What are OHFA loans?
The Ohio Housing Finance Agency (OHFA) facilitates the development, rehabilitation and financing of low- to moderate-income housing. The Agency’s programs help first-time homebuyers, renters, senior citizens, and others find quality affordable housing that meets their needs.
OHFA offers affordable housing opportunities for Ohioans including first-time homebuyers, renters, senior citizens, and other populations with special needs who otherwise might not be able to afford quality housing.
First-Time Homebuyer Program
OHFA offers a variety of products under its First-Time Hombuyer Program that can assist Ohioans with purchasing a home.
OHFA’s First-Time Homebuyer program offers several loan products for buyers based on their needs. Products that fall under the First-Time Homebuyer program include:
- Target Area Loan product
- Ohio Heroes product
- Down Payment Assistance (up to 2.5% of the purchase price)
- Grants for Grads product
- Mortgage Credit Certificate product
- 203(ks) Loan product
To learn more about OHFA and the mentioned programs and how you can take advantage of them, contact a Concord Loan Officer today.