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.

Posted by

 

************************************************************************************************************************************************

You can find me at:

Facebook Icon  Twitter icon Linked in logo     

    Columbus CEO logo

 

 

 

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.

              SFR Tagline              ACRE logo          

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
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

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the music-note to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
265,057
Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy
Keller Williams Realty - Franklin, TN
It matters to us as much as it matters to you.

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.

Jan 26, 2010 11:24 PM #1
Rainmaker
219,713
Bernadine Hunter, SFR, ACRE
Keller Williams Greater Columbus Realty - Reynoldsburg, OH
"Finding Solution to Your Real Estate Needs"

Thanks for the encouraging words!

Jan 26, 2010 11:36 PM #2
Ambassador
1,476,543
Renée Burrows
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker - www.urLVhome.com

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

Apr 22, 2010 07:56 PM #3
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
219,713

Bernadine Hunter, SFR, ACRE

"Finding Solution to Your Real Estate Needs"
I Specialize in Finding Solutions to all Your Real Estate Needs
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: