Down Payment Assistance Programs 
                Available from Affinity Group Mortgage

There are three programs offered by Dave Miller at Affinity Group Mortgage. These programs are offered with FHA and Conventional programs. Following are highlights and key points of each. 
                 Franklin County Down Payment Assistance
• Buyers can receive up to $4000 for down payment and $2000 for closing costs
• The assistance is a 0% interest, deferred loan, repayable if sell within 6 years
• Ratios of 31/43
• Homebuyer must have $500 in the deal and no more than $3000 liquid assets( 401k and pension excluded)
• Property must be located inside Franklin County and outside tax district 010 (city of Columbus)
• Buyer must be a 1st time homebuyer or not have owned for the last 3 years
• Must complete approved HUD Homebuyer education. Fast track and Quick start not accepted
• Allow 60 days for closing

Household   Maximum Income  Household   Maximum Income
       1                     $38450          5                    $59300
       2                     $43900          6                    $63700
       3                     $49400          7                    $68100
       4                     $54900          8                    $72450


  City of Columbus American Dream Down Payment Initiative
• Must be within Columbus corporate limits and within Columbus Public Schools
• First time homebuyers or that have not owned within the last 3 years
• 6 months residency in State of Ohio
• Loan up to 6% of purchase price with a max of $5000, whichever is less towards
down payment and closing costs
• Buyer must have $500 of his own money
• Loan is recaptured if applicant sells or moves within first five years
• Ratios are 35/45
• Homebuyer education by City certified agency
• Maximum of $5000 household assets(exclude 401k)
• Visual paint inspection required by city if built before 1978
• Allow 60 days for closing

Household Maximum income  Household    Maximum income
         1                    $38450      5                    $59300
         2                    $43900      6                    $63700
         3                    $49400      7                    $68100 
         4                    $54900      8                    $72450 

                    CHP Ohio Housing Trust Fund DAP
• Designed for lower income families, 65% of median income
• Max loan is 3% of purchase or $3000, whichever is less
• Property must be in Franklin County
• Only owner occupied, single family
• Can be combined with other DAP, no seller financing
• Must complete education, no Fast Track or Quick Start
• Buyer must have $500 of their own money
• Allowed no more than $5000 in liquid assets( 401k excluded)
• Ratios are 31/43
• No assumptions are allowed
• Allow 60 days for closing

Household   Maximum income  Household   Maximum income
        1                     $31200        5                   $48150
        2                     $35700        6                   $51750  
        3                     $40100        7                   $55300
        4                     $44600        8                   $58900

Dave Miller
Affinity Group Mortgage
614-975-5894
dmiller@agmloans.com