Ohio Homebuyer Plus

The Ohio Homebuyer Plus, offered in partnership with the Ohio Treasurer’s office, is a tax advantaged savings account designed to help Ohioans on their homebuying journey. Individuals who open an account through this program will have access to higher interest rates that will help them to save and grow their money faster.

Benefits of Ohio Homebuyer Plus 

• Contribute up to $100,000 to save for the purchase of a home
• Earn an attractive interest rate on your balances under $100,000
• Qualify for state of Ohio tax deductions for contributions and interest earned
• Eliminate the temptation to spend the money you’re saving
  • When you’re ready to purchase your home, eligible withdrawals, transfers or wire transactions can be completed at your local office.
  • Once you make your first eligible withdrawal transaction, you will have 90 days to complete any additional payments and close the account. 

Additional details on program account limits, eligible withdrawals and tax benefits can be found in the program Participation Statement.

For more information about the Ohio Homebuyer Plus program, visit https://tos.ohio.gov/homebuyerplus.

Consult your tax advisor for more information on Ohio Homebuyer Plus accounts, eligible withdrawals and your individual circumstances.

Who Is Eligible?

You must meet the following criteria to open an Ohio Homebuyer Plus account:

• Current Ohio Resident
• 18 years of age or older
• Have a Social Security Number or Tax Identification Number
• Purchasing a home (new primary residence) in Ohio within 5 years
• No other Ohio Homebuyer Plus accounts with any financial institution
• Have a $500 opening deposit

Additional details on program eligibility can be found in the program Participation Statement.

Open an Account Today