Ohio Heroes Program for First Time Home Buyers in the State of Ohio

by: TopGovernmentGrants Editorial Staff

The Ohio Housing Finance Agency, more typically referred to as OHFA, is an independent state agency operating in Ohio that is geared towards providing housing opportunities to first time homebuyers, renters, senior citizens, and other populations with special needs.

The OHFA provides low to moderate income residents of Ohio to purchase homes that are priced within their means and at the same time, offers financial incentives to developers and contractors in an effort to boost the market of affordable rental housing.

Along with this, the agency also offers funding to for-profit and non-profit developers in order to financially assist them in the process of building new properties or rehabilitating or improving existing rental homes.

One of the most popular programs of the Ohio Housing Finance Agency is the Ohio Heroes Program which is exclusively intended for active military men, active reservists, veterans, firefighters, emergency medical technicians, paramedics, and several other individuals with noble professions.

The key features of the loan program are its incredibly low interest rates, 30-year fixed interest rate mortgage plans, flexible interest rate options, and tremendously generous purchase limits.

In order to be eligible to apply for the Ohio Heroes Program, a borrower must be engaged in any of the following line of professions:

a) Qualified Active Duty Service personnel, including Armed Services or Reserve Forces

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Ohio Heroes Program for First Time Home Buyers in the State of Ohio
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About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Section 8 Housing Choice Voucher Homeownership Program
The Connecticut Housing Finance Agency has been administering the Section 8 Housing Choice Voucher Homeownership Program wherein they intend to offer home loans at reasonable, below-market rates to Section 8 tenants who wish to purchase a home of their own.

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Construction Incentive Program for First Time Home Buyers in New York
Under the State of New York Mortgage Agency, the Construction Incentive Program has been established. The goal of this program is to enable the construction of one and two family homes through the provision of funds, up to 97% of the value of the property, to eligible low to moderate income first time home buyers.

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First Time Homebuyer Programs in Montana
The Montana Board of Housing, otherwise referred to as BOH, was primarily established to to provide decent, safe, sanitary and affordable housing for lower income individuals and families in the State of Montana.

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First Time Homebuyer Programs in Maine
The first time homebuyer programs of MaineHousing are all especially designed to contribute to the achievement of its primary agency mission which is to "assist Maine people to obtain and maintain decent, safe, affordable housing and services suitable to their unique housing needs."

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