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OHFA Mortgage Tax Credit

Ohio Housing Finance Agency

check-availability state

About This Program

A federal tax credit of up to 40% of annual mortgage interest paid, capped at $2,000 per year, for first-time homebuyers using OHFA programs. This is in addition to the standard IRS mortgage interest deduction. Can be combined with other OHFA products.

On $150,000 mortgage at 6.5%: ~$2,000/year credit

Key Details

  • First-time homebuyers only
  • 40% of annual mortgage interest (up to $2,000)
  • Non-refundable federal tax credit
  • Can combine with OHFA DPA programs
  • Check availability; program may have limited funding

How to Apply

Deadline: Subject to funding availability

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