Need some financial help to buy a home? The Ohio Housing Finance Agency (OHFA) offers down payment and closing costs assistance for future homebuyers.
When you qualify for the Ohio Housing Finance Agency’s Your Choice! Down Payment Assistance program, you can choose either 2.5% or 5% of the home’s purchase price. Assistance can be applied toward down payments, closing costs, or other pre-closing expenses. This assistance is forgiven after seven years. If you sell or refinance your home within seven years, you must repay all of the assistance provided.
OHFA offers 30-year, fixed-rate conventional, FHA, VA and USDA-RD government loans with generous income and purchase price limits, designed especially for homebuyers with low-and-moderate incomes.
See if you’re eligible; visit http://www.myohiohome.org