Non-conventional Financing: FHA or VA

3/01/02
OHIO HOUSING FINANCE AGENCY
MORTGAGE REVENUE BOND PROGRAM
2002 Series/FHA or VA Financing

5.99% Rate Mortgages (with 1 Point)
30-Year Fixed Rate
plus $150 Tansfer Fee and
$20 OHFA Review Fee


Maximum Household income for Cleveland homebuyers:
1-2 person household - $72,000         3+ person household - $84,000

Maximum sales price for Cleveland homebuyers:
1-family home - $146,754        2-family home - $165,245
3-family home - $200,026         4-family home - $232,605
          New Construction - $229,041

CITY OF CLEVELAND BUYERS DO NOT HAVE TO BE FIRST-TIME BUYERS.


Program available on a first-come, first-served basis as long as funds are available. A recapture fee may apply if buyer sells or moves from the home within 9 years. Program cannot be used to refinance or to purchase investment property.


Participating Lenders
American midwest Mortgage 440-884-5000
Assured Mortgage 216-447-0077
Banc One Mortgage 216-651-2330 or 216-761-5796
Censtar Financial 216-351-5544
Citimortgage 216-267-4100
Colony Mortgage 216-621-8850
Countrywide Home Loans 216-595-1770
Dalton Mortgage 216-464-0909
Dollar Bank 216-982-5464
Fifth Third Bank 216-274-5326
Firstar Home Mortgage 216-573-2050
First Ohio Mortgage 800-561-6446
First Security Mortgage 216-267-1735
Freedom Mortgage 440-753-2200
GMAC Mortgage 888-972-4622
Huntington Mortgage 216-447-4424
Leader Mortgage 216-696-8000
Metro Mortgage 216-943-1111
Metropolitan Bank 440-460-2157
National City Bank 216-476-5949
Real Estate Mortgage 440-356-5363
Republic Savings Bank 216-817-1066
Union Capital Mortgage 440-304-0886
Union National Mortgage 440-238-4500

Loans are available on a fair and equal basis regardless of race, color, ancestry, national origin, religion, sex or physical handicap.

For more information about homebuying in Cleveland neighborhoods, call the Living in Cleveland Center, (216) 781-5422. 

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