State of Ohio Provides Additional Tax Credit to First Time Home Buyers

The State of Ohio is providing an addition to the 2009 Federal Tax credit that compliments the Federal Government’s $8,000 tax credit for first time home buyers who purchase before December 1, 2009. This could have a substantial positive impact on the Cincinnati real estate market by encouragin buyers to make a purchase.


The Ohio Mortgage Credit Certificate Program provides new home buyers an annual credit on their Federal Taxes every year that they own the home.  The Ohio program has limited funds, which means those funds could dry up in the next 30 to 60 days. It is administered through the Ohio Housing Finance Agency. Not all lenders are making loans under the program. Contact me at 513-518-1140 to see how you can take advantage of these programs.