Columbus Board of Realtors
The Voice of Real EstateTM in Central Ohio
 
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CAHR Application (PDF)

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Note: The CAHR is not affiliated with or endorsed by the National Association of REALTORS®. It is a certification offered by the Columbus Board of REALTORS® to recognize the efforts of local REALTORS®.
 
Key Advantage Program

Program Description

Now it’s easier to own a home with a Key Home Advantge mortgage loan. With flexible sources for downpayment, it takes a lot less cash to get started. Qualifying is also easier than you might expect with flexible guidelines.

Guidelines

  • 1% or $500, whichever is less, borrower contirbution. Reminder of 3% downpayment may come from flexible sources
  • Maximum 3% seller contributions
  • Non-traditional credit accepted
  • Competitive, low rates
  • No Private Mortgage Insurance (PMI) required
  • Maximum 100% of AMI unless Fannie Neighbors Eligible Area
  • 15, 20, 30 year fixed rate or rate and term refinances
  • 97% LTV for 1-2  units; 80% for 3-4 units
  • 41% qualifying ratio
  • 1 month reserves
  • Owner-occupied principal residential; 1-4 units; no co-ops or manufactured homes

Homebuyer Education

  • Homebuyer education and landlord counseling for 2-4 units requried

Contact
Cindy Windsor, 614/365-3356 or 1-800/635-7759 ext 3356
 
Realtor