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

FirstHome Mortgage Program in North Carolina
One of the programs of the agency is the FirstHome Mortgage Program wherein they seek to offer 30-year fixed interest rate mortgages to first time home buyers in the State of North Carolina.

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First Time Homebuyer Programs in Connecticut
The Connecticut Housing Finance Authority, otherwise known as CHFA, is a self-supporting quasi-public housing agency operating within the State of Connecticut. The agency was established in the year 1969 in an effort to address the concerns regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

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First Time Homebuyer Programs in California
The programs of CalHFA are constantly guided by its overall agency mission which is to "finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership."

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Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency has constituted the estbalishment of the Keystone Home Loan PLUS Program wherein it aims to offer the lowest PHFA interest rate to first time home buyers in the State of Pennsylvania.

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