Ohio Homebuyer Plus Savings Account

Rear view. Young family looking at their new home standing, real estate purchase, generative AI

In conjunction with the Ohio Treasurer’s office, First National Bank is pleased to offer Ohio Homebuyer Plus to our customers.  Ohio Homebuyer Plus makes specialized, tax-advantaged savings accounts available to 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 to save and grow their money faster.

Ohio Homebuyer Plus Account Highlights:

  •     Earn above-market interest:  Call your local branch for specifics!
  •     $100 minimum to deposit to open account
  •     $100,000 maximum balance limit
  •     Account must be used within five years.
  •     Balance must be used to fund a down payment or mortgage closing costs.

Ohio Homebuyer Plus Requirements

  •     Ohio Resident:  Participants must have their current primary residence located in the state of Ohio.
  •     Minimum Age:  Participants must be at least 18 years of age.
  •     Use of Funds:  Account proceeds must be used for the downpayment or closing costs of a home purchased in Ohio, with the home becoming the new primary residence of the participant.
  •     Agree to Terms:  Participants must review and agree to the terms of the program before the account is opened which can be found here:               https://tos.ohio.gov/files/Pdfs/HomebuyerPlusParticipation.pdf


*To learn more about Ohio Homebuyer Plus visithttps://tos.ohio.gov/homebuyerplus


*APY-Annual Percentage Yield.  This is a variable rate account.  Rates are subject to change after account opening.  $100 minimum to deposit to open account.  Maximum contribution limit is $100,000.  Account duration is limited to 5 years.