The Ohio Housing Financing Agency has multiple Programs available to home buyers in Ohio.

homebuyer program The Ohio Housing Finance Agency (OHFA) offers several affordable loan options to help you achieve your dream of homeownership. OHFA offers 30-year, fixed-rate FHA, VA, USDA-RD and conventional mortgage loans with generous income and purchase price limits designed especially for homebuyers with low- and moderate-incomes.

down payment assistance Your Choice! Down Payment Assistance allows homebuyers to choose either 2.5% or 5% of the home's purchase price. Assistance can be applied towards down payments, closing costs or other pre-closing expenses. This assistance is forgiven after seven years. If you sell or refinance your home within seven years, you must repay all of the assistance provided.

grants for grads Congratulations, graduate! The Ohio Housing Finance Agency's (OHFA) Grants for Grads provides a discounted mortgage interest rate to recent graduates as an additional incentive for you to make Ohio your home. Grants for Grads includes 2.5% or 5% down payment assistance. Down payment assistance is forgiven after five years as long as you remain in the state of Ohio. If you sell your home and move out of Ohio within five years, you must repay some or all of the assistance provided.

ohio heroes The Ohio Housing Finance Agency's (OHFA) Ohio Heroes rewards Ohio residents who serve the public with a discounted mortgage interest rate.

mortgage tax credit The Ohio Housing Finance Agency's Mortgage Tax Credit provides homebuyers with a direct federal tax credit on a portion of mortgage interest paid, which could provide up to a $2,000 tax savings per year. Homebuyers must have a tax liability in order to use this non-refundable credit. The mortgage tax credit is in addition to the IRS home mortgage interest deduction. The size of the tax credit a homeowner receives is based on the location, property and type of mortgage:

next home OHFA's Next Home program provides 30-year, fixed-rate mortgages to those who are not first-time homebuyers. Available loans include conventional, FHA, VA and USDA-RD government loans. Homebuyers are able to couple Next Home with 2.5% YourChoice! Down Payment Assistance. Homebuyers are not required to use these down payment assistance products if they have their own down payment funds.

How do I apply?

Homebuyers can apply with one of the following local institutions. 


to search for another institution, click here.

Income and Purchase Price Limits do apply and are as follows.






for a complete list of income and purchase price limits, click here.