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.
For more information about the Ohio Homebuyer Plus program, please visit ohiotreasurer.gov/homebuyerplus.
Please note: Individuals are required to review the Ohio Homebuyer Plus participation statement prior to opening an account through the program. You can review the participation statement HERE.
Ohio Homebuyer Plus Savings Account
Take advantage of this special offer of an interest-bearing savings account to assist Ohioans on their homebuying journey. Earn 7.75% APY on an Ohio Homebuyer Plus Savings Account.
Minimum Opening Deposit
APY
Minimum Opening Deposit
$100
APY
7.75%
$500 Deposit Match
To receive a $500 deposit match, open your account at a Telhio Credit Union branch or online with promo code HOME24. Ensure you have an active Telhio Share Savings account, are enrolled in e-statements, and deposit $500 into your Ohio Homebuyer Plus Savings account within the first 180 days of opening. The $500 deposit match will be added to your Ohio Homebuyer Plus Savings account within 30 days of meeting these requirements. Your account must be in good standing without a negative balance to qualify for the bonus.
Buying a Home?
Get a $1500 Closing Cost Credit When You Apply for a Mortgage with Telhio
Ohio Homebuyer Plus Program participants will receive a $1500 closing cost credit when you purchase your home with a mortgage from Telhio.
Telhio Credit Union has a team of experienced mortgage professionals who provide personalized service to guide customers through the entire mortgage process. They offer a wide range of mortgage products and keep customers informed throughout the process, making the experience as smooth and stress-free as possible. We're confident that you'll see why so many people choose Telhio Credit Union for their mortgage needs.
OHIO HOMEBUYER PLUS REQUIREMENTS
Participants MUST:
- Be an Ohio resident at least 18 years of age
- Have their primary residence located in the State of Ohio
- Only use account proceeds toward the down payment or closing costs of a home purchased in Ohio, with the home becoming their new primary residence
Accounts must be used within five years, maintain a minimum balance of at least $100, and cannot exceed a maximum balance of $100,000.
*APY = Annual Percentage Yield. Eligible to members and non-members. Non-members will first need to open a regular share account in addition to the Ohio Homebuyer Plus Savings Account account to qualify. $100 opening deposit required. Members must maintain a minimum balance of at least $100. Maximum deposit allowable of $100,000. Account cannot be held jointly. Two individuals who are legally married are both eligible to open and fund individual Accounts held under their own membership, must be a resident of the State of Ohio with primary address being in Ohio. Applicant must be at least 18 years of age. Funds must be used within five years of account opening. Members shall hold not more than one Ohio Homebuyer Savings Program account at any one time except as allowed in the Ohio Homebuyer Savings Plus Participation Statement.
**$1500 Closing Credit Offer Disclaimer: Offer valid for Ohio Homebuyer Plus Savings Account customers only; account must be open for a minimum of 90 days to qualify. Offer valid for home purchases only; purchase must be primary residence in Ohio. Home refinances not eligible for offer. Not valid on home equity loans or lines of credit. All loans subject to approval based upon creditworthiness, qualifications, and collateral conditions. Cannot be combined with any other offers. One closing cost credit per member. Offers subject to credit and underwriting guidelines. Telhio reserves the right to modify or eliminate these offers at any time. Equal Housing Opportunity. NMLS #251831.
***Offer for new Ohio Homebuyer Plus Savings Accounts only. Limit one offer per person. Account must be opened at a Telhio Credit Union branch or online at telhio.org. Must use promo code HOME24. To qualify for the $500 deposit match you must 1) have an active Telhio Share Savings account 2) be enrolled in e-statements 3) deposit $500 into the Ohio Homebuyer Plus Savings account within the first 180 days of opening. $500 deposit match will be deposited into your Ohio Homebuyer Plus Savings account within 30 days of meeting the criteria. Account must be opened before December 31, 2024. Account must be in good standing and not have a negative balance to qualify for bonus. Deposit match bonus may be considered income and reported on IRS Form 1099-INT. Telhio reserves the right to modify or eliminate this offer at any time.
