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 credit score for borrowers using OHFA's First-Time Homebuyer program must equal at least 640 or higher.
– Updated 3/31/15 at 9:30am
|Mortgage Interest Rates||No Assistance||2.5% Down Payment Assistance|
|Government Loans (FHA, VA, USDA-RD) with .50% Origination Fee|
|First-Time Homebuyer program||3.625%||4.00%|
|Grants for Grads||N/A||3.75%|
|Next Home (for non first-time homebuyers)||N/A||4.00%|
|Conventional Loans (Fannie Mae FHA Preferred) with .50% Origination Fee|
|First-Time Homebuyer program||4.125%||4.50%|
|Grants for Grads||N/A||4.25%|
|Next Home (for non first-time homebuyers)||N/A||4.50%|
Additional Rate Sheet
- Market Rate Sheet (120 KB Adobe PDF File)