Ohio First Time Home Buyer Grants and Loan Programs

Ohio First Time Home Buyer Grants and Loan Programs

Ohio first time home buyer grants and loan programs - The Ohio Housing Finance Authority (OHFA) has programs available for first time home buyers.

The programs available offer low and moderate income home buyers a 30 year fixed rate home loan/mortgage at an interest rate below comparable market rates. The program has a two-tiered interest rate structure providing qualified buyers the flexibility of choosing an interest rate that best fits their needs. Home buyers not needing assistance with the downpayment and closing costs can take advantage of OHFA's available mortgage rate. For home buyers that need help with a down payment or closing costs, assistance is available with a slightly higher interest rate.

Check out the OHFA website to see if you qualify.

Special Programs for Cincinnati Residents

The Home Ownership Center of Greater Cincinnati will be making a $1,000 downpayment grant to first time home buyers purchasing a house inside city limits, regardless of income.

Potential home buyers must take a nine hour class at the Home Ownership Center in order to qualify for the grant. The home buyer must also be represented in their home search by a member of the Cincinnati Area Board of Realtors.

To see if you qualify for this program, contact a local realtor or check out the The Home Ownership Center of Greater Cincinnati website for more information.

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