If you are looking for a loan program that will help you cover your down payment and closing costs on your real estate purchase, you’re in luck! There’s a grant from an organization funded by the state of Ohio that can do just that. OHFA 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.
To get more information on this loan and a recommended list of OHFA approved lenders, fill out the contact form below.