Barb Szabo's Blog

Parma Ohio Grant Program is Back...But For a Limited Time

Great news! Parma Ohio Grant Money is Back!!!!!!

Here are some important points of this program.

  • The buyer must have a pre-qualification/pre-approval letter for a mortgage in the amount of $70,000 or greater from a bank/lending institution
  • Purchasers will receive a down payment assistance LOAN of 10% of the purchase price up to a maximum of $10,000.00
  • The loan will be at zero percent interest for a period of 5 years to be reduced at a rate of 1/60th per month of ownership and occupancy, and secured by a second mortgage lien on the house.
  • Lien shall be released by the city following 60 months of residency and occupancy of the property by the purchaser.
  • City shall not subordinate the lien to any subsequent lien holder

The First Time Home Buyer Program will run from March 2, 2009 through July 15, 2009, or UNTIL THE FUNDING IS DEPLETED.

Applicant CANNOT sign a purchase agreement prior to submission of an application and approval from the city of Parma and to do so will result in disqualification from the program.


There are many more details of this program of which the buyer needs to be aware, so please call the Community Development Office of Parma at 216-661-7406

If you would like to buy or sell a home in Parma Ohio, or in the surrounding communities, please call me at 440-263-7496, or you may want to visit my website for more specific information on the communities I service: Brecksville, Broadview Heights, North Royalton, Independence, Seven Hills, Parma, Parma Hts., and Garfield Hts

BARB SZABO

Visit Barb's Facebook Fan Page - Become a Fan! View Barb's Profile on Linkedin! Follow Barb on Twitter Barb Szabo E-pro Realtor Cleveland Ohio Homes (RE/MAX Trinity): Real Estate Agent in Cleveland, OH

If you would like to buy or sell a home in the southern communities of Cleveland Ohio, please call me at 440-263-7496, or you may want to visit my website for more specific information on the communities I service: Brecksville Ohio Real Estate, Broadview Heights Ohio Real Estate, North Royalton Ohio Real Estate Independence Ohio Real Estate, Seven Hills Ohio Real Estate, Parma Ohio Real EstateParma Heights Ohio Real Estate and Middleburg Heights Ohio Real Estate.  Information is obtained from Neohrex (Northeast Ohio Real Estate Exchange) and is deemed reliable but not guaranteed and should be independently verified. Properties subject to prior sale, rental, or other status changes. All properties that are advertised as being listed or sold by Barb Szabo are in conjuntion with ReMax Trinity.

Comment balloon 12 commentsBarb Szabo, CRS • March 07 2009 09:59AM
Parma Ohio Grant Program is Back… But For a Limited Time
share
Great news! Parma Ohio Grant Money is Back!!!!!! Here are some important points of this program. The buyer must have a pre-qualification/pre-approval letter for a mortgage in the amount of $70, 000 or greater from a bank/lending… more
Open House Sunday at 4102 Wood Ave. Parma Ohio March 1st from 2-4 Don…
share
Make sure you put this open house on your list. Includes ~2000 square feet and the lot next door! I will have a loan officer there to answer questions about today's sometimes challenging mortgage market, along with information on both the $8000 tax… more
Interested in Living in a Community for Seniors in North Royalton or…
share
Below you will find information on 3 communities for seniors. Each has unique amenites from hiking trails and pools to shopping that is right across the street to easy access to the freeway. SENIOR COMMUNITIES (55 AND… more