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Attention - First Time Buyers
New Rate
(Effective 5/02/08)
Current OHFA Information
5.875% 30 Year Fixed Rate **
5.625% for "Ohio Hero's"***
***Active Military Personnel or Military Veterans - Firefighters or
Emergency Medial Technicians-Paramedics
Healthcare workers - Police Officers - Teachers
(Call for additional Requirements)
Cuyahoga,
Lorain, Medina, Geauga and Lake Counties
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NONTARGET AREAS |
TARGET AREAS |
| Income Limits | Income Limits |
| 1 or 2 person family: $62,100 | 1 or 2 person family: $74,520 |
| 3 or more person family: $71,415 | 3 or more person family: $86,940 |
| Sales Price Limits | Sales Price Limits |
| New Construction or Existing Single Family | New Construction or Existing Single Family |
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New Limit: $267,795 |
New Limit: $327,305 |
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Higher Limits available for 2, 3 or 4 Family Properties, Call for Details |
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Tim Bradford
American Midwest Mortgage Corp
216-324-8113
Down Payment Assistance Is Available.
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Loans are available on a fair and equal basis regardless of race, color, religion, sex, familial status, national origin, military status, disability or ancestry. Please visit www.ohiohome.org for more information. ** FHA, VA Loan Limits may applyThe Ohio Housing Finance Agency is an Equal Opportunity Housing entity. We are a participating lender with the Ohio Housing Finance Agency |
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Estimate your payment using $5.92 Per 1,000 Borrowed
** APR Based upon purchase price of $150,000.00. 6.03% APR is
based upon a VA purchase for a qualified veteran that is receiving VA Disability
and 100% financing. 6.50% is based upon a 95% Conventional Loan with 0.56% PMI
Factor. Some loans require different monthly PMI Factors and upfront premiums
that will result in higher APR's