Down Payment Assistance, Ohio
There are many forms of down payment assistance in Ohio ranging from $2,000 to $25,000 and other money saving programs. We are constantly checking on availability to help our buyer clients.
Contact us about current assistance and learn more about programs below this form.
More About Down Payment Assistance
We and the preferred lenders we work with are familiar with all the different types of down payment assistance Ohio offers. The Cincinnati OH real estate market benefits nearly every year from a $5,000 home buyer grant that usually comes out near the end of February.
OHFA Down Payment Assistance, Ohio
Another form of down payment assistance many can take advantage of is OHFA or Ohio Housing and Finance Authority. This entity offers 2.5% of the purchase price in the form of a forgivable grant. For instance, if you go with an FHA loan of 3.5% down, your down payment will be a mere 1%. Happy news for many!
Pay your loan faithfully for 7 years and the amount is forgiven and comes of the mortgage debt, saving you money initially and over the long haul. Grants and programs like OHFA can be used in combination with other home loan types with low down payments.
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We buy and sell dozens of homes annually and are intimately familiar with helping first-time buyers though you don't necessarily have to be a first-time buyer to take advantage of many home buyer incentives.
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