OHFA CHANGES LOAN REQUIREMENTS

OHFA has discontinued their down payment assistance and second mortgage programs for home buyers. I copied the below statement from their website.  I would reach out to all of the agents and make them aware.  Depending on where the property is located and income, some of these folks may qualify for the Rural Housing Program.

_______________________________________________________________________________________

As volatility in the financial market continues, offering a product that meets the needs of first-time homebuyers has become increasingly difficult. The ability to obtain capital to continue our programs is severely limited. Despite recent rate increases, program volume has continued at a pace that cannot be sustained. It has become evident that down payment assistance, not interest rate, is the primary reason today’s homebuyers select an Ohio Housing Finance Agency (OHFA) mortgage.