SUMMIT COUNTY, OHIO—Summit County Executive Ilene Shapiro is pleased to announce applications for the First Home First Loan program are now being accepted. The program assists eligible, low to moderate-income first-time homebuyers with down payment and closing costs by providing a no-interest deferred, three to one matching loan up to $12,000.
“Home ownership is at the heart of the American Dream and a key driver to generational wealth. It provides lasting benefits to our entire community,” said County Executive Shapiro. “In a housing market that is increasingly competitive, we know how a little help can go a long way.”
County residents purchasing a home in Akron, Cuyahoga Falls and Barberton are not eligible for the program as these cities receive their own funding for similar programs. The maximum purchase price for a home is $163,000.
Additional program details and the application are available at https://co.summitoh.net/FirstHomeFirstLoan.