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Ohio Homebuyers Plus. A savings plan for Ohioans.
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Ohio Homebuyer Plus Program

Ohio is offering a new program to help Ohio residents achieve their dream of homeownership. The Ohio Homebuyer Plus Program allows future homebuyers to work with a community bank to apply for a savings account at a higher than market interest rate to start saving toward their down payment or closing costs.

Ohio Homebuyer Plus Program Requirements

To qualify, an eligible account holder must:

  • Be a resident of the state of Ohio.
  • Be at least 18 years of age.
  • Have a primary residence in the state of Ohio.
  • Only use the account proceeds toward the down payment of a new primary residence purchase in Ohio.

Accounts connected to the Ohio Homebuyer Plus Program must be used within five years of opening. You must also maintain a minimum balance of at least $100 and cannot exceed the maximum balance limit of $100,000.

Ready to apply?

Fill out the below form and bring into any Ohio branch location and one of our representatives will help you submit your application today! GSB/Ohio Homebuyer Plus Account Application

For more information on the program’s terms and frequently asked questions, please refer to the links below.

Ohio Homebuyer Plus Participation Statement
Ohio Homebuyer Plus Frequently Asked Questions

*APY (Annual Percentage Yield) accurate as of 09/19/2024 and is subject to change without notice. Account balances of $100-$10,000 will earn 6.00% APY; balances of $10,000.01-$100,000.00 will earn 4.00% APY. Account must be used within 5 years, maintain a minimum balance of at least $100, and cannot exceed a maximum balance of $100,000.00. Program may be discontinued at any time. Account is subject to a complete application and approval by the Ohio’s Treasurer’s Office. This is a variable rate account; the rate may change after account opening and program terms subject to change without notice.
**A credit of up to $500 will be applied at closing towards eligible closing costs on a first position mortgage from Guardian Savings Bank for a new home purchase. Offer is exclusively for Ohio Homebuyer Plus (OHP) Savings Account customers only. To receive the credit, conditions include: maintaining an open OHP savings account for at least 90 days with a minimum $100 balance. The credit cannot exceed actual closing costs or maximum interested party contributions, and cannot be applied towards down payments or financial reserves. The OHP account must be open at Guardian Savings Bank at mortgage application to qualify. Limit one OHP closing cost credit per mortgage loan and one per household lifetime; future OHP accounts are ineligible. The credit holds no cash value; unused funds will be forfeited. Offer subject to creditworthiness and eligibility, and may be discontinued or modified at any time. Limited time offer.
***Limit of one account per social security number and must be individually owned. Consult with a tax advisor and visit https://tos.ohio.gov/homebuyerplus/ to review the Ohio participation statement & learn more details.