OHFA HOMEBUYER PROGRAM | OHIO HOUSING FINANCE AGENCY
Offers qualifying first-time homebuyers the opportunities to choose from conventional and government-insured loans, all with 30-year fixed-rate mortgages, competitive interest rates, and down payment assistance to reduce out-of-pocket expenses. - Government-insured loans including traditional Federal Housing Administration (FHA), VA, USDA-Rural Development loans, and 203-K (streamline).
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211 Summit
Physical Address
2600 Corporate Exchange Drive, Suite 300, Columbus, OH 43231
Hours
Same as site hours.
Fax
(614) 644-5393
Voice
Voice
Voice
Website
Application process
Call the office or visit the website at www.myohiohome.org for more information, to find a local Ohio Housing Finance Agency (OHFA) approved lender and current interest rates.
Fee
No fee to apply. Offers mortgages at a fixed-rate which must be paid by the borrower.
Eligibility
Applicants for the First-Time Homebuyer Program must meet OHFA income limits, and properties must meet purchase price limits which vary by city and town. Qualifications for an OHFA loan, the applicant must also: - Be a first-time homebuyer - someone who has not owned or had an ownership interest in his/her principal residence in the last three (3) years - or be a qualified military Veteran. - Be creditworthy. The credit score for borrowers not using OHFA Down Payment Assistance must equal at least 620 or higher. The credit score for borrowers using OHFA Down Payment Assistance must equal at least 640 or higher. - Have a signed Purchase and Sales Agreement for a qualifying property in a target area. Call for further details regarding qualifying properties in target areas. - Qualify for the loan being requested. Lenders will assess applicant's ability to afford a home by considering income, assets, job stability, liabilities, and other criteria.
Languages
None.
Agency info
OHIO HOUSING FINANCE AGENCY
Offers affordable housing opportunities for Ohioans. Provides access to financial resources for the development and management of affordable, safe, and sanitary housing. Serve first-time homebuyers, senior citizens, and other populations with special needs who otherwise might not be able to afford quality housing.