Your Choice! Down Payment Assistance

If paying for a down payment and closing costs have kept you from getting into a home of your own, OHFA's Down Payment Assistance may be able to help. Eligible borrowers utilizing OHFA Homeownership Programs can use the assistance to greatly reduce the out-of-pocket expenses associated with buying a home.

If you qualify for one of OHFA's home loan products, you can choose to take advantage of the Down Payment Assistance.

  • Your Choice! Down Payment Assistance allows homebuyers to choose either 2.5% or 5% of the home's purchase price. Assistance can be applied toward your down payment, closing costs or other pre-closing expenses.
  • If you take advantage of the assistance, your mortgage interest rate will be slightly higher than OHFA's current mortgage rates.
  • The down payment assistance will be issued as a second mortgage with a 0% interest rate and no payment due. Down payment assistance is forgiven after seven years. If you sell or refinance your home within seven years, you must repay all of the assistance provided.
Do I Qualify?

To qualify for Down Payment Assistance, you must meet all requirements for your OHFA loan product.

In addition, you must either:

  • Complete a free homebuyer education course offered by any HUD-approved housing counseling agency, or
  • Use OHFA's Streamlined Homebuyer Education.

Learn more about your homebuyer education options.

Downloadable Information

You can download information about our loan products from our download center.


Your lender and/or real estate agent can guide you through the home buying process and answer any questions you may have regarding OHFA's Down Payment Assistance. You can also check out our homeownership FAQs for more information.

If you need additional assistance, please contact:

Office of Homeownership
Ohio Housing Finance Agency
57 East Main Street
Columbus, Ohio 43215


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.


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