hud homes lima ohio: $5,000 First Time Homebuyer Grant funds available now!
- 05/06/09 08:29 AM
The Federal Home Loan Bank of Cincinnati has established a set-aside of Affordable Housing Program (AHP) funds to help create homeownership. These funds are available to Members as grants to assist homebuyers under the Welcome Home Program. This is a general description of the program. Uses of Funds Welcome Home funds may be used by Member Banks to fund reasonable downpayments and closing costs incurred in conjunction with the acquisition/new construction of owner-occupied housing to be used as primary residences by low- and moderate-income homebuyers. Member Banks may use amounts up to a maximum of $5,000 per homebuyer, based on documented … (0 comments)
hud homes lima ohio: BUYERS: What is a HUD home and how can you buy one?
- 02/03/09 01:31 PM
What is a HUD Home?A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. Who can buy a HUD Home?Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold … (1 comments)
The Federal Home Loan Bank of Cincinnati has established a set-aside of Affordable Housing Program (AHP) funds to help create homeownership. These funds are available to Members as grants to assist homebuyers under the Welcome Home Program. This is a general description of the program.
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