The Ohio Housing Finance Agency (OHFA) offers a number of different homeownership programs for First Time Home Buyers as well as for people purchasing a home in a targeted area. OHFA’s First Time Home Buyers program offers a competitive interest rate on either a Conforming or an FHA mortgage. Home Buyers must meet income limits and purchase price limits, which vary by city and town. Home Buyers must meet minimum credit score requirements, which are 620 if you are not using OHFA’s Down Payment Assistance, and 640 if you are using OHFA’s Down Payment Assistance. PMI and escrows will be required, as the loan will be insured by either Fannie Mae/Freddie Mac or FHA. Other OHFA programs include First Time Home Buyer Program, Ohio Heroes Program, and Down Payment Assistance Grant.