OHIO GRANTS FOR GRADS
Grants for Grads offers attractive down payment assistance options of 2.5% or 5%. This down payment aid becomes forgivable after a five-year period, provided you continue residing in Ohio. However, should you decide to sell your home and relocate outside Ohio within the initial five years, there may be a requirement to repay a portion or the entirety of the assistance extended. Explore the benefits of Grants for Grads to secure your home purchase in Ohio.
Am I Eligible?
You may qualify for an OHFA homebuyer program if you meet the criteria listed below:
You have not owned or had an ownership interest in your primary residence in the last three years.
You meet income and purchase price limits.
You meet credit score requirements.
Conventional, USDA and VA Loans: 640 or higher
FHA Loans: 650 or higher
You meet debt to income ratios for your loan type.
Borrowers must have graduated within the last 48 months with an associate's, bachelor's, master's, doctorate or other post-graduate degree from an accredited college or university.
