HOME PROGRAM | LAKEWOOD CITY OF - DEPARTMENT OF PLANNING AND DEVELOPMENT

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

Physical Address

12650 Detroit Ave., Lakewood, OH 44107

Hours

M-F: 8:00am-5:00pm

Voice

(216) 529-4663

Main | (529-HOME)

Fax

(216) 529-5907

Website

https://www.lakewoodoh.gov/planning-and-development

[email protected]

Application process

Call M-F: 8:00am-4:30pm to request an application with full information.

Fee

There is an application fee to the bank.

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 2023 income limits: Household of 1: $50,650; 2: 57,850; 3: $65,100, etc.).

Agency info

LAKEWOOD CITY OF - DEPARTMENT OF PLANNING AND DEVELOPMENT

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