• Be a first time home buyer

• Be the owner-occupant

• Complete a HUD certified 8 hour homebuyer education course

• Reside in the home and not refinance for at least 5 years

• Contribute $500

• Meet with a HOTH housing counselor

• In the City of Columbus or Franklin County

• A single-family home or a condominium

Eligible use of funds

• Down Payment

• Appraisal fees

• Title binder & title policy

• Credit report fee

• Application fee

• Closing fee 

Total household income must be at or below 65% of median income according to current HUD guidelines for Franklin County.

Limitations:

• Assistance may not be used with FHA loans

• Fast Track or Quick Start education certificates are not accepted.

• HOTH funds may not be combined with any other down payment assistance program.

• Funds are limited and available on a first-come, first-served basis.

• Land contracts are not eligible.

• Ownership must be fee simple.

• Assistance may not exceed $3,000.

• Liquid asset restrictions may apply.

• Allow 7-10 business days after complete application is received for approval process plus 3 days to prepare a check.

• Other restrictions apply.

Complete Details in PDF format

• Down Payment Assistance – for first time home buyers

                 APPLICATION - In English

• Programa de Asistencia del Pago de la Cuota Inicial - En Español

              SOLICITUD - En Español

WECO Ohio HomeOwnership IDA Program

Do you dream of owning a home? If you can save a LITTLE, we can help a LOT! The WECO Ohio HomeOwnership IDA Program will match your savings, making it easier than ever to buy a home in Ohio .....

The WECO Ohio Statewide IDA Program gives low income households access to home ownership through matched Individual Development Account (IDA) savings accounts. This program is funded through the State of Ohio Department of Jobs and Family Services. Savings of up to $750 are matched 3:1 - a match of $2250 for a total of $3000 toward a down payment on your new home.

You are eligible if you meet the income requirements, have at least one child under the age of 18 living in your home and are buying your first home or first home in the past three years.  

•  WECO APPLICATION

  Funding provided by the Ohio Department of Development Housing Trust Fund.  

Columbus, Ohio 43204

Fax: 614.275.3060