Government Mortgage Rates 
The mortgage rate for your OHFA loan depends on which homeownership program you qualify for and whether or not you choose to take advantage of our Down Payment Assistance Grant or Grants for Grads program. Rates may change from time to time, so please check back often for the current rates.
| First-Time Homebuyer and Target Area Loan Programs |
| 3.75% |
mortgage rate (unassisted) |
| 4.25% |
mortgage rate with down payment assistance grant |
| |
|
| Grants for Grads |
| 3.75% |
repayment required based on information below: |
| |
Months resided in home |
Amount of grant owed to OHFA if you move out of state |
| Less than 12 months |
100% |
| 12 months to 24 months |
80% |
| 24 months to 36 months |
60% |
| 36 months to 48 months |
40% |
| 48 months to 60 months |
20% |
|
| Ohio Heroes Program |
| 3.50% |
Ohio Heroes mortgage rate (unassisted) |
| 4.00% |
Ohio Heroes mortgage rate with down payment assistance grant |
| |
|
| New Home Sweet Home Program |
| 4.00% |
New Home Sweet Home mortgage rate (unassisted) |
| 4.50% |
New Home Sweet Home mortgage rate with down payment assistance grant |
| |
|
| New Home Sweet Home – Ohio Heroes Program |
| 3.75% |
New Home Sweet Home mortgage rate (unassisted) |
| 4.25% |
New Home Sweet Home mortgage rate with down payment assistance grant |
| |
|
| New Home Sweet Home – Grants for Grads Program |
| 4.00% |
New Home Sweet Home mortgage rate with down payment assistance grant |
| |
|
