Attention - First Time Buyers
Current OHFA Information
(Effective 08/22/2013 12:01 AM)



 

  Government Loans with 1% Origination Fee Government Loans with No Origination Fee Conventional Loans with 1% Origination Fee Conventional Loans with No Origination Fee
Loans without Down Payment Assistance
First-Time Homebuyer program 3.875% 4.125% 4.25% 4.50%
Ohio Heroes product 3.625% 3.875% 4.00% 4.25%
New Home Sweet Home product 4.125% 4.375% 4.50% 4.75%
New Home Sweet Home product for
Ohio Heroes
3.875% 4.125% 4.25% 4.50%
Loans with Down Payment Assistance
First-Time Homebuyer program w/
2.5% Down Payment Assistance
4.625% 4.875% 5.00% 5.25%
Ohio Heroes product w/ 2.5%
Down Payment Assistance
4.375% 4.625% 4.75% 5.00%
New Home Sweet Home product
w/ 2.5% Down Payment Assistance
4.875% 5.125% 5.25% 5.50%
New Home Sweet Home product for
Ohio Heroes w/ 2.5% Down Payment Assistance
4.625% 4.875% 5.00% 5.25%
Grants for Grads product 3.875% 4.125% 4.25% 4.50%
New Home Sweet Home product
w/ Grants for Grads product
4.125% 4.375% 4.50% 4.75%

Here is a link to the source
http://www.ohiohome.org/homebuyer/rates.aspx

Please note that these rates are not the Annual Percentage Rates (APR)
APR's include some closing costs and any Mortgage Insurance Costs

Contact your lender for additional Information
and also ask about OHFA's Mortgage Credit Certificate Program

Page Maintained, Sponsored and Supported by
Tim Bradford, American Midwest Mortgage, 216-324-8113

The Ohio Housing Finance Agency is an Equal Opportunity Housing entity. Loans are available on a fair and equal basis regardless of race, color, religion, sex, familial status, national origin, military status, disability or ancestry.
**FHA, VA Loan Limits may apply. We are a participating lender with the Ohio Housing Finance Agency

Tim Bradford
American Midwest Mortgage Corp
216-324-8113
Down Payment Assistance Is Available.

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 apply
The Ohio Housing Finance Agency is an Equal Opportunity Housing entity.
American Midwest Mortgage is a participating lender with the Ohio Housing Finance Agency

Estimate your payment using $6.16 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