Massive news if you are looking to buy a home in Ohio right now!

The Ohio Housing Finance Agency (OHFA) just launched a temporary rate sale for eligible first-time buyers, slashing interest rates down to 3.5%. Compared to standard market rates hovering around 6.56%, this is the biggest affordability boost we have seen in years.

The Real Math

On a $350,000 purchase with 3% down, dropping to a 3.5% rate saves you over $600 every single month.

This completely changes the game for your budget. It instantly lowers your monthly payment, boosts your purchasing power, and puts homes back on your radar that originally were out of reach.

Who Qualifies?

“First-time buyer” is broader than you think. You can qualify if you simply have not owned a primary home in the past three years.

Income and purchase price limits do apply based on your county.

Why You Need to Act Fast

  1. It is temporary. We do not know when OHFA will pull the plug.
  2. Not every lender offers this. It requires a special OHFA certification. Fortunately, I partner with approved local lenders who are ready to lock this in for you.

If high rates forced you to pause your home search, you are officially back in the game!

Let’s connect today so I can put you in touch with one of my highly qualified lenders to see if we can secure this 3.5% rate for your dream home!