Honoring veterans through mortgage assistance
Homebuyer program(s): The state of Ohio offers seven different loan programs to help veterans achieve the American dream. The programs range from purchasing homes in “federally designated target areas” to “Hero” loans that have an interest rate 0.25 percent below the interest rate offered on other Ohio Housing Finance Agency loan products, down payment and closing cost assistance, an all-encompassing loan program for recent college grads (offers interest rate, down payment and closing cost assistance), Mortgage Credit Certificates, and two programs that assist buyers in purchasing homes that need repairs.
Veteran population: 899,615
Notable military bases in state: Wright-Patterson AFB, Cleveland Coast Guard
Average home price: $120,600
Tim Manni is the Managing Editor of HSH.com and the author of the site's daily blog, which concentrates on the latest developments in the mortgage and housing markets.
Ask the Expert
- Q. Should I continue to prepay my mortgage or refinance?
- Q. Will I pay an ObamaCare tax when I sell my home?
question gets published.
< Go Back