Ohio Heroes Program for First Time Home Buyers in the State of Ohio

by: TopGovernmentGrants Editorial Staff

The Ohio Housing Finance Agency, more typically referred to as OHFA, is an independent state agency operating in Ohio that is geared towards providing housing opportunities to first time homebuyers, renters, senior citizens, and other populations with special needs.

The OHFA provides low to moderate income residents of Ohio to purchase homes that are priced within their means and at the same time, offers financial incentives to developers and contractors in an effort to boost the market of affordable rental housing.

Along with this, the agency also offers funding to for-profit and non-profit developers in order to financially assist them in the process of building new properties or rehabilitating or improving existing rental homes.

One of the most popular programs of the Ohio Housing Finance Agency is the Ohio Heroes Program which is exclusively intended for active military men, active reservists, veterans, firefighters, emergency medical technicians, paramedics, and several other individuals with noble professions.

The key features of the loan program are its incredibly low interest rates, 30-year fixed interest rate mortgage plans, flexible interest rate options, and tremendously generous purchase limits.

In order to be eligible to apply for the Ohio Heroes Program, a borrower must be engaged in any of the following line of professions:

a) Qualified Active Duty Service personnel, including Armed Services or Reserve Forces

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Ohio Heroes Program for First Time Home Buyers in the State of Ohio
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About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Rural Community Development Initiative
The Rural Community Development Initiative can be awarded to legally qualified private, public, and tribal groups or organizations that have the experience and capability of providing training and technical assistance to nonprofit community-based housing and community development organizations, as well as low income rural communities.

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Rehabilitation Mortgage Insurance Program
The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the executive branch of the United States federal government.

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Downpayment Assistance Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been running the Downpayment Assistance Program in order to financially assist first time home buyers in the process of covering the downpayment and closing costs of purchasing a home.

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Down Payment Assistance Loan for First Time Home Buyers in New York
In line with this, The State of New York Mortgage Agency has been running the Down Payment Assistance Loan Program (DPAL) wherein it intends to help first time home buyers overcome the setbacks brought about by down payments and closing costs.

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