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All OHFA qualified borrowers must meet each of the following criteria:
- Applicants must meet OHFA income limits and properties must meet purchase price limits, which vary by county. View OHFA's income and purchase price limits.
- Applicant must meet debt to income ratios for their loan type.
- You meet credit score requirements:
- Conventional, USDA and VA Loans: 640 or higher
- FHA Loans: 650 or higher
For advice on improving your credit score please contact a HUD-approved counseling agency in Ohio.
- Applicants must purchase a qualifying property that is limited to two acres within a municipal corporation and five acres outside a municipal corporation. Additional acreage may be required by local health or safety code. Qualifying properties include the following:
- Existing homes: single-family dwellings, conforming condominiums, duplexes, and up to four-unit properties.
- Newly built spec/nearly completed homes: one-unit single-family dwellings.
- Modular homes; one-unit single family dwellings.
- Manufactured homes.
- Additional requirements may apply to specific homeownership products.
- Applicants that have a limited credit history, but have a record of paying their rent on time for at least 12 months may use that information to help qualify for a loan. Applicants are still required to meet all other eligibility and underwriting criteria to obtain a loan. For more information see these FAQs.
Eligibility Questions
Please answer the questions below before hitting the 'Am I Eligible' button. |
I am a:
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Choose the following items that apply: |
Ohio Hero |
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What is your credit score?
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What county do you live in?
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What is your household size:
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What is your annual income?
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What is the potential purchase price of your future home?
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