Program offering $15,000 grants to Cincinnati home buyers

Program offering $15,000 grants to Cincinnati home buyers

CINCINNATI, OH (FOX19) - Home buyers can apply for a $15,000 dollar down payment grant Friday and Saturday at the Duke Energy Center as part of the Wells Fargo NeighborhoodLIFT program.

More than 700 prospective Home buyers have registered to attend the event. With the NeighborhoodLIFT program, the $15,000 dollars in down payment assistance will help low to moderate income people with their dream of owning a home.

As of this month, Wells Fargo and Neighbor Works America have helped more than 8,000 low to moderate income families become homeowners. The program started in 2012 and has invested $220 million in down-payment assistance, community grants and 30 housing markets across the country impacted by the housing downturn.

The program can be used with any approved lender and for 203K renovation loans to make improvements as part of a new mortgage purchase loan. Applicants must complete a home buyer education and have a contract to purchase a home to be eligible. About two-thirds of LIFT program Home buyers earn 80% or less than the area median income.

Friday's event begins at 10 a.m. and runs through 7 p.m. It will be held inside the grand ballroom at the Duke Energy Center. The program also runs Saturday and walk-ins are welcome. You can find more information on the NeighborhoodLIFT program here.

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