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ohfa: New OHFHA program information for first time home buyers. - 03/02/09 11:34 AM
The following was taken from an email received directly from OHFA.
OHIO FIRST-TIME HOMEBUYER PROGRAMEffective 03/02/2009 @ 12:01am Mortgage Rates            5.625% for loans without 2.5% assistance grant          6.125% for loans with 2.5% assistance grant            5.375% for Ohio Heroes without 2.5% assistance grant            5.875% for Ohio Heroes with 2.5% assistance grant            30-year fixed rate FHA/VA/USDA-RD/conventional loans are eligible2-1 buy downs are permitted, please see the Underwriting Guidelines for  specific product Fees            1% origination fee          $150 transfer fee to Servicer (US Bank fee)          $79 tax service fee (US Bank fee) (not to exceed $90)          .25% Adverse market fee (conventional loans only) Qualified BorrowersNon-target areas: First-time buyer … (0 comments)

ohfa: OHFA offers 2.5% down payment assistance - 02/19/09 10:13 AM
As the economy struggles to come back into balance, potential first time homeowners sometimes need a little boost to their cash flow. The OHFA down payment assistance grant may be the answer. The grant will raise the interest rate by 1/2 of 1% so homebuyers should consider the length of time they plan on owning this home to determine if this is a good fit or not.
The following is taken directly from OHFA's web site.
In some cases, buyers need additional financial assistance to purchase a home. That is why OHFA is offering the new Down Payment Assistance Grant that … (0 comments)

 

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