lakewood City Of - Department Of Planning And Development

Coordinates activities designed to retain existing businesses and attract new businesses to the city.