To own a home in Ohio is to invest in Ohio. However, prospective homebuyers face no shortage of challenges in today’s market, including the increasing amounts needed for their down payments and closing costs. Through Ohio Homebuyer Plus, buyers build their nest egg and the savings needed to make one of life’s most important purchases.

Prospective homebuyers can open Ohio Homebuyer Plus accounts through participating financial institutions beginning in January of 2024.

The program will be administered by the Ohio Treasurer's Office.

Ohio Homebuyer Plus will offer above-market interest rates to accountholders who deposit money at participating banks or credit unions. Additionally, individuals who open an account may also qualify for certain Ohio state income tax deductions.

To qualify for enhanced interest savings through an Ohio Homebuyer Plus account, an eligible accountholder must:

Be an Ohio resident at least 18 years of age;

Have a primary residence in the State of Ohio; and

Only use the account proceeds toward the down payment or closing costs of a primary residence purchased in Ohio.

Accounts connected with Ohio Homebuyer Plus must be used within five years, maintain a minimum balance of at least $100, and cannot exceed a maximum balance of $100,000.