Mortgage Rates

The mortgage interest rate for your OHFA loan depends on the homeownership product for which you qualify and if you choose to take advantage of down payment assistance or other product options. Rates are subject to change daily. Mortgage rates are updated every Monday through Friday at 9:30 AM.

Credit Score Requirements

Loan Type:
Conventional, USDA and VA Loans: 640 or higher
FHA Loans: 650 or higher

For advice on improving your credit score, please contact a HUD-approved counseling agency in Ohio.

Mortgage Interest Rates

– Updated 12/23/24 at 9:30am

	First-Time Homebuyer Program	Ohio Heroes	Grants for Grads
Traditional First-Time Homebuyer Program
Government Loans (FHA, VA, USDA-RD) 30-Year Fixed Rate Loans
With No OHFA Assistance	6.000%	5.750%	N/A
With 2.5% OHFA Assistance	6.500%	6.250%	6.375%
With 5% OHFA Assistance	7.000%	6.750%	6.875%
Conventional 30-Year Fixed Rate Loans
	First-Time Homebuyer Program	Ohio Heroes	Grants for Grads
With No OHFA Assistance	6.500%	6.250%	N/A
With 2.5% OHFA Assistance	7.000%	6.750%	6.875%
With 5% OHFA Assistance	7.500%	7.250%	7.375%

	Non-First-Time Homebuyer Program	Ohio Heroes
Next Home
Government Loans (FHA, VA, USDA-RD) 30-Year Fixed Rate Loans
With No OHFA Assistance	6.750%	6.500%
With 2.5% OHFA Assistance	7.125%	6.875%
Conventional 30-Year Fixed Rate Loans
	Non-First-Time Homebuyer Program	Ohio Heroes
With No OHFA Assistance	7.125%	6.875%
With 2.5% OHFA Assistance	7.750%	7.500%

	First-Time Homebuyer Program	Ohio Heroes	Grants for Grads
MTC Plus
Government Loans (FHA, VA, USDA-RD) 30-Year Fixed Rate Loans
With No OHFA Assistance	6.750%	6.500%	N/A
With 2.5% OHFA Assistance	7.125%	6.875%	7.000%
Conventional 30-Year Fixed Rate Loans
	First-Time Homebuyer Program	Ohio Heroes	Grants for Grads
With No OHFA Assistance	7.125%	6.875%	N/A
With 2.5% OHFA Assistance	7.750%	7.500%	7.625%

Refinance Program
Government Loans (FHA, VA, USDA-RD) 30-Year Fixed Rate Loans
Refinance Program	7.625%
Conventional 30-Year Fixed Rate Loans
Refinance Program	7.875%