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.

 

Single Family Market Rates Government Loans with .50% Origination Fee Conventional Loans with .50% Origination Fee
Loans without Down Payment Assistance
First-Time Homebuyer program 4.00% 4.625%
Ohio Heroes product 3.75% 4.375%
Loans with Down Payment Assistance
First-Time Homebuyer program w/ 2.5% Down Payment Assistance 4.50% 5.125%
Ohio Heroes product w/ 2.5% Down Payment Assistance 4.25% 4.875%
Grants for Grads product 4.25% 4.875%

 

 

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