The following fees may apply to your OHFA loan:
And each county has income and purchase limits. Click on the county of your choice – Butler, Clermont, Hamilton and Warren. Make sure you are a qualified buyer and purchasing a qualified property within the acreage limitation.
The federal recapture tax provision may apply to all loans in this program. Review information that begins on page 27 for the IRS explanation on recapture of federal subsidy.
Many buyers need to see if this is the best program -for many FHA home loans are a better deal. Either way if you have a credit score of at least 640- you shouldn’t put off the decision to buy a home or condo.