INTEREST RATE REDUCED FOR FIRST TIME HOME BUYERS!

By
Real Estate Agent with Keller Williams Greater Columbus Realty 2008000975

The Ohio Housing Finance Agency, a statewide agency that provides affordable housing to low-to-moderate income first time homebuyers, just announced an interest rate reduction for new homebuyers. http://www.ohiohome.org/homebuyer/first_time.aspx. Effective January 25th, the 30 year fixed rate mortgage for its First Time Homebuyer Programs are:

  • 5.0% for loans without their 2.5% down payment assistance grant
  • 5.5% for loans with the 2.5% assistance grants
  • 4.75% for the Ohio Heroes program without 2.5% assistance grant
  • 5.25 for Ohio Heroes with 2.5% assistance grant (firefighters, police officers, health care workers, and active duty military
  • 5.05 for Grants for Grads 2.5% assistance grant

This is great news for first time home buyers who can be eligible for the $8,000 tax credit, as well as up to 2.5% of the purchase price to pay the down payment, closing costs or other prepaids. Since mortgage rates have crept up over the past several months, this OHFA rate reduction can lessen the impact of recent 30-year fixed rate increases.

For those interested in learning more about OFHA's First Time Home Buyer Programs, Keller Williams Greater Ohio Realty in Pickerington, Ohio is sponsoring a home buyer tax credit seminar with a representative from OHFA. The seminar will be January 28th at Massey's Pizza, 1755 Hill Road North, Pickerington, Ohio at 6:00 pm. Directions to Massey's Pizza: Take I-70E (Wheeling) to OH-256E, Pickerington (Exit 112A); exit right onto 256E. Continue on OH-256 about ¼ mile past Tussing Road. Turn right into strip mall (at Speedway gas station).

 For more information, contact 614-805-7793.

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Interested in buying or selling a home in Blacklick, Canal Winchester, Columbus, Groveport, Pataskala, Pickerington, Grove City or Reynoldsburg? I am also a short sale resource specialist and can help you work with the bank to get your home sold.

Click here to check out my website www.bernadinehunter.com  I specialize in finding solutions to your real estate needs. You can reach me by email at mtbhunter@aol.com or by phone at 614-729-9063.

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Topic:
Home Buying
Location:
Ohio Franklin County Columbus
Tags:
first time home buyer
first time home buyer credit
home buyer tax credit
ohfa
mortgage rates
ohio heroes program

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Rainmaker
257,129
Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy
It matters to us as much as it matters to you.
Keller Williams Realty

Great news for first time buyers in Ohio.  It is good to know that agents are helping to notify buyers of these opportunities.  Keep up the great work Bernadine.

January 26, 2010 11:24 PM
Rainmaker
207,151
Bernadine Hunter
SFR, ACRE
Keller Williams Greater Columbus Realty

Thanks for the encouraging words!

January 26, 2010 11:36 PM
Ambassador
1,449,341
Renée Burrows
Las Vegas Real Estate Broker - www.urLVhome.com
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate

WOW this looks like a great program to combine with the tax credit!!  I hope many of the eligible people will participate in this!

April 22, 2010 07:56 PM
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Rainmaker
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Bernadine Hunter

SFR, ACRE
I Specialize in Finding Solutions to all Your Real Estate Needs
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