Ohio Mortgage Rates
July 6, 2015 04:04 PM Eastern
Securing Low Ohio Mortgage Rates rhe Ohio Home Finance Agency
The Ohio Home Finance Agency is a non-profit organization that helps Ohio residents finance home purchases and secure low OH mortgage interest rates. Programs offered by the Ohio Home Finance Agency include:
• First-Time Homebuyer Program: Through this program, qualifying Ohio first-time homebuyers can secure a 30-year fixed mortgage with competitive interest rates.
• Ohio Heroes Program: Ohio residents in certain professions, such as those working in the armed services, can take advantage of all the benefits of the first-time homebuyer program at discounted interest rates.
• Mortgage Credit Certificate Program: If you're worried about paying your mortgage costs, qualifying OH homebuyers can apply for a Mortgage Credit Certificate. This allows residents to reduce their income tax liability, letting them save more of their hard earned cash for mortgage payments.
Ohio also offers programs for recent college graduates, disabled people and veterans.
Learning about OH Mortgage Rates via Homebuyer Education Programs
If you're a first-time homebuyer, you may be overwhelmed at the prospect of having to research current ohio mortgage rates, calculate a budget, and find a real estate agent on your own. Fortunately, the state of Ohio offers a homebuyer education program that can help first-timers learn more about the home buying process, including the process of researching and securing a low OH mortgage rate.
Using this program, potential homebuyers complete a 25-question online test and a budget form. Applicants then receive a phone consultation with a local housing counselor. The purpose of this call is to help the homebuyer learn more about OH mortgage interest rates, loans, and programs available to help them finance their home. This is an invaluable resource to many first-time homebuyers in the state, and helps them find the best current Ohio mortgage rates.