If you missed out on the federal tax credit program for first time homebuyers all is not lost. There are still several state and local incentives available now. Qualified Ohio residents can take advantage of these incentives that provide assistance with down payments, favorable loan terms or interest rate reductions for qualified buyers. The Ohio Housing Finance Agency (OHFA) is an independent state agency which offers home buying assistance programs for first time homebuyers, buyers with limited income, college graduates starting out and everyday heroes such as teachers, emergency workers, medical staff and military service personnel. The City of Cincinnati also offers assistance to first time homebuyers purchasing a single family home within city limits with awards up to $8,500. Last but not least, a group of seven area lenders have developed mortgage lending packages that offer attractive rates and down payment assistance that can also accommodate buyers with lower credit scores. Check out these sources and then let Olson Real Estate help you find your dream home!
