New program for Ohio homebuyers

New program for Ohio homebuyers

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The Ohio Housing Finance Agency announced Tuesday the launch of a new program that will allow homebuyers to obtain a conditional loan reservation to lock in their mortgage-interest rate during home construction. The New Home Sweet Home Program aims to give homebuyers security from fluctuating loan pricing in the unsteady housing market, the agency said in a news release. By allowing for a conditional loan reservation, a lender can offer a rate lock for up to 180 days while a builder completes the construction of the home. The interest rate at the time of reservation will be set 0.25 percent higher than the agency’s standard rate, which is 4.25 percent for unassisted loans and 4.75 percent for loans with down-payment assistance.

Government-insured 30-year fixed-rate loans are eligible for the program. Participating borrowers must be first-time homebuyers or purchasing a home in a federally designated targeted area and willing to complete homebuyer education. For information, visit www.ohiohome.org.

Armstrong offers 2 new Internet options

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Armstrong recently introduced two new Zoom Internet products to increase Internet operating speed for local customers. Zoom Enterprise will deliver downloads at up to 50 megabytes per second and uploads at up to five megabytes per second. The second product, Zoom Business Essentials, will allow customers to download information at up to 30 megabytes per second, with uploads at up to five megabytes per second. The products are designed to give local business owners access to advanced technology that will enable them to do online business at a faster speed.

For information, visit www.armstrongonewire.com, or call 877-277-5711.

Vindicator staff/wire reports