Target Area Loan Program

OHFA’s Target Area Loan Program helps revitalize federally-designated target areas by making our affordable first-time homebuyer loan products and competitive interest rates available to ANY qualifying buyer purchasing a home in these areas.

What is a Target Area?

A target area is an economically distressed area designated by the U.S. Department of Housing and Urban Development (HUD). Most Ohio counties contain both target and non-target areas.

Do I Qualify?

Target Area Loan applicants do not have to be first-time buyers. However, the following program requirements apply.

To qualify for an OHFA Target Area Loan, you must:

• Meet OHFA’s income and purchase price limits. Please note that income and purchase price limits may be higher for Target Area Loans.
• Be creditworthy. Minimum credit scores may apply.
• Have a signed Purchase and Sales Agreement.
• Qualify for the loan being requested. Lenders will assess your ability to afford a home by considering income, assets, job stability, liabilities, and other criteria.

Additional property requirements:

• Loans are available for properties up to two acres (unless additional acreage is required by local health or safety code).

Please contact your Credit Union Mortgage representative at 513-762-1692 for details regarding OHFA’s Income and Purchase Price Limits for Targeted Areas.