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State funds program for mortgage financing
YOUNGSTOWN -- About $27 million in state funding for mortgage financing is available to qualified first-time home buyers through the Ohio Housing Finance Agency's Single Family Mortgage Revenue Bond Loan Program.
The 6.95 percent bond funds are available for first mortgages and can be combined with additional second mortgage down payment assistance loans to assist specially designated areas in 22 counties and all 29 of Ohio's Appalachian counties.
Financing is available through 19 participating lenders. Applicants must meet federal income and sales price guidelines and must not have owned their principal residence in the past three years.
For more information about the program and participating lenders call (888) 643-2636.
Vindicator staff report