Down Payment Assistance, Ohio
Down payment assistance Ohio 2016 is available in many forms. One form of down payment assistance we often see are grants from $2,000 to $25,000 depending on location and offered by city, county and state entities. We are constantly checking on availability to help our buyer clients. Grant funding tends to run out quickly when offered, usually a matter of a few short months. We also assist with low and no down payment financing.
If you'd like to know if there are grants available in your area, just contact us via the form below. We and the preferred lenders we work with are familiar with all of them and can also help you with low and no down payment financing and work with clients struggling with challenging credit. 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.
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.
We save you thousands in other ways and excel at getting your closing costs covered! Check out these Testimonials
First Time Home Buyer Grants and Down Payment Assistance Ohio
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.