Mortgage Rates

  • Today's Mortgage Rates

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. Mortgage rates are updated every Monday through Friday at 9:30am.


Credit Score Requirements

  • Please note that credit score requirements may be higher for different loan types. Please check with your lender for specific requirements. The minimum credit score for borrowers using OHFA Homebuyer Programs are:

    Loan Type:
    Conventional, USDA, VA = 640
    FHA = 660

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

Mortgage Interest Rates

Updated 6/27/17 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 3.75% 4.25% 4.75%
     Ohio Heroes 3.50% 4.00% 4.50%
     Grants for Grads N/A 4.125% 4.625%
Next Home (for non first-time homebuyers) N/A 4.25% 4.75%
Conventional Loans (Fannie Mae HFA Preferred) 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