Certain Ohio residents are eligible for great mortgage rates for first time home buyers. The Ohio Heroes Program is a new first time home buyer program that aims to help Ohio residents in certain professions qualify for a 30-year, fixed rate mortgage.
These loans are made through the Ohio Housing Finance Agency (OHFA) and are available to qualified full-time employees in the following professions:
- Active Military
- Emergency Medical Technicians
- Firefighters
- Healthcare Workers
- Military Veterans
- Paramedics
- Police Officers
- Teachers
Loans through the Ohio Heroes Program will be at a quarter percent below OHFA’s First-Time Homebuyer Program rates. The borrowers must meet OHFA’s standard mortgage guidelines, which provide low, competitive mortgage rates through conventional loans or FHA, VA and USDA-RD government loans. There are income and sales price limitations.
This is a great way for the state of Ohio to recognize the men and women who proudly serve her people.
About OHFA: The Ohio Housing Finance Agency is an independent OH state agency that offers affordable housing opportunities for Ohioans from rental assistance to homeownership. The Agency’s programs serve first-time home buyers, renters, senior citizens and other populations with special needs who otherwise might not be able to afford quality housing.
Not in OH? Be sure to check for similar agencies within your state.
