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, VA and FHA 203(k) Loans: 640 or higher
FHA Loans (Non-203(k)): 660 or higher

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

Mortgage Interest Rates

– Updated 11/9/18 at 9:30am

	No Assistance	2.5% Down Payment Assistance	5% Down Payment Assistance
Government Loans (FHA, VA, USDA-RD) with .50% Origination Fee
First-Time Homebuyer program	4.50%	5.25%	5.75%
Ohio Heroes	4.25%	5.00%	5.50%
Grants for Grads	N/A	5.125%	5.625%
Next Home (for non first-time homebuyers)	N/A	5.25%	5.75%
Conventional Loans (Fannie Mae HFA Preferred, Freddie HFA Advantage & OHFA Advantage 50% & 80% AMI) with .50% Origination Fee
First-Time Homebuyer program	4.75%	5.375%	5.875%
Ohio Heroes	4.50%	5.125%	5.625%
Grants for Grads	N/A	5.25%	5.75%
Next Home (for non first-time homebuyers)	N/A	5.375%	5.875%
FHA 203(k) "Renovate Ohio"
First-Time Homebuyer program	5.375%	6.50%	N/A
Ohio Heroes	5.125%	6.25%	N/A
Grants for Grads	N/A	6.375%	N/A
Next Home (for non first-time homebuyers)	N/A	6.50%	N/A