Ohio’s veterans, many near Wright-Patterson Air Force Base, can buy with no down payment through VA, and the state adds property tax relief for disabled veterans.
VA residual income in Ohio
VA puts Ohio in its Midwest region. The money left each month after taxes, the housing payment, upkeep and debts must be at least:
| Household | Minimum a month |
|---|---|
| 1 person | $441 |
| 2 people | $738 |
| 3 people | $889 |
| 4 people | $1,003 |
| 5 people | $1,039 |
For loans of $80,000 or more; a lower table applies below that, and households over five add $80 a person. Source: 38 CFR 36.4340(e). The VA affordability calculator applies it to your numbers.
What is different in Ohio
- VA’s residual income test uses the Midwest region figures for Ohio (table below).
- Active-duty members and retirees who use Wright-Patterson’s facilities get a 5% reduction in the residual income minimum.
- Ohio’s homestead exemption is larger for veterans rated 100% disabled from service.
- Ohio’s lower prices often mean a VA buyer clears the residual income test with room to spare.
Questions
Is there a VA loan limit in Ohio?
Not with full entitlement. With partial entitlement, the $832,750 conforming limit in every Ohio county sets how much VA guarantees.
Do disabled veterans get a property tax break in Ohio?
Yes. Veterans rated 100% disabled from service, or totally disabled from individual unemployability, can get an enhanced homestead exemption on their home. See also: Mortgage loans in Ohio.
Can I use a VA loan on an Ohio multi-unit home?
Yes, up to four units, if you live in one, and the other units’ rent can help you qualify. See also: Mortgage loans in Ohio.
Related
VA loans in other states: California, Arizona, Florida. All of Ohio: mortgage loans in Ohio.
