Login   |   Register   |   Friday, November 16, 2018

Save The Dream Ohio

Having difficulties paying your mortgage?  Call the Save the Dream Ohio Hotline at 888-404-4674.  Save the Dream Ohio will connect you with resources in your area that can offer counseling assistance during this difficult time.

So, the Save the Dream Ohio program is back?

OHFA has received $25 million from the Department of the Treasury to assist homeowners in foreclosure.  To disburse the money, OHFA has started a scaled-down version of the Save the Dream Ohio, which initially ended in 2014.

What type of help is available?

Save the Dream Ohio will provide two types of assistance:

  • Rescue Payment Assistance to help homeowners bring their first mortgage current
  • Mortgage Payment Assistance to make some or all of a monthly mortgage payment for up to nine months

Who is eligible?

To be considered for this program, the homeowner must satisfy four criteria:

  • The household’s income must be below $112,375.
  • There must be less than $432,500 remaining on the mortgage.
  • One borrower must have qualified for unemployment benefits after January 1, 2014.
  • Any bankruptcy must be discharged.

How does a homeowner apply?

A homeowner can apply online at savethedreamohio.gov.

How much money is available?

The maximum amount of assistance available to a homeowner is $35,000.

When can homeowners start applying for help?

OHFA started accepting applications on September 26, 2016.

What type of help is not available?

The program will not assist with second mortgages, reverse mortgages, home equity lines of credit, delinquent property taxes, or delinquent homeowner association fees.

How many people does OHFA expect to help?

OHFA’s application estimated that the Rescue Payment Assistance program would help about 1,535 homeowners and the Mortgage Payment Assistance program would help about 1,095 homeowners.

Where can I find more details?

OHFA will release more information at savethedreamohio.gov.  If you have started an application and been assigned a housing counseling agency, you can contact the agency directly.


If you have additional questions or would like foreclosure prevention resources please visit www.SaveTheDream.Ohio.gov or call 888-404-4674.

_______________________________________________________________________________________________
This website provides general legal information and not legal advice.  The law is complex and changes frequently. 
Before you apply any general legal information to a particular situation, consult an attorney. 
If you cannot afford an attorney call 1-866-Law-Ohio (1-866-529-6446) or visit OhioLegalServices.org for your closest legal aid office.

_______________________________________________________________________________________________