Get the free American Dream Downpayment Initiative

City of Cincinnati Department of Community and Economic Development American Dream Down payment InitiativeProgram GuideUpdated June 2017ContentsPageExecutive Summary... 2 Section I Applicant Eligibility

How to fill out american dream downpayment initiative

How to fill out american dream downpayment initiative

1. Gather all the required documents such as income proof, credit history, and identification.
2. Contact the participating lender or housing counseling agency of the American Dream Downpayment Initiative.
3. Schedule an appointment to discuss your eligibility and requirements for the program.
4. Complete the application form provided by the lender or counseling agency.
5. Submit all the necessary documents along with the filled-out application form.
6. Wait for the approval of your application by the lender or counseling agency.
7. If approved, attend the required homebuyer education classes.
8. Once you have completed the education classes, sign the necessary agreements and contracts.
9. Work with the lender or counseling agency to secure the downpayment assistance funds.
10. Use the funds provided to make the downpayment for your dream home.

Who needs american dream downpayment initiative?

1. First-time homebuyers who have limited funds for a downpayment.
2. Individuals or families with low to moderate income levels.
3. Those who meet the specific eligibility criteria set by the American Dream Downpayment Initiative.
4. People who are committed to homeownership and maintaining their homes.
5. Individuals who are willing to attend homebuyer education classes and fulfill the program requirements.
6. Anyone who wants to achieve their American Dream of buying a home but are struggling to save for a downpayment.

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What is american dream downpayment initiative?

The American Dream Downpayment Initiative (ADDI) is a program that provides down payment and closing cost assistance to low- and moderate-income first-time homebuyers.

Who is required to file american dream downpayment initiative?

Low- and moderate-income first-time homebuyers who are seeking assistance with down payment and closing costs can apply for the American Dream Downpayment Initiative program.

How to fill out american dream downpayment initiative?

To fill out the American Dream Downpayment Initiative application, applicants need to provide information about their income, assets, and the property they are looking to purchase.

What is the purpose of american dream downpayment initiative?

The purpose of the American Dream Downpayment Initiative is to help first-time homebuyers with low- and moderate-incomes afford the upfront costs associated with purchasing a home.

What information must be reported on american dream downpayment initiative?

Applicants must report their income, assets, and information about the property they are looking to purchase on the American Dream Downpayment Initiative application.