OHFA Mortgage Tax Credit

About This Program

Federal tax credit equal to 40% of annual mortgage interest paid (up to $2,000/year) when coupled with OHFA first-time homebuyer program. Can also be used standalone at 15-20% of interest. Credit lasts the life of the mortgage.

First-time buyer or target area, credit score 640+, income limits apply

Key Details

• 40% of mortgage interest as federal tax credit (with OHFA loan)
• Maximum $2,000 per year — life of the mortgage
• 15-20% credit available without OHFA loan
• Can be combined with OHFA down payment assistance
• Non-refundable — must have tax liability to use

How to Apply

Deadline: Ongoing