Skip to main content What to Expect

Thank you for choosing an OHFA loan on your journey to homeownership! Our homebuyer guide is a great resource to reference while also viewing the information below to know what to do and what you can expect as you navigate the loan process:


Meet with an OHFA Approved Lender and Bring the Borrower Checklist Documents

OHFA works with a network of Ohio lenders including banks, credit unions and mortgage companies. Find an OHFA-approved lender in your area, along with tips to help you with the application process, or call us toll-free at 888.362.6432.

Borrower Checklist:

  • Social Security number
  • Tax returns and W2's for the last three years
  • Paycheck stubs from the last 30 days
  • Checking and savings account statements for the last 30 days
  • Bankruptcy paperwork (If applicable)
  • Divorce paperwork (If applicable)
  • Copy of purchase contract (If you have already found a home and are under contract)

Your real estate agent may request a prequalification letter. Please ask your lender; however, a prequalification letter should not be considered a loan approval.

Complete the Loan Application

Once you have found a home and obtained contract acceptance, you will complete the loan application. Your lender may require more documentation during the application process. Ask your lender for an estimate of all costs associated with your loan.

Complete Homebuyer Education

OHFA requires free homebuyer education for all borrowers once your OHFA loan is reserved. Information on OHFA's streamlined homebuyer education program is available on our website. You may also complete a course offered by any HUD-approved counseling agency in Ohio.

Review and Approval

The lender verifies your credit report, income, assets and payment history and determines if your application qualifies for an OHFA loan. A home appraisal will be completed during this time by the lender to determine if the value of the property meets the mortgage loan amount.


The closing will be scheduled once your loan is approved. Closing usually occurs 30 to 45 days after completing the loan application. Once you sign all of the final documents with the title/escrow company, you'll receive the keys to your new home!

Note: Other steps in the homebuying process may occur in partnership with your real estate agent.