OHFA Ohio Heroes
Funding status: Active
How much assistance
3% for Conventional loans or 3.5% for Government loans (FHA, VA, USDA) of the purchase price, plus a discounted mortgage interest rate (Forgivable Loan)
Forgiven after 7 years. If you sell your home within 7 years, you must repay all of the assistance provided.
Eligibility
- Income limits: Varies by county. Must meet OHFA income limits for your county.
- First-time buyer required: Yes — Must not have owned a home in the past 3 years. Veterans and buyers in targeted areas are exempt.
- Credit score minimum: 640
- Geographic restrictions: Must purchase a home in Ohio. Must work in a qualifying public service profession.
- Homebuyer education required: Yes
How to Apply for OHFA Ohio Heroes
Step 1: Contact an OHFA-approved lender to apply. Qualifying professions: veterans, active-duty military, reserve members, surviving spouses, police officers, firefighters, volunteer firefighters, EMTs, paramedics, physicians, nurse practitioners, nurses (RN, LPN), STNAs, and pre-K through 12th grade teachers, administrators, and counselors.