Pamela Haddon - Russell Real Estate Service

Pamela Haddon - Russell Real Estate Service For all your real estate needs contact me today!

09/21/2018

CUYAHOGA COUNTY DOWN PAYMENT ASSISTANCE PROGRAM

PROGRAM ELIGIBILITY

Eligible homebuyers can receive down payment assistance in the amount o 17% of total transaction. The transaction calculates as purchase price plus 5% of purchase price for closing costs. Homebuyer will be responsible for a minimum of 3% of total transaction contribution towards the purchase. The assistance is provided in the form of a deferred mortgage loan (50% forgiven after 10 years of occupancy) that must be used for eligible coasts, and it need not be repaid until re-sale or transfer of the property.

DIVERSITY OPPORTUNITY FORGIVABLE LOAN

The Diversity Opportunity Forgivable Loan provides for the loan to convert into a grant for homebuyers that purchase a property in a qualified census tract, in a community that the Neighborhood Housing Services of Greater Cleveland (NHS) serve, and who live there for five (5) years.

VACANT/ABANDONED FORGIVABLE LOAN

The Vacant/Abandoned Forgivable Loan provides for the loan to convert into a grant for homebuyers that purchase a qualified property, as verified by the local community, in a community that NHS serve, and who live there for five (5) years.

ELIGIBLE HOMES

Single family, owner-occupied.
Existing houses or new construction.
Property must be occupied by the seller, or vacant for at least 90 days before closing.
Property must be inspected for code violations and for defective paint.
Code violations and defective paint must be corrected before buyer can take title or occupy the house.

08/24/2018

Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate profe...

08/24/2018

There are some common threads—financial and emotional—that lead us to call it quits on our home and move on to the next one.

For all my first time home buyers!
08/24/2018

For all my first time home buyers!

These are the home buying steps, according to real estate professionals. One of the key steps to buying a home is selecting a mortgage and mortgage lender.

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Brecksville, OH
44141

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