OHFA interest rates lower

the Ohio Housing Finance Agency has lowered their interest rates to the following effective September 8, 2011:

4.25% with 0 points 30 year fixed without downpayment assistance

4.75% with 0 points 30 year fixed with 2.5% of sale price downpayment assistance grant

4% with 0 points 30 year fixed for OHIO Heroes (medical, police, fire, teachers)

4.5% with 0 points 30 year fixed for OHIO Heroes with downpayment assistance grant


this program is good for the purchase of single family owner occupied properties purchased by first time buyers or a borrower who has NOT owned a property in the last 3 years, that meet the income and sales price guidelines

a downpayment assistance grant equal to 2.5% of the sale price is available to borrowers who meet the guidelines and participate in homebuyers counseling prior loan closing

This is good for FHA, VA or USDA Rural housing loans

for more information call 440.452.3894 or go to http://www.ohiohome.org/programs.aspx



About lizschneider66

Mortgage consultant with over 19 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news. I am Vice President of the North Coast Building Industry Association, Lorain County Association of Realtors, Working Women Connection and Womens Council of Realtors.
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