Mortgage Rates

  • Today's Mortgage Rates

The mortgage interest rate for your OHFA loan depends on the homeownership product for which you qualify and if you choose to take advantage of down payment assistance or other product options. Rates are subject to change daily. Mortgage rates are updated every Monday through Friday at 9:30 AM.


Credit Score Requirements

Please note that credit score requirements may be higher for different loan types. Check with your lender for specific requirements.

Loan Type:
Conventional, USDA, VA and 203(k) Loans = 640 or higher
FHA 203(b) Loans = 660 or higher

For advice on improving your credit score, please contact a HUD-approved counseling agency in Ohio.


Mortgage Interest Rates

Updated 10/18/17 at 9:30am

  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 3.875% 4.375% 4.875%
     Ohio Heroes 3.625% 4.125% 4.625%
     Grants for Grads N/A 4.25% 4.75%
Next Home (for non first-time homebuyers) N/A 4.375% 4.875%
Conventional Loans (Fannie Mae HFA Preferred, Freddie HFA Advantage & OHFA Advantage 50% & 80% AMI) with .50% Origination Fee
First-Time Homebuyer program 4.375% 4.875% 5.375%
     Ohio Heroes 4.125% 4.625% 5.125%
     Grants for Grads N/A 4.75% 5.25%
Next Home (for non first-time homebuyers) N/A 4.875% 5.375%

Additional Rate Sheet