Good news about Ohio bond money and first time homebuyers. The Ohio Housing Finance Agency ( OHFA ) First Time Homebuyer Program serving the greater Cincinnati area continue to offer competitive interest rates and programs.
Credit score: The credit score for borrowers using OHFA’s First-Time Homebuyer program must equal at least 640 or higher.
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. OHFA has helped lots of first time homebuyers and if you need to talk a OHFA qualified lender-let me know and I’ll have one contact you.
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. HomeSearch