Ohio · Forgivable loan

OHFA YourChoice!

Up to 5% of price — forgiven after 7 years

Choose 2.5% or 5% of purchase price for down payment and closing costs. Forgiven after 7 years.

OHFA's Your Choice DPA allows buyers to select the DPA amount and structure that best fits their situation. The flexibility to choose between different grant levels and first mortgage rate combinations helps buyers optimize their total purchase costs.

AmountUp to 5% of price — forgiven after 7 years

TypeForgivable loan

Available inOhio

First-time buyer requiredYes

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

5% on a $200K duplex = $10K forgiven. Up to 4-unit properties eligible.

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

Ohio · Rate discount

OHFA Next Home Below-market rate + 2.5% DPA for repeat buyers

Ohio · Subsidized loan

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