OHFA 2020 Summer Newsletter

OHFA UPDATE - PAGE 7 - SUMMER The Residential Lending team closed out another fiscal year with steady numbers and is proud to have helped 3,607 Ohioans in 80 counties become homeowners. Here is a snapshot of our borrowers: The Single Family Housing team has maintained its high level of service to our customers and lending partners. Review times remain between 24 – 48 hours, which we’re proud to say is unchanged from the team’s pre-work-from-home status. Thanks to a herculean effort by our team and fellow staff, we hosted our first virtual Partner Celebration on Weds., Sept. 9. In recent years, we’ve hosted a luncheon event at the training facility of Ohio Stadium (also known as the Horseshoe/the Shoe), Huntington Park, and the National Veteran’s Memorial and Museum. For obvious reasons, gathering together this year was difficult, so we opted for an Olympic-themed celebration to emphasize the spirit of partnership, determination, and grit it takes to press forward in difficult times. We even managed to snag an Olympian as our guest speaker: Scott Hamilton! This year’s Top Producer was Fairway Mortgage , and our second through fifth place producers are as follows: 2. Union Home Mortgage Corp. 3. American Eagle – Lend US 4. Howard Hanna Mortgage Services 5. Revolution Mortgage Our housing counseling agencies work hard to educate homebuyers and are valuable partners. This year’s Top Housing Counseling Agency was Homeport. In second and third place were The Ohio State University Extension and Horizon Housing Communities Development for Ohio, respectively. In addition to the Partner event, the Single Family team celebrated a milestone for one of our longtime staff members. Cleo Evans retired from OHFA at the end of August after 30 years at the Agency. We are simultaneously happy for her and sad to see her go. Cleo is one of a kind. OFFICE OF SINGLE FAMILY HOUSING RESIDENTIAL LENDING UPDATE ERIN HIGGINS RESIDENTIAL LENDING MANAGER AVERAGE AGE 31 AVERAGE ANNUAL INCOME $52,141 AVERAGE FICO CREDIT SCORE 705 GRANTS FOR GRADS 11% AVERAGE LOAN AMOUNT $129,639 RACE 73% WHITE 14% BLACK 13% OTHER GRANT ADS 5% OHIO HEROES 19% GOVERNMENT VS CONVENTIONAL 55% · 45%