Home

YOURCHOICE DOWN PAYMENT ASSISTANCE GRANT | OHIO HOUSING FINANCE AGENCY

Offers first-time homebuyer's down payment and closing cost assistance and a favorable mortgage interest rate through Ohio Housing Finance Agency's (OHFA) Down Payment Assistance Program. Gives eligible borrowers use of the grant to reduce the out-of-pocket expenses associated with buying a home.

Categories

Housing Down Payment Loans/Grants

Data provided by

211 Summit

Physical Address

2600 Corporate Exchange Drive, Suite 300, Columbus, OH 43231

Hours

Same as site hours.

Fax

(614) 644-5393

Application process

Call the office or visit the website for more information or to apply for the program.

Fee

Gives eligible borrowers a grant in the amount for 2.5% or 5% of the home's purchase price. Assists borrowers to pay for the down payment, closing costs or other prepaid expenses incurred prior to closing (may not cover all out-of-pocket expenses required). NOTE: Using the grant will result in a slightly higher interest rate.

Eligibility

To qualify for the program: - Must be a first-time homebuyer. - Meet specific income, purchase price, and credit score guidelines. Call for details. In addition, homebuyer must either: - Complete a free homebuyer education course offered by any housing counseling agency approved by the United States Department on Housing and Urban Development, or - Use the streamlined OHFA homebuyer education program.

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.