You don’t have to have thousands of dollars saved for a down payment! There are programs that can help. Homeownership is closer than you think! OHFA can help!
If you’re in the market for a home and need help with down payment and closing costs, the OHFA Advantage conventional loan provides additional down payment assistance in the form of a grant in the following amounts:
- $2,500 for homebuyers whose income fall within 50 percent of the area median income in the county they purchase a home
- $1,500 for homebuyers whose income fall within 80 percent of the area median income in the county they purchase a home
This assistance is in addition to OHFA’s 2.5% or 5% Your Choice! Down Payment Assistance. OHFA Advantage can only be used with conventional loans.
Learn More: https://myohiohome.org/homebuyeradvantage.aspx
Source: n/a / OHFA
