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OHFA Down Payment Assistance

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OHFA Down Payment Assistance is a Ohio down payment assistance program from Ohio Housing Finance Agency. It provides 3% (conventional) or 3.5% (FHA, VA, USDA) of the purchase price as a forgivable loan. The minimum credit score is 640. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

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Who qualifies for OHFA Down Payment Assistance?

Free homebuyer education required. Assistance is forgiven after seven years.

DetailProgram terms
Assistance3% (conventional) or 3.5% (FHA, VA, USDA) of the purchase price
TypeForgivable loan
Minimum credit640
First-time buyerSee official page
Income limitsMust meet income and purchase price limits.

How does OHFA Down Payment Assistance work with an FHA loan?

Ohio's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down.

Where do I confirm current terms?

On the official page: https://myohiohome.org/downpaymentassistance.aspx. Programs can pause when funds run out, so confirm availability with a participating lender.

“choose 3% for conventional loans or 3.5% for government loans (FHA, VA, USDA) of the home's purchase price.” — Ohio Housing Finance Agency

← All Ohio down payment assistance programs

Frequently asked questions

3% (conventional) or 3.5% (FHA, VA, USDA) of the purchase price, according to Ohio Housing Finance Agency.

It's a forgivable loan: forgiven if you meet the occupancy period, otherwise repaid.

Must meet income and purchase price limits.

A minimum 640 credit score.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.