A Great Option for a First Time Home Buyer

If you are a first time home buyer then this may be the program for you. You can still take advantage of a fixed interest rate and a low monthly payment. Here are some other benefits that may be helpful for getting you into your first home.

  • You may receive a grant in an amount up to 2.5% of your home's purchase price.

  • If you work in a specific field you may also be eligible for the Heroes Program. You can read more about this program in the section below.


What Are The Requirements To Qualify

Applicants for the First-Time Homebuyer Program must meet OHFA income limits, and properties must meet sales price limits. The limits vary by city and town. Contact me to find out what the limit is for your area.

To Qualify for an OHFA Loan You Must Also:
  • Be a first-time homebuyer - someone who has not owned or had an ownership interest in his/her principal residence in the last three years - or be a qualified military veteran.

  • Be creditworthy. Minimum credit scores may apply.

  • Have a signed Purchase or Sales Agreement for a qualifying property.

Additional Property Requirements:
  • Properties are limited to two acres unless additional acreage is required by local health or safety code.

  • Existing homes: single-family dwellings, duplexes, and up to four-unit properties

  • Spec/Nearly completed homes: one-unit single-family dwelling

  • Modular/Manufactured homes: one-unit single-family dwellings, permanently affixed to a foundation


Benefits and Requirements for the Heroes Program

  • Receive .25% off your interest rate.


To Qualify for the Heroes Program you need to be a full time employee who:
  • Active Military, Active Reserve, or a Veteran - Qualified Active Duty Service personnel include Armed Services or Reserve Forces. Qualified veterans include military members honorably discharged from any branch of the U.S. Armed Forces.

  • Firefighters, Emergency Medical Technicians or Paramedics - Sworn paid members of a fire department whose regular duties include fire suppression or prevention, emergency medical response, hazardous materials response.

  • Health Care Workers - Certified, accredited, or licensed health care workers who are employed full-time as a medical resident or fellow, dental hygienist, nurse, nursing assistant, pharmacist, pharmacy technician, physician's assistant, medical technician, technologist, or therapist.

  • Police Officers - Individuals commissioned as a police officer by a federal, state, county, or municipal or township government, or a public or private college or university; must be sworn to uphold, and make arrests for violations of federal, state, county, municipal, or township law or respond to terrorism.

  • Teachers - Individuals employed full-time by an accredited or state recognized public school, private school, or federal, state, county, or municipal educational agency as a state-certified classroom teacher or administrator in grades K-12 or higher education.


First Time Home Buyer Loan
Purchase a new home or refinance your current mortgage into a secure, fixed monthly payment

Loan Term Rate APR Points More Details
OHFA 30 Year
 4.750% 5.125% 0.000 View Details

Assumptions:

  • Purchase price is based on $150,000
  • Downpayment is based on 3.5% or $5,250 down (Loan Amount is $144,750)
  • Interest rate is based on a credit rating of 620 or higher
  • Interest rates are subject to change at anytime
  • Monthly payment will vary depending on your situation
  • My services may not be available in all areas



Finding A Realtor You Can Trust



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If you need help I can refer you to one of my trusted Real Estate Agents.

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