Ohio Housing Finance Agency has revised interest rates for first time homebuyers - great rates, great programs!

4.75% for loans without 2.5% assistance grant
5.25% for loans with 2.5% assistance grant
4.50% for Ohio Heroes without 2.5% assistance grant
5.00% for Ohio Heroes with 2.5% assistance grant
4.75% for Grant for Grads 2.5% assistance grant

This is a 30 year fixed rate. FHA/VA/USDA-RD loans are eligible. Effective 7/8/2010.

Please contact me for specific program details. Call me at (513) 520-6044 or email: bahale1@gmail.com

Tax Credit Extension

The tax credit extending the date to close a purchase transaction has passed Congress. Homebuyers must have been under a fully executed purchase contract on or before April 30, 2010 to qualify for the tax credit. President Obama is expected to sign this measure later this week.

Obama Administration Supports Additional Funding To Stabilize Neighborhoods Hard-Hit By Foreclosure

HUDNo.10-103/U.S. Department of Housing and Urban Development (HUD)

Ohio Fair Housing Groups Awarded $2.1 Million To Help Fight Discrimination

HUDNo.10-077/U.S. Department of Housing and Urban Development (HUD)

HUD Celebrates April as Fair Housing Month

HUDNo.10-067/U.S. Department of Housing and Urban Development (HUD)

Housing Program Enhancements Offer Additional Options For Struggling Homeowners

HUDNo.10-058/U.S. Department of Housing and Urban Development (HUD)

Grant Funds Available For Homebuyers in OH, KY and TN

If you are a homebuyer that is frantically trying to save enough for the required down payment for the purchase of your new home, you may be able to qualify for a grant up to a maximum of $5,000, based on documented need. The Federal Home Loan Bank of Cincinnati has made a total of $200,000 available through the "Welcome Home" program. Funds are available for homebuyers purchasing in Ohio, Kentucky, and Tennessee. There are restrictions including loan and income limits. Homebuyers have to have at least $500 of their own funds and if he or she is a first time homebuyer, complete a homebuyer counseling program. The funds are distributed on a first come, first serve basis, so they are expected to run out quickly. Home buyers must have a fully-executed purchase contract, signed loan documentation, and all corresponding income and asset documentation to register for funds. Please contact me immediately if you are interested at bahale1@gmail.com or (513) 520-6044.