Mortgage Rates

The mortgage interest rate for your OHFA loan depends on which homeownership product you qualify for and if you choose to take advantage of down payment assistance or other product options. Rates are subject to change daily. To view current mortgage interest rates, please visit this page often and refresh your browser by pressing "F5" on your keyboard.

Credit Score Requirements
  • The minimum credit score for borrowers using OHFA's First Time Homebuyer Programs are as follows for the various loans below:

    FHA = 660
    Conventional:
    <= 95% LTV = 640
    >95% LTV = 680
    VA, USDA = 640
– Updated 2/9/16 at 9:30am
Mortgage Interest Rates No Assistance 2.5%
Down Payment Assistance
5%
Down Payment Assistance
Government Loans (FHA, VA, USDA-RD) with .50% Origination Fee
First-Time Homebuyer program 3.25% 3.75% 4.25%
     Ohio Heroes 3.00% 3.50% 4.00%
     Grants for Grads N/A 3.625% 4.125%
Next Home (for non first-time homebuyers) N/A 3.75% 4.25%
Conventional Loans (Fannie Mae HFA Preferred) with .50% Origination Fee
First-Time Homebuyer program 3.75% 4.25% 4.75%
     Ohio Heroes 3.50% 4.00% 4.50%
     Grants for Grads N/A 4.125% 4.625%
Next Home (for non first-time homebuyers) N/A 4.25% 4.75%
Additional Rate Sheet
 

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