OHFA Program Revisit | Closing the Deal Ep. 74

OHFA just made major changes — and this episode is worth revisiting.With recent updates to the Ohio Housing Finance Agency (OHFA) program, we’re bringing back one of our most valuable episodes to help buyers understand what these changes could mean for them. Whether you’re a first-time homebuyer, short on down payment funds, or simply trying to find a more affordable path to homeownership, this episode breaks down the programs, benefits, and key qualifications you need to know.In this episode, Sam explains:🏡 What OHFA is and who it helps💰 Down payment assistance options📉 How interest rate changes can impact affordability👨‍⚕️ Ohio Heroes benefits for healthcare workers, teachers, first responders & more📊 Mortgage Tax Credits (MTC) and how they can help buyers qualify⚠️ Income limits, credit score requirements, debt-to-income guidelines & important caveatsWith today’s market still creating affordability challenges, revisiting programs like OHFA could be the difference between continuing to wait and finally buying your home.📲 Have questions about buying in Ohio or whether you qualify? Reach out — we’d love to help.🎧 Closing the Deal — helping you close the deal 🏡Chapters00:00 Why We’re Revisiting This Episode00:17 What is OHFA? (Ohio Housing Finance Agency Explained)02:42 Recent OHFA Program Changes & Why They Matter04:15 OHFA Unassisted Program (Lower Interest Rates)07:10 Down Payment Assistance Explained09:26 Mortgage Tax Credit (MTC) Benefits11:18 Ohio Heroes Program Explained13:08 OHFA Credit Score & Debt-to-Income Requirements16:00 Income Limits & Qualification Guidelines18:07 Purchase Price & Property Requirements20:35 How Much Down Payment Assistance Can You Get?22:00 Why OHFA Changes Improved Affordability24:25 Costs, Fees & Important Caveats26:00 The 7-Year Forgiveness Rule Explained27:35 Why This Program Matters in Today’s Market29:00 Final Thoughts & How to Get HelpReposted due to recent OHFA program developments and renewed relevance for Ohio homebuyers.