OHFA Mortgage Tax Credit

Ohio Housing Finance Agency

Open Home Repair

About This Program

Federal tax credit equal to 40% of annual mortgage interest (up to $2,000) for OHFA loan holders, or 15-20% for non-OHFA loans. First-time homebuyers can claim this credit every year for the life of the mortgage.

On $150K mortgage at 6.5%: ~$2,000/year credit with OHFA loan

Key Details

  • Tax credit of 40% of mortgage interest with OHFA loan
  • Maximum $2,000 annual federal tax credit
  • 15-20% credit available with non-OHFA mortgages
  • Claimed annually for life of the mortgage
  • First-time homebuyers only

How to Apply

Deadline: Ongoing, apply through OHFA-approved lender

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