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REVITALIZE Home Mortgage

REVITALIZE Home Mortgage (RHM) promotes neighborhood revitalization through the creation of sustainable homeownership opportunities by providing access to capital and education in underserved Mahoning Valley communities.

RHM provides a first-mortgage financing source with flexible underwriting criteria for borrowers who don't meet requirements for conventional banking products. Specifically, RHM requires a lower minimum credit score than traditional lenders, accepts alternative sources of credit from applicants without a traditional credit score, and does not count deferred federal student loans in borrowers’ debt-to-income ratio calculations – addressing barriers that typically trigger denials from traditional lenders. Education and accountability measures are also built into the program, providing new homeowners with the tools necessary to ensure that they are successful in the long term and encouraging wealth building. A summary of loan requirements is available for download below. 

Individuals interested in obtaining financing from RHM should call Tammi Neuscheler, YNDC’s Housing Client Manager at 330.480.0423 to enroll in HUD-Approved Pre-Purchase Housing Counseling which is the first step in the program.