Resources for Ohio homebuyers are available through the Ohio Housing Finance Agency (OHFA). The Division encourages you to share information with your clients about OHFA's Grants for Grads Program.
Grants for Grads includes 5% down payment assistance for homebuyers who have received an associate, bachelor's, master's, or doctoral degree within the last 48 months. The assistance can be used toward a down payment, closing costs, and other prepaid expenses incurred prior to closing.
An example of the Grants for Grads Program:
Purchase Price ---------------------------------- $200,000
FHA Loan ------------------------------------------3.5% down payment requirement
5% Grant for Grads= $10,000 towards a down payment, closing costs and prepaid expenses.
Find Homebuyer eligibility information including qualified lenders, credit score requirements, income limits and more at https://myohiohome.org/downpaymentassistance.aspx
For any questions about the Grants for Grads Program, please email Mike: mike@ficzner.com