Future Homebuyers - Earn up to 7.33% APY, a $250 Bonus , plus, up to $425 Waived Mortgage Processing Fee with State Bank.

 

Ohio Homebuyer Plus makes specialized, tax-advantaged savings accounts available to eligible Ohioans to assist them on their homebuying journey. Individuals who open an account through this program will have access to above-market interest rates that will help them save and grow their money faster.

·      Minimum balance to open - $100

·      Maximum balance - $100,000

·      Account must be used within 5 years

·      Fund a down payment or mortgage closing costs

State Bank, in partnership with the Federal Home Loan Bank, is offering down payment and/or closing cost assistance for acquisition or construction of owner-occupied housing by low- and moderate-income homebuyers. Funds are limited so apply today.

Honorably discharged veterans or active duty military personnel may receive grants up to $25,000.

• Minimum of $10,000 up to $20,000 grant for eligible borrowers.

• Homebuyer must contribute a minimum or $500 of their own funds towards the down payment and/or closing costs.

• Applications do not have to be first-time homebuyers; however, first-time homebuyers must complete a homeownership counseling program.

Eligible Mortgages:

• Purchase Transactions

• First Lien Mortgages

• Non-conforming properties will be considered on a case-by-case basis.

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Minimum borrower contribution: 

$1,000 minimum contribution is required from borrower personal funds. 

Term: 30 Years

Minimum Loan Amount: $15,000

Max Loan Amount: $250,000

Minimum Credit Score: 660

Eligible Property Types:

• Owner-occupied primary residences

• 1-2 Units  

*Manufactured homes are eligible