06/01/2026
OHFA RATES ARE AT 3.75%!?!
Yes, but:
- this is for new reservations only
- this is for a limited time, and there’s limited availability
- being preapproved doesn’t reserve this rate. You have to be IN CONTRACT and the reservation complete
OHFA stated a 35 to 45 day close on this, and it’ll likely be longer with the influx of traffic over the next few days / weeks.
Buyers, if you’re interested in this program, get your lender all the documentation so your package is complete and ready to submit as quickly as possible. Then go find a house. It’s first come, first serve.
This is an amazing opportunity, but it’s also our responsibility as professionals to set proper expectations for clients when they see these headlines.