OHFA Advantage Bond Messages

What's New:

2010  
    
Network down for Upgrades.
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     US Bank Update regarding USDA Loan Purchases.
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$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:

    Labor Day - Monday, September 6, 2010

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.

      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
      Deed Restrictions
  


Page updated on August 27, 2010