First Time Homebuyer Assistance
Financial Assistance is provided in the form of a 0% interest, deferred loan for the following:
- Downpayment
- Closing Costs
- Principal Mortgage Reduction
- Comprehensive Counseling
Participants in the 1st Time Homebuyer Program will be required to meet the minimum credit requirements of a conventional area lender and will need enough cash for at least 2% downpayment. Participants are also required to work closely with Housing Counselors who will provide as much assistance as needed to ensure successful home ownership for the 1st Time Homebuyer.
Participants may also be referred to other programs or agencies, which may be better suited to an individual’s need such as Consumer Credit Counseling, Rural Development, and Habitat for Humanity, as well as others.
For more information you may contact Charlene Watkins at cjwatkins@wsos.org
| Income Guidelines |
|
Income |
1 Person |
2 People |
3 People |
4 People |
5 People |
6 People |
7 People |
8 People |
| Huron |
80% |
$30,600 |
$34,950 |
$39,350 |
$43,700 |
$47,200 |
$50,700 |
$54,200 |
$57,700 |
| Ottawa |
80% |
$32,950 |
$37,700 |
$42,400 |
$47,100 |
$50,850 |
$54,650 |
$58,400 |
$62,150 |
| Sandusky |
80% |
$31,100 |
$35,500 |
$39,950 |
$44,400 |
$47,950 |
$51,500 |
$55,050 |
$58,600 |
| Seneca |
80% |
$29,000 |
$33,150 |
$37,300 |
$41,450 |
$44,750 |
$48,100 |
$51,400 |
$54,700 |
| City of Norwalk |
80% |
$30,600 |
$34,950 |
$39,350 |
$43,700 |
$47,200 |
$50,700 |
$54,200 |
$57,700 |
| City of Port Clinton |
80% |
$32,950 |
$37,700 |
$42,400 |
$47,100 |
$50,850 |
$54,650 |
$58,400 |
$62,150 |
Priority Point Rating
Each applicant for the Community Housing Rehabilitation program will have a priority point rating based on the information listed below. An applicant must meet a minimum of 40 points before assistance can be provided. Those applicants earning more than 60 points are defined as high scoring/priority applicants.
| Priority Point Rating Scale |
| Income below 50% of median |
10 points |
| Income between 50% and 80% |
5 points |
| More than 30% of monthly income spent on housing |
5 points |
| Handicapped/disabled |
5 points |
| Household on fixed income |
5 points |
| Single head of household with children |
5 points |
| Presence of child with Elevated Blood Lead Level (EBL) |
10 points |
| Electrical system substandard & needs replacing |
10 points |
| Electrical system substandard, partial upgrade needed |
5 points |
| Roof substandard & needs replacing |
10 points |
| Heating system substandard & needs replacing |
10 points |
| Heating system substandard, repair needed |
5 points |
| Sewer or septic system substandard, needs to be replaced or repaired |
5 points |
| Plumbing system substandard, needs to be replaced or repaired |
10 points |
| Foundation substandard, need repairs |
5 points |
| Home cited for Zoning violation or Health Code Violation |
5 points |
| Fails to meet energy conservation standards |
5 points |
|
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