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Down Payment Program - OH

Eligible buyers can combine OHFA's Down Payment Assistance Grant with our homeownership loan programs to help pay for down payments, closing costs, and other out-of-pocket expenses associated with buying a home. 

If paying for a down payment and closing costs have kept you from getting into a home of your own, OHFA's Down Payment Assistance Grant may be able to help. Eligible borrowers participating in the First-Time Home Buyer Program, Target Area Loan Program, and Ohio Heroes Program can use the grant to greatly reduce the out-of-pocket expenses associated with buying a home.
If you qualify for one of OHFA's home loan programs, you can choose to take advantage of the Down Payment Assistance Grant.
  • OHFA will issue a grant in an amount up to 2.5% of your home's purchase price.
  • You can use the grant to pay for the down payment, closing costs, or other prepaid
    expenses incurred prior to closing. Keep in mind that while the grant will greatly
     reduce your expenses, you may still be required to pay for some costs out of pocket.
  • If you take advantage of the grant, your mortgage interest rate will be .5% higher
     than OHFA's current mortgage rates.
Do I Qualify?
To qualify for the Down Payment Assistance Grant, you must meet all requirements for your OHFA homeownership loan program. Check requirements for the First-Time Homebuyer Program, Target Area Loan Program, and Ohio Heroes Program.
In addition, you must either:
  • Complete a free homebuyer education course offered by any HUD-approved housing counseling agency, or
  • Use the streamlined OHFA homebuyer education program.




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