Mortgage Rates 
The mortgage rate for your OHFA loan depends on which homeownership program you qualify for and whether or not you choose to take advantage of downpayment assistance or other program options. Rates may change from time to time, so please check back often for the current rates.
Credit Score Requirements
- The credit score for borrowers NOT using OHFA Down Payment Assistance must equal at least 620 or higher.
- The credit score for borrowers using OHFA Down Payment Assistance must equal at least 640 or higher.
| Government Loans with 1% Origination Fee | Government Loans with No Origination Fee | Conventional Loans with 1% Origination Fee | Conventional Loans with No Origination Fee | |
|---|---|---|---|---|
| Loans without Downpayment Assistance | ||||
| First Time Homebuyer Program | 3.75% | 4.00% | 3.875% | 4.125% |
| Ohio Heroes | 3.50% | 3.75% | 3.625% | 3.875% |
| New Home Sweet Home | 4.00% | 4.25% | 4.125% | 4.375% |
| New Home Sweet Home for Ohio Heroes |
3.75% | 4.00% | 3.875% | 4.125% |
| Loans with Downpayment Assistance | ||||
| First Time Homebuyer Program w/ 2.5% Downpayment Grant |
4.25% | 4.50% | 4.375% | 4.625% |
| Ohio Heroes w/ 2.5% Downpayment Grant |
4.00% | 4.25% | 4.125% | 4.375% |
| New Home Sweet Home w/ 2.5% Grant |
4.50% | 4.75% | 4.625% | 4.875% |
| New Home Sweet Home for Ohio Heroes w/ 2.5% Grant |
4.25% | 4.50% | 4.375% | 4.625% |
| Grants for Grads | 3.75% | 4.00% | 3.875% | 4.125% |
| New Home Sweet Home w/ Grants for Grads |
4.00% | 4.25% | 4.125% | 4.375% |
