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First Time Home Buyer
Thousands of low- and moderate-income Ohioans have purchased homes of their own thanks to OHFA’s First-Time Homebuyer Program. The competitive interest rates and mortgage options on our 30-year, fixed-rate mortgage loans make it affordable for qualifying buyers to realize the dream of homeownership.

Do I Qualify?
Applicants for the First-Time Homebuyer Program must meet OHFA income limits, and properties must meet purchase price limits. The limits vary by city and town. 

To qualify for an OHFA loan, you must also qualify as a first-time homebuyer.
  • Someone who has never owned real estate.
  • Someone who has not owned or had an ownership interest in his/her principal residence in the last three years.
  • Be a qualified military veteran.
  • Purchase a home in a target area. 
  • Be creditworthy. Minimum credit scores may apply.
  • Have a signed Purchase and Sales Agreement for a qualifying property.
  • Qualify for the loan being requested. Lenders will assess your ability to afford a home by considering income, assets, job stability, liabilities, and other criteria.
Additional property requirements:
  • Properties are limited to two acres unless additional acreage is required by local health or safety code.
  • Qualifying properties include:
    • Existing homes: single-family dwellings, duplexes, and up to four-unit properties
    • Spec/Nearly completed homes: one-unit single-family dwellings
    • Modular/Manufactured homes: one-unit single-family dwellings, permanently affixed to a foundation

6551 Harrison Avenue, Cincinnati, OH  45247
Office:  (513) 598-5900
Fax:  (513) 598-5153
Copyright © 2020 Option Financial, LLC (NMLS #2380)
A subsidiary of New Foundation Savings Bank (NMLS #487896)

Copyright © 2008 OPTION FINANCIAL, LLC

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