Day Air Credit Union will pre-qualify borrowers and submit loan applications to the City. Qualifications for City loans:

1. Be an individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property.
2. Have income up to 120% of AMI.
   ~$63,600 per year for a household of 1
   ~$72,720 per year for a household of 2
   ~$81,840 per year for a household of 3
   ~$90,840 per year for a household of 4
   ~$98,160 per year for a household of 5
   ~$105,480 per year for a household of 6
   ~$112,680 per year for a household of 7
   ~$120,000 per year for a household of 8
   AMI information from huduser.gov
3. Completed a City-approved homebuyer education.

1. For qualified individuals, the City of Kettering will provide loans for up to 10% of down payment costs and all closing costs up to $20,000. For each year the borrower occupies the residence as their primary residence, 20% of the loan will be forgiven. The City’s existing Down Payment/Closing Cost Assistance program guidelines and ARPA program rules and regulations will apply. Typical income qualifications and limitations on the purchase price will be waived. The City of Kettering will service its own loans.
2. For qualified individuals, Day Air will provide a mortgage product with special financing for moderate credit scores, up to 100%. Day Air will provide each qualified borrower with homebuyer education approved by the City. Day Air will service its own loans.

The Horne Improvement Assistance Program is designed to help qualifying Kettering homeowners make needed and wanted home upgrades that enhance property value. Program funds can be put toward exterior and interior home improvement(s),

Qualifying Improvements include improvements will be to the interior and exterior of the home and may include improvements to the property such as driveways, landscaping, and tree cutting. “Luxury” improvements (e.g. swimming pools, Hot tubs, lane pools, sports-related improvements) will be ineligible. Day Air and the City of Kettering may determine at their own sole discretion whether or not a proposed improvement project qualifies for its loan product.

If you have questions about whether your home improvement project will qualify, contact Day Air today.

Day Air Credit Union will pre-qualify borrowers and submit loan applications, including projects, and costs to the City. Qualifications for City loans:

1. Must be a Kettering resident.
2. Property to be improved must be occupied by the borrower as their primary residence.
3. The minimum project amount is $5,000.
4. Borrower household’s income does not exceed 120% of AMI.
   ~$63,600 per year for a household of 1
   ~$72,720 per year for a household of 2
   ~$81,840 per year for a household of 3
   ~$90,840 per year for a household of 4
   ~$98,160 per year for a household of 5
   ~$105,480 per year for a household of 6
   ~$112,680 per year for a household of 7
   ~$120,000 per year for a household of 8
   AMI information from huduser.gov

1. For qualified individuals and projects, the City will provide loans for up to 40% of the project cost not to exceed $20,000. In no event will the loan amount exceed the post­ appraised value of the improved The City’s loan proceeds will be applied last to project costs. The City will provide draw inspections for the total project. The City will service its loans. For each year the borrower occupies the residence as their primary residence, 20% of the loan will be forgiven. The City’s existing home improvement assistance program guidelines and ARPA program rules and regulations will apply. 

2. For qualifying individuals and improvement projects, Day Air will fund at least 60% of the project. Day Air loan proceeds will be applied to project costs first. Day Air will service its own loans. Day Air and the City will coordinate loan closings.