Real Estate Agent with Keller Williams Greater Columbus Realty #2008000975

The Ohio Housing Finance Agency, a statewide agency that provides affordable housing to low-to-moderate income first time homebuyers, just announced an interest rate reduction for new homebuyers. Effective January 25th, the 30 year fixed rate mortgage for its First Time Homebuyer Programs are:

  • 5.0% for loans without their 2.5% down payment assistance grant
  • 5.5% for loans with the 2.5% assistance grants
  • 4.75% for the Ohio Heroes program without 2.5% assistance grant
  • 5.25 for Ohio Heroes with 2.5% assistance grant (firefighters, police officers, health care workers, and active duty military
  • 5.05 for Grants for Grads 2.5% assistance grant

This is great news for first time home buyers who can be eligible for the $8,000 tax credit, as well as up to 2.5% of the purchase price to pay the down payment, closing costs or other prepaids. Since mortgage rates have crept up over the past several months, this OHFA rate reduction can lessen the impact of recent 30-year fixed rate increases.

For those interested in learning more about OFHA's First Time Home Buyer Programs, Keller Williams Greater Ohio Realty in Pickerington, Ohio is sponsoring a home buyer tax credit seminar with a representative from OHFA. The seminar will be January 28th at Massey's Pizza, 1755 Hill Road North, Pickerington, Ohio at 6:00 pm. Directions to Massey's Pizza: Take I-70E (Wheeling) to OH-256E, Pickerington (Exit 112A); exit right onto 256E. Continue on OH-256 about ¼ mile past Tussing Road. Turn right into strip mall (at Speedway gas station).

 For more information, contact 614-805-7793.

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Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy
Keller Williams Realty - Franklin, TN
It matters to us as much as it matters to you.

Great news for first time buyers in Ohio.  It is good to know that agents are helping to notify buyers of these opportunities.  Keep up the great work Bernadine.

Jan 26, 2010 03:24 PM #1
Bernadine Hunter, SFR, ACRE
Keller Williams Greater Columbus Realty - Pickerington, OH
"Finding Solution to Your Real Estate Needs"

Thanks for the encouraging words!

Jan 26, 2010 03:36 PM #2
Renée Donohue
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker -

WOW this looks like a great program to combine with the tax credit!!  I hope many of the eligible people will participate in this!

Apr 22, 2010 12:56 PM #3
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Bernadine Hunter, SFR, ACRE

"Finding Solution to Your Real Estate Needs"
I Specialize in Finding Solutions to all Your Real Estate Needs
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