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

Loan Type:
Conventional, USDA, VA and FHA 203(k) Loans: 640 or higher
FHA Loans (Non-203(k)): 660 or higher. Credit scores of 650-659 are acceptable for an additional fee.

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


Mortgage Interest Rates

Updated 4/24/19 at 9:30am

Traditional First-Time Homebuyer Program

Government Loans (FHA, VA, USDA-RD) 30-Year Fixed Rate Loans
  First-Time Homebuyer Program Ohio Heroes Grants for Grads
With No OHFA Assistance 4.00% 3.75% N/A
With 2.5% OHFA Assistance 5.00% 4.75% 4.875%
With 5% OHFA Assistance 5.625% 5.375% 5.50%
Conventional 30-Year Fixed Rate Loans
  First-Time Homebuyer Program Ohio Heroes Grants for Grads
With No OHFA Assistance 4.375% 4.125% N/A
With 2.5% OHFA Assistance 5.25% 5.00% 5.125%
With 5% OHFA Assistance 5.75% 5.50% 5.625%

Next Home

Government Loans (FHA, VA, USDA-RD) 30-Year Fixed Rate Loans
  Non-First-Time Homebuyer Program Ohio Heroes
With No OHFA Assistance 4.125% 3.875%
With 2.5% OHFA Assistance 5.25% 5.00%
Conventional 30-Year Fixed Rate Loans
  Non-First-Time Homebuyer Program Ohio Heroes
With No OHFA Assistance 4.75% 4.50%
With 2.5% OHFA Assistance 5.625% 5.375%

MTC Plus

Government Loans (FHA, VA, USDA-RD) 30-Year Fixed Rate Loans
  First-Time Homebuyer Program Ohio Heroes Grants for Grads
With No OHFA Assistance 4.125% 3.875% N/A
With 2.5% OHFA Assistance 5.25% 5.00% 5.125%
Conventional 30-Year Fixed Rate Loans
  First-Time Homebuyer Program Ohio Heroes Grants for Grads
With No OHFA Assistance 4.75% 4.50% N/A
With 2.5% OHFA Assistance 5.625% 5.375% 5.50%

FHA 203(k) Renovate Ohio

Government Loans (FHA, VA, USDA-RD) 30-Year Fixed Rate Loans
  First-Time Homebuyer Program & Next Home Ohio Heroes (FTHB & NH Only) Grants for Grads (FTHB Only)
With No OHFA Assistance 5.00% 4.75% N/A
With 2.5% OHFA Assistance 6.25% 6.00% 6.125%

Additional Rate Sheet