The Ohio Housing Finance Agency (OHFA) offers several affordable loan options to help you achieve your dream of homeownership. OHFA offers 30-year fixed rate FHA, VA, USDA-RD and conventional mortgage loans designed especially for homebuyers with low- and moderate-incomes, with generous income and purchase price limits.
OHFA loans do not come directly from OHFA. We work with lenders, credit unions and mortgage companies across the state to offer loans to qualified borrowers. Find an OHFA-approved lender in your area, along with tips to help you with the application process or call us toll-free at 888-362-6432.
If your credit score is below 640, you can take steps to improve your rating. Please note that credit score requirements may be higher for different loan types. Please check with your lender for specific requirements. Contact a HUD approved counseling agency in Ohio for assistance.
Income and purchase price limits vary by Ohio county and community. View the income and purchase price limits in your area.
A target area is an economically distressed area designated by HUD. Homebuyers who purchase a home in a target area do not have to be first-time homebuyers. Find designated target areas in Ohio.
You may qualify for an OHFA First-Time homebuyer program if you meet one of the criteria listed below:
* Please view a complete list of eligibility criteria.
Buyers can add one or more of the following options to an OHFA FHA, VA, USDA-RD or conventional mortgage loan:
Qualified buyers are required to complete free homebuyer education. OHFA's streamlined education program allows you to complete a course offered by any U.S. Department of Housing and Urban Development (HUD) approved counseling agency in Ohio. Please note, OHFA homebuyer education is not completed until after homebuyer has submitted their loan application with their loan officer.