Ohio Homebuyer Plus | Ohio Treasurer
Offers an enhanced interest savings account for prospective homebuyers.
Categories
Data provided by
211 Summit
Physical Address
30 East Broad Street, 9th Floor, Rhodes Office Tower, Columbus, OH 43215
Hours
Varies by participating financial institution.
Voice
Website
Application process
Call the Ohio Treasurer or email [email protected] for more information. Visit the website at https://tos.ohio.gov/homebuyerplus to find a participating financial institution. Must contact a participating financial institution to apply for an account.
Fee
No fees associated with opening an account.
Eligibility
To qualify for enhanced interest savings through an Ohio Homebuyer Plus account, an eligible accountholder must: - Be a resident of the State of Ohio with a primary residence in Ohio. - Have a Social Security Number or Individual Taxpayer Identification Number. - Be at least 18 years of age. - Only use the account proceeds toward the down payment or closing costs of a home purchase in Ohio. Note: Accounts connected with Ohio Homebuyer Plus must be used within five (5) years, maintain a minimum balance of at least $100, and cannot exceed a maximum balance of $100,000. Funds not used for an eligible home purchase may result in State of Ohio tax reporting requirements and possible tax liabilities.
Languages
None.
Service area
Ohio
Agency info
Ohio Treasurer
Provides banking, cash management, investment, and accounting services for state government. Provides loans and programs to the general public and small business owners.