First Place Bank has received a total of $100,000 to be used to help low and moderate income minority households purchase their first home.
Buyers must be purchasing a single family, owner occuied property in Cuyahoga or Lorain counties. Maximum household income $54000, maximum loan amount $150,000. Buyer can NOT have owned a home the last 3 years. Buyer can receive a grant of up to $5000 for closing costs & downpayment. Buyer must contribute $500 of own funds toward the transaction. Homebuyer counseling is required.
Call for more information or an application 440.452.3894.