The Superior Federal Credit Union, through its charitable arm, the Superior Foundation, has pledged funds to help Ohio first time home buyers come up with the needed funds for a down payment.
The track record of this program is overwhelmingly upbeat. In the past decade, more than 600 home buyers have participated, with 96 percent still residing in their own home.
The program takes people looking to buy their first home through the entire homebuying process, including securing a mortgage. For taking the program, participants can receive up to $4,000 in down payment assistance upon completion of the program. Since its inception more than a decade ago, almost 600 homebuyers have completed the program, with 96 percent of them still in their own home.
“We take great pride in supporting programs that prepare local men and women to become community stakeholders and promote financial independence,” Superior CEO Phil Buell said. “We cannot think of a better partner for this grant than the Lima Allen Council on Community Affairs, which has a long track record of improving the lives of those in our community.”
The down payment grant is available to residents of Allen County, Auglaize or Mercer Counties, have a minimum credit score of 620, and a minimum annual income of $12,000.
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