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My Ohio Mortgage

Program Description

My Ohio Mortgage is a Fannie Mae conventional loan product that offers moderate and low-income homebuyers with low downpayment options and flexible terms to assist with the purchase of a home.

Program Highlights

  • Minimum homebuyer out of pocket of $500
  • Fixed interest rate
  • 1 percent origination; zero discount points
  • Loan-to-value up to 100 percent
  • Less than perfect credit histories and nontraditional credit accepted
  • Section 8 homeownership vouchers accepted as income
  • Community Solutions option with additional flexibility for teachers, police officers, firefighters and health care workers

Eligible Buyers

First-time homebuyers (persons not owning or occupying their principle residence in the last three years), or anyone purchasing a home in a targeted area.


Targeted Area

An economically distressed area as designated by the U.S. Department of Housing and Urban Development. For a list of Ohio targeted areas go


Maximum Family Income Limits

Non-Target Target
1-2 Person Households $64,000 $76,800
3 or more Person Households $73,600 $89,600

Maximum Sales Price Limits

Columbus (Delaware, Franklin, Licking, Madison, Morrow, Pickaway counties)

New and Existing Homes Non-Target Target
1-Family $247,264 $302,212
2-Family $278,497 $340,385
3-Family $338,361 $413,553
4-Family $390,416 $477,176


For more information on participating lenders visit Ohio Housing Finance Agency's website at or call 1 (888) OHFA-NFO (643-2636)