Miss Out On the Federal Tax Credit?

No Problem…State and Local Incentives
Now Available

If you’re like many people, coming up with a down payment and getting
a mortgage loan are keeping you from realizing the American Dream.
Good news! Now, there are state and local homebuyer assistance programs to help you with a
mortgage loan and down payment. If you are an Ohio resident, here are three sources you’ll definitely ant to check out:

1. Ohio Housing Finance Agency (OHFA), an independent state agency, is offering home buying
assistance programs plus help with down payments.
2. City of Cincinnati has the American Dream Down Payment Initiative (ADDI) that provides
down payment assistance on home purchases located within the city limits.
3. Community Development Banking Forum, a group of seven leading banks in Greater
Cincinnati, is offering attractive mortgage loans with down payment assistance.

1. OHFA Home Buyer Assistance
Whether you’re a first-time homebuyer, have limited income, a college grad just starting out, or active in the military, there’s a program for you:

First-Time Homebuyer Program: For low and moderate income buyers. Fixed-rate loans and
competitive interest rates and make it affordable for qualified buyers.
Visit: www.ohiohome.org/homebuyer/first_time.aspx

Ohio Heroes Program: Everyday heroes such as emergency personnel, teachers, medical staff,
military service personnel and others get a .25% interest rate reduction with the First-Time
Homebuyer Program. Visit: www.ohiohome.org/homebuyer/heroes.aspx

Down Payment Assistance Grant: Buyers participating in the First-Time Homebuyer Program,
Target Area Loan Program and Ohio Heroes Program can use this grant to reduce out-of-pocket
expenses. Visit: www.ohiohome.org/homebuyer/downpayment.aspx

For an overview of all OHFA programs, visit: www.ohiohome.org/homebuyer/default.aspx

2. City of Cincinnati’s American Dream Down Payment Initiative (ADDI)

The American Dream Down Payment Initiative (ADDI) helps first-time homebuyers buying a singlefamily home within city limits. Buyers can be awarded up to $8,500 to be used for down payment and/or closing costs. Visit: www.ci.cincinnati.oh.us/cdap/pages/-9500-/

3. Community Development Banking Forum

Seven lenders in Greater Cincinnati have developed mortgage lending packages that offer attractive
rates and down payment assistance. Many of the programs can accommodate buyers with lower FICO scores. Participating lenders are: Chase, Fifth Third, First Financial, Huntington, Key Bank, PNC and US Bank. Contact lenders for details.
Visit: http://www2.cabr.org/files/MortgagePartnerGrid.pdf