Mortgage Rates 
The mortgage rate for your OHFA loan depends on which homeownership product you qualify for and whether or not you choose to take advantage of downpayment assistance or other product options. Rates may change from time to time, so please check back often for the current rates.
Credit Score Requirements
- The credit score for borrowers using OHFA's First Time Homebuyer Programs must equal at least 640 or higher.
| 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 | 3.25% | 3.50% | 3.50% | 3.75% |
| Ohio Heroes product | 3.00% | 3.25% | 3.25% | 3.50% |
| New Home Sweet Home product | 3.50% | 3.75% | 3.75% | 4.00% |
| New Home Sweet Home product for Ohio Heroes |
3.25% | 3.50% | 3.50% | 3.75% |
| Loans with Down Payment Assistance | ||||
| First-Time Homebuyer program w/ 2.5% Down Payment Assistance grant |
3.75% | 4.00% | 4.00% | 4.25% |
| Ohio Heroes product w/ 2.5% Down Payment Assistance grant |
3.50% | 3.75% | 3.75% | 4.00% |
| New Home Sweet Home product w/ 2.5% Down Payment Assistance grant |
4.00% | 4.25% | 4.25% | 4.50% |
| New Home Sweet Home product for Ohio Heroes w/ 2.5% Down Payment Assistance grant |
3.75% | 4.00% | 4.00% | 4.25% |
| Grants for Grads product | 3.25% | 3.50% | 3.50% | 3.75% |
| New Home Sweet Home product w/ Grants for Grads product |
3.75% | 4.00% | 3.75% | 4.25% |
