Ohio · Subsidized loan

OHFA Next Home

Below-market rate + 2.5% DPA for repeat buyers

30-year fixed-rate loan for repeat buyers. Can pair with 2.5% YourChoice DPA.

OHFA's Next Home program extends DPA to repeat buyers in Ohio. The program serves homeowners purchasing their next property, removing the first-time buyer restriction that would otherwise exclude experienced purchasers from assistance.

AmountBelow-market rate + 2.5% DPA for repeat buyers

TypeSubsidized loan

Available inOhio

First-time buyer requiredNo

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

Not limited to first-time buyers. Pair with 2.5% YourChoice for a multi-unit purchase.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

OHFA Down Payment Assistance 3-3.5% of price, forgiven after 7 years

Ohio · Forgivable loan

OHFA YourChoice! Up to 5% of price — forgiven after 7 years

Ohio · Forgivable loan

OHFA Ohio Heroes Discounted rate + stackable with 2.5-5% DPA

Ohio · Rate discount

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