Unlock your dream home faster with the Ohio Homebuyer Plus Savings Program and our exclusive interest rate up to 6.250%* APY!
Saving for a new home in Ohio is now more rewarding than ever with this high interest, savings account opportunity. The Ohio Homebuyer Plus Savings Program gives you access to above-market interest rates to help grow your money faster and get into your dream home.
Ohio Homebuyer Plus Savings Program Special Offers:
Ohio Homebuyer Plus Savings account holders may take advantage of a $1000 credit** toward qualifying mortgage closing costs when they finance their home purchase through Kemba.
- Existing and aspiring Ohio homeowners are eligible (Primary residence must be in Ohio)
- $500 minimum contribution
- $100,000 maximum contribution
- Use the account balance for your primary residence purchase, in Ohio, within 5 years of initial program account opening, when contributions are less than $100,000.
- Put the account balance toward a down payment on your home and/or mortgage closing costs
- Once the balance reaches the maximum of $100,000, the member is required to use the funds for purchase of a house within 12 months (applicable to new accounts opened on or after 4/1/2025 and not retroactive to accounts opened prior to 4/1/2025).
- Deposits are federally insured by NCUA; subject to NCUA rules and limits
- Potential tax advantages+
| Balance | APY* | Dividend Rate |
|---|---|---|
| $0.00 - $5,000.00 | 6.250% | 6.078% |
| $5,000.01 - $10,000.00 | 5.250% | 5.128% |
| $10,000.01 - $100,000.00 | 4.250% | 4.169% |
| $100,000.01 and up | 0.050% | 0.050% |
Ohio Homebuyer Plus Savings Account Participant Requirements:
- Review the Ohio Homebuyer Plus Program Details and Participation Statement from the Ohio Treasurer's Office here
- Be an Ohio resident and at least 18 years of age
- Have your primary residence located in the State of Ohio
- Use the savings account proceeds toward the down payment and/or closing costs of a home purchased in Ohio, with the home becoming your new primary residence
Open your Ohio Homebuyer Plus Savings account today!
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Buying a Home?
Receive a $1000 closing cost credit** when you apply for a mortgage with Kemba.
If you are looking to purchase or refinance your home, look no further than Kemba. The Kemba mortgage team offers a variety of solutions to fit your mortgage needs. Whether it's your first home or you are looking to downsize, the home financing experts at Kemba are here to help.
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*APY = Annual Percentage Yield. Program available to eligible members and non-members. Non-members will need to establish a Kemba Membership. An Ohio Homebuyer Plus Savings Account requires a $500 opening deposit and must maintain a minimum balance of at least $500. Balances falling below $500 will be transferred to a Regular Savings account and the Ohio Homebuyer Plus Account will be closed. Maximum contribution to the account is $100,000. Ohio Homebuyer Plus accounts are individual accounts only, however, two individuals who are legally married may be eligible to open and fund individual Accounts held under their own membership. Funds must be used within five years of account opening for contributions totaling less than $100,000. Once contributions total $100,000, the funds must be used within 12 months. 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. Balances in the account will earn Dividend Rates and Annual Percentage Yields via a tiered balance schedule. Dividend rates accurate as of 4/30/2025. Dividend rates are subject to change. Program and/or program deposits are subject to change or terminate at any time, without prior notice, at the sole discretion of the Treasurer of the State of Ohio or Kemba Credit Union, Inc. Member will need to apply and certify information to the State of Ohio, to be approved for participation. Federally insured by NCUA.
** $1000 Closing Cost Credit (“credit”) Offer Disclaimer: A credit of up to $1000 will be applied toward eligible closing costs, at closing and not before, on a first position mortgage originated at Kemba Credit Union, Inc. for a new home purchase. Home refinances, Home Equity Loans and Lines of Credit are not eligible for offer. Offer valid for Ohio Homebuyer Plus (OHP) Savings Account members only; OHP account must be open for a minimum of 90 days to qualify and must carry a balance of at least $1000. The credit cannot exceed actual closing costs assessed, or maximum interested party contributions; cannot be used to fund any portion of the down payment or financial reserve requirements. OHP account must be open at Kemba Credit Union, Inc. at the time of mortgage origination to be eligible for the closing cost credit. One OHP closing cost credit per mortgage loan. One OHP lifetime closing cost credit per member; future newly opened OHP accounts are not eligible for the closing cost credit. The credit has no cash value; unused funds will be forfeited. Loan approval is subject to member credit and underwriting criteria, eligibility, product and program qualifications, parameters, and collateral conditions. Kemba Credit Union, Inc. reserves the right to modify or terminate this offer at any time, without prior notification. Equal Housing Opportunity. NMLS #422067
+ Please consult a tax advisor and/or your individual taxing authority regarding individual circumstances