First-Time Homebuyer

First-Time Homebuyer

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.

How Do I Apply for an OHFA Loan?

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.

Your Credit Score

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

Income and purchase price limits vary by Ohio county and community. View the income and purchase price limits in your area.

Target Areas

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.

Am I Eligible?

You may qualify for an OHFA First-Time homebuyer program if you meet one of the criteria listed below:

  • Someone who has not had an ownership interest in his/her primary residence in the last three years.
  • Be an honorably discharged veteran.; or
  • Purchase a home in a target area.

* Please view a complete list of eligibility criteria.

Which OHFA Loans are Right for Me?

Buyers can add one or more of the following options to an OHFA FHA, VA, USDA-RD or conventional mortgage loan:

Homebuyer Education

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.


The Ohio Housing Finance Agency | 57 East Main Street | Columbus, Ohio 43215
Toll Free 888.362.6432 | Phone 614.466.7970 | Fax 614.644.5393 | TDD 614.466.1940

John Kasich, Governor, State of OhioLegal Statement and Policies

Scroll to Top