OHFA Advantage Bond Messages

  What's New:

   Tax Credit -  The $7,500.00 Tax Credit is not allowed to be used with
      OHFA Advantage!

      (See program information for more details, 08BRatesSet Memo & 2008 B Program Notice)

   US Bank Bulletin - Please review the new Elimination of the 6%
      Seller Contributions  memo posted on the Program Information page.

  HOLIDAY CLOSINGS - The OHFA Offices will be closed in observation
     of the following holidays:

• September 1, 2008 - Labor Day.

  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.
     2.) The home funds deed restriction in conjunction with the OHFA Market
            Best 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.

       Please see Program Information for more details.

  New or Same Property/Same Borrower- If you have any loans
      that have cancelled, been busted or are on any of the 2006 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 all HUD I Settlement Statements (all loans) & Deed Restrictions
       (1st Gold Loans ONLY) to (405) 842-8758 within 5 days of closing any
       loan.

Page updated on September 2, 2008