All OHFA qualified borrowers must meet each of the following criteria:
- Applicants must meet OHFA income limits and properties must meet purchase price limits, which vary by county. View OHFA's income and purchase price limits.
- Applicant must meet debt to income ratios for their loan type.
- You meet credit score requirements:
- Conventional, USDA and VA Loans: 640 or higher
- FHA Loans: 650 or higher
For advice on improving your credit score please contact a HUD-approved counseling agency in Ohio.
- Applicants must purchase a qualifying property that is limited to two acres within a municipal corporation and five acres outside a municipal corporation, unless additional acreage is required by local health or safety code. Qualifying properties include the following:
- Existing homes: single-family dwellings, conforming condominiums, duplexes, and up to four-unit properties.
- Newly built spec/nearly completed homes: one-unit single-family dwellings.
- Modular homes; one-unit single family dwellings.
- Manufactured homes.
- Additional requirements may apply to specific homeownership products.