Ohio First-Time Homebuyer Savings Account

State of Ohio

Available Down Payment

About This Program

Ohio residents can open a special savings account to save for their first home purchase and deduct contributions from their state income tax. Funds can be used for down payment, closing costs, and eligible expenses. Individual limit of $50,000 in deductions over the life of the account.

Tax deduction benefit varies by contribution amount and tax bracket

Key Details

  • Deduct savings deposits from Ohio income tax
  • Up to $50,000 in lifetime deductions
  • For first-time homebuyers in Ohio
  • Use for down payment and closing costs
  • Must hold account for at least 12 months

How to Apply

Get free help applying Visit Official Program Page Track this program

(888) 405-4039

A grant-savvy contractor in Fairfield, OH can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing, established by state law

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Get matched with a pro, free Browse Fairfield, OH contractors

Find More Programs in Fairfield, OH

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

See All Programs