OHFA Homebuyer + Down Payment Assistance

About This Program

OHFA offers 30-year fixed-rate FHA, VA, USDA, and conventional mortgages with down payment assistance of 3% (conventional) or 3.5% (government loans). Assistance is forgiven after 7 years. First-time buyers and target-area buyers eligible.

On a $150,000 home: ~$4,500-$5,250 in DPA forgiven after 7 years

Key Details

• 30-year fixed-rate mortgage through OHFA-approved lenders
• 3% DPA for conventional, 3.5% for FHA/VA/USDA loans
• Down payment assistance forgiven after 7 years
• Minimum credit score: 640 (conventional) or 650 (FHA)
• Free homebuyer education required

How to Apply

Deadline: Ongoing — apply through OHFA-approved lender