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Homes for Heroes - a Columbus Area First Time Home Buyer Program

You'd be suprised how affordable homes between broad and long can be on the near east sideYou already know about the Bat Cave & the Fortress of Solitude, but do you know there is a program out there for Ohio’s so called heroes where, if you qualify, you can get some pretty nice rates?

Ohio Heroes work hard every day in critical jobs to make a difference in our lives. The Ohio Housing Finance Agency (OHFA) offers a 30-year, fixed-rate mortgage to full-time employees in the following professions:

Loans through the Ohio Heroes Program will be at a quarter percent below OHFA’s First-Time Homebuyer Program rates. The borrowers must meet OHFA’s standard mortgage guidelines, which provide low, competitive mortgage rates through conventional loans or FHA, VA and USDA-RD government loans.

5.50% for Ohio Heroes without down payment assistance
5.90% for Ohio Heroes with down payment assistance

Fees 1% origination fee and $150 transfer fee and $79 tax service fee and a .25% adverse market fee (conventional loans only)
 
Qualified Borrowers
Nontargeted areas: First-time buyer (persons not owning and occupying their principal residence in past three years)
Targeted areas: Anyone may purchase, but must reside in the property  (View Ohio’s targeted areas)
Everyone must meet certain household income limits

To learn more about the Ohio Heroes Program, call toll free at 1-888-362-6432.

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  1. […] the Bat Cave &amp the Fortress of Solitude, but do you know there is a program out there for Ohio??shttp://www.columbushomesblog.com/2008/04/01/homes-for-heroes-a-columbus-area-first-time-home-buyer-p…Housing aid bills face vetoes AP via Yahoo! News Strapped homeowners could refinance into […]

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