Ohio Grants for Grads

How is Ohio Grants for Grads paid back?

Forgivable loan: forgiven after five years in Ohio; moving out earlier means repaying some or all.

A forgivable loan is written off once you have kept the home and its first mortgage for the years the program sets.

Who qualifies for Ohio Grants for Grads?

• Only for recent college graduates with an associate's, bachelor's, master's or doctorate degree earned within 18 months.
• Limits vary by Ohio county, with separate limits for targeted areas.
• Only for first-time buyers (usually no home owned in the past three years).
• A credit score of 640 or higher.
• It comes with this first mortgage: OHFA First-Time Homebuyer loan.

Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.

How to apply for Ohio Grants for Grads

1. Ohio Housing Finance Agency pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
2. The lender checks your income, credit and the home against the program's rules and reserves the money for you.
3. The help is paid at closing, toward your down payment and closing costs.

Read the full rules and whether it is taking applications on Ohio Housing Finance Agency's page for Grants for Grads, or pick a lender from the agency's list of participating lenders.

Other first-time buyer programs in Ohio

• Ohio OHFA Down Payment Assistance: up to 3.5% of the price, forgivable loan.

All Ohio first-time home buyer programs · Down payment assistance in every state