Posted By:

CJ Harrington

Keller Williams Realty

Email: cjharrington.crs@gmail.com

Cell: 440.336.0612

Website: www.cjharrington.com

2009

MORTGAGE RATES:

Loan Without 2.5% down

Assistance GrantLoan With 2.5% down

Assistance Grant

Mortgage Loan 5.875%6.375%

Ohio Heroes Loan 5.625%6.125%

FEES:

1% origination fee

$150 transfer fee to Servicer (US Bank fee)

$79 tax service fee, not to exceed $90 (US Bank fee)

0.25% adverse market fee (conventional loans only)

QUALIFIED BORROWERS:

Non-Target Areas - first time homebuyer (persons not owning and occupying their principal residence in past three years)

Target Areas -anyone may purchase, but must reside in the property

Everyone must meet certain household income limits. View OHFA Information.

ACREAGE LIMITATION:

Up to two (2) acres inside a municipal corporation

(unless additional acreage is required by local health or safety code)

Up to five (5) acres outside a municipal corporation

QUALIFIED PROPERTIES:

Existing House, Duplex (up to four units) Spec/Nearly Completed House, and Modular/Manufactured Houses which are one-unit single-family dwellings.

Properties must meet certain sales price limits. View OHFA Information.

Please see the Underwriting Guidelines for specific product.

CRITICAL DATES:

February 2, 2009 - August 3, 2009:

Origination period, Loans must close during this period

August 17, 2009:

Deliver mortgage files to master servicer by this date.

The IRS Recapture Tax Provision applies to all loans in this program.

CALL FOR MORE INFORMATION....

Please visit our website at www.cjharrington.com for FREE information.

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