OHFA Advantage Bond Messages

What's New:

2009 B  
     2009 B OTAC Extension
Click here for more information

     US Bank Update regarding HPML's.
Click here for more information

$8,000.00 Tax Credit
      Effective 02/17/09, the Tax Credit equal to 10% of the purchase
      price up to a maximum of $8,000.00 can be utilized with the
      OHFA Advantage MRB Program.  This is a First Time Homebuyer
      Tax Credit only.

HOLIDAY CLOSINGS 
    The OHFA Offices will be closed in observation of the following holidays:

Second Liens are NOT allowed on OHFA Advantage Program
      The Only additional filings that are allowed are the following:

      1.) OHFA down payment assistance deed restriction on the
           OHFA 1st Gold program funds.

      2.) OHFA's OTAC second mortgage program.

     If a borrower is receiving any other assistance funds that require a
     lien to be filed, it is NOT allowed on the OHFA Advantage Program.
    
New or Same Property/Same Borrower
     If you have any loans that have cancelled, been busted or are on
     any other OHFA Advantage Bond Program Wait Lists that you want
     to reserve on a NEW Bond Issue, please fax a 'Loan Preparation'
     request to Bond at (405) 842-8758 or (405) 879-6364.

     Otherwise you WILL NOT be able to reserve the same borrower on
     the new bond program.

Reminders:

Fax the following documents within 5 days of closing
to (405) 842-8758      
      HUD I Settlement Statements (all loans)
      Deed Restrictions(1st Gold Loans ONLY)
      OTAC Second Mortgage
      OTAC Second Note
     

Page updated on November 16, 2009