First-Time Homebuyer Programs in Ohio

Statewide Programs in Ohio

• Communities First Ohio Down Payment Assistance (The Port)

  Grant · 3%, 4%, or 5% of the purchase price as a grant toward down payment and closing costs

• FHLB Cincinnati Welcome Home Program

  Grant · Grants of $10,000 to $20,000; up to $25,000 for veterans, active-duty military, and surviving spouses

• OHFA Grants for Grads

  Forgivable Loan · 3% for Conventional loans or 3.5% for Government loans (FHA, VA, USDA) of the purchase price, plus a discounted mortgage interest rate

• OHFA Mortgage Tax Credit

  Tax Credit · Federal tax credit of 40% of annual mortgage interest paid, up to $2,000 per year (with OHFA loan). 15-20% with other lenders.

• OHFA Ohio Heroes

  Forgivable Loan · 3% for Conventional loans or 3.5% for Government loans (FHA, VA, USDA) of the purchase price, plus a discounted mortgage interest rate

• OHFA Your Choice! Down Payment Assistance

  Forgivable Loan · 3% for Conventional loans or 3.5% for Government loans (FHA, VA, USDA) of the purchase price