Ohio Housing Finance Agency

One of the biggest challenges facing homebuyers is having enough money for closing. Northpointe Bank offers several programs that can help. As a participating lender with the Ohio Housing Finance Agency (OHFA), qualified borrowers can receive 2.5% or 5%* of the purchase price towards down payment and closing costs. Buying a home may be more achievable than you think.

Program features:

Eligible for new or existing properties purchased anywhere in Ohio
Options for ﬁrst-time and repeat homebuyers
2.5% or 5% of the purchase price in down payment assistance in the form of a forgivable second mortgage
Available for conventional, VA, FHA, and rural development loan programs
Area median income limits and purchase price limits apply
Homebuyer education course required

*Down payment assistance (DPA) is provided in the form of a forgivable second mortgage with a 0% interest rate and no monthly payments by the OHFA. If the borrower continuously resides in the home for 7 years from loan closing, 5 years for the Grants for Grads program, the DPA second mortgage will be deemed satisﬁed. The DPA will be due if the borrower sells or reﬁnances before 7 years from loan closing, 5 years for the Grants for Grads program.
All loans subject to credit review and approval. This is not a commitment to lend. Other terms and conditions apply.
Northpointe Bank is authorized to originate FHA and VA loans, but it is not an agent of, or affiliated with, the U.S. Government.