ARE YOU READY TO PURCHASE YOUR FIRST HOME?
We work with the Ohio Housing Finance Agency (OHFA) to provide several affordable loan options for helping you achieve your dream of home ownership. For the First Time Homebuyer, OHFA offers 30 year fixed rate FHA, VA, USDA-RD and conventional mortgage loans with generous income and purchase price limits. Down Payment Assistance allows a First Time Homebuyer to choose either 2.5% or 5% of the home’s purchase price. The assistance can be applied toward your down payment, closing costs or other pre-closing expenses; and is forgiven after 7 years. OHFA provides eligible first time homebuyers with a tax credit to help with home ownership expenses. The credit is up to 40% (up to $2,000) of their annual mortgage interest when using an OHFA mortgage loan.
THINGS TO CONSIDER
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Not for anyone that has owned interest in their primary residence in the last 3 years
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OHFA makes it possible to buy a home with no money down
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Home purchased must be the buyer’s primary residence
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Income and purchase price limits apply
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OHFA’s Next Home Program is a down payment assistance program for non-first time homebuyers
We’ll help you choose the Best Option
Your Choice
OHFA provides your choice of 2.5% or 5% down payment assistance for quailfying homebuyers.
Ohio Heros
Teachers, patient caregivers, firefighters, police officers, and EMT’s receive 2.5% down payment assistance.
Grants for Grads
Recent college graduates qualify for an interest rate discount and downpayment assistance.
Next Home
Not a First Time Home Buyer? We have a program for you that provides a Grant of up to 5%.
