FIRST TIME HOME BUYER PROGRAMS OHIO

FHA First Time Home Buyer Programs have been helping Ohio residents since 1934 

 

FIRST TIME HOME BUYER PROGRAMS OHIO

A knowledgeable & licensed Ohio 'First Time Home Buyer Program' Specialist can offer you a better loan including:

  • Low down payments (if any)

  • 24 Hour Pre-Approval

  • Low closing costs

  • Easier credit qualifying

  • Access to many of the unique

    State Specific Federal Government Backed Programs that may be available to Ohio First Time Buyers.


Ohio First Time Home Buyer Loan

If you’re buying your first home, then this is the perfect place to start. And don't fear: We have the first time home buyer specialist that answer all the questions you want to ask, — and, those you haven't thought of yet.  home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in Ohio with help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

Ohio USDA Home Loan

If you live in a small town, rural area or farmlands situated in a location approved by USDA Rural Development, you may be able to purchase a home with up to 100% financing. The United States Department of Agriculture (USDA) were designed to encourage rural development, meaning city homes are excluded. United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it can feel confident in your home financing decisions with step-by-step guidance from an experienced USDA Mortgage Banker.

 

Buying a 'Fixer Upper' in Ohio & Adding Additional Funds for Home Improvements

An FHA 203K Purchase and Rehab Loan can work in this situation. The 203K has many advantages. Put simply it is a mortgage insured by FHA that allows a home buyer to add rehab funds into a mortgage.

VA Veterans Home Loans in Ohio

The VA Home Loan is a Federal Program designed for United States Armed Forces, Military Retiree, Veterans, National Guard and Reservists, as well as Spouses.

Ohio Construction Home Loan

At last, a single loan that lets borrowers finance the construction of their home. You can even 'bundle the purchase of the land' land with your construction loan under what is called the 'One Time Close' loan. Guidelines for this program, can be found by clicking here: 'FHA Construction Loan Programs'  or here: 'VA Construction Loan Programs'

Buying a 2 Family or 3 Family Investment Property in Ohio

You can buy from a duplex residence all the way up to a 4 unit home with a Government Backed FHA Loan , as long as the property is owner occupied. .

Ohio FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

Ohio FHA Lending Limits 2017

Ohio Median Home Sale Price Price $129,500

 

County Name Single Duplex 3 Unit 4 Unit
ADAMS $275,665 $352,950 $426,625 $530,150
ALLEN $275,665 $352,950 $426,625 $530,150
   LIMA, OH
ASHLAND $275,665 $352,950 $426,625 $530,150
   ASHLAND, OH
ASHTABULA $275,665 $352,950 $426,625 $530,150
   ASHTABULA, OH
ATHENS $275,665 $352,950 $426,625 $530,150
   ATHENS, OH
AUGLAIZE $275,665 $352,950 $426,625 $530,150
   WAPAKONETA, OH
BELMONT $275,665 $352,950 $426,625 $530,150
   WHEELING, WV-OH
BROWN $275,665 $352,950 $426,625 $530,150
   CINCINNATI, OH-KY-IN
BUTLER $275,665 $352,950 $426,625 $530,150
   CINCINNATI, OH-KY-IN
CARROLL $275,665 $352,950 $426,625 $530,150
   CANTON-MASSILLON, OH
CHAMPAIGN $275,665 $352,950 $426,625 $530,150
   URBANA, OH
CLARK $275,665 $352,950 $426,625 $530,150
   SPRINGFIELD, OH
CLERMONT $275,665 $352,950 $426,625 $530,150
   CINCINNATI, OH-KY-IN
CLINTON $275,665 $352,950 $426,625 $530,150
   WILMINGTON, OH
COLUMBIANA $275,665 $352,950 $426,625 $530,150
   SALEM, OH
COSHOCTON $275,665 $352,950 $426,625 $530,150
   COSHOCTON, OH
CRAWFORD $275,665 $352,950 $426,625 $530,150
   BUCYRUS, OH
CUYAHOGA $275,665 $352,950 $426,625 $530,150
   CLEVELAND-ELYRIA, OH
DARKE $275,665 $352,950 $426,625 $530,150
   GREENVILLE, OH
DEFIANCE $275,665 $352,950 $426,625 $530,150
   DEFIANCE, OH
DELAWARE $326,600 $418,100 $505,400 $628,050
   COLUMBUS, OH
ERIE $275,665 $352,950 $426,625 $530,150
   SANDUSKY, OH
FAIRFIELD $326,600 $418,100 $505,400 $628,050
   COLUMBUS, OH
FAYETTE $275,665 $352,950 $426,625 $530,150
   WASHINGTON COURT HOUSE, OH
FRANKLIN $326,600 $418,100 $505,400 $628,050
   COLUMBUS, OH
FULTON $275,665 $352,950 $426,625 $530,150
   TOLEDO, OH
GALLIA $275,665 $352,950 $426,625 $530,150
   POINT PLEASANT, WV-OH
GEAUGA $275,665 $352,950 $426,625 $530,150
   CLEVELAND-ELYRIA, OH
GREENE $275,665 $352,950 $426,625 $530,150
   DAYTON, OH
GUERNSEY $275,665 $352,950 $426,625 $530,150
   CAMBRIDGE, OH
HAMILTON $275,665 $352,950 $426,625 $530,150
   CINCINNATI, OH-KY-IN
HANCOCK $275,665 $352,950 $426,625 $530,150
   FINDLAY, OH
HARDIN $275,665 $352,950 $426,625 $530,150
HARRISON $275,665 $352,950 $426,625 $530,150
   NON-METRO
HENRY $275,665 $352,950 $426,625 $530,150
HIGHLAND $275,665 $352,950 $426,625 $530,150
HOCKING $326,600 $418,100 $505,400 $628,050
   COLUMBUS, OH
HOLMES $275,665 $352,950 $426,625 $530,150
HURON $275,665 $352,950 $426,625 $530,150
   NORWALK, OH
JACKSON $275,665 $352,950 $426,625 $530,150
   JACKSON, OH
JEFFERSON $275,665 $352,950 $426,625 $530,150
   WEIRTON-STEUBENVILLE, WV-OH
KNOX $275,665 $352,950 $426,625 $530,150
   MOUNT VERNON, OH
LAKE $275,665 $352,950 $426,625 $530,150
   CLEVELAND-ELYRIA, OH
LAWRENCE $275,665 $352,950 $426,625 $530,150
   HUNTINGTON-ASHLAND, WV-KY-OH
LICKING $326,600 $418,100 $505,400 $628,050
   COLUMBUS, OH
LOGAN $275,665 $352,950 $426,625 $530,150
   BELLEFONTAINE, OH
LORAIN $275,665 $352,950 $426,625 $530,150
   CLEVELAND-ELYRIA, OH
LUCAS $275,665 $352,950 $426,625 $530,150
   TOLEDO, OH
MADISON $326,600 $418,100 $505,400 $628,050
   COLUMBUS, OH
MAHONING $275,665 $352,950 $426,625 $530,150
   YOUNGSTOWN-WARREN-BOARDMAN, OH-PA
MARION $275,665 $352,950 $426,625 $530,150
   MARION, OH
MEDINA $275,665 $352,950 $426,625 $530,150
   CLEVELAND-ELYRIA, OH
MEIGS $275,665 $352,950 $426,625 $530,150
MERCER $275,665 $352,950 $426,625 $530,150
   CELINA, OH
MIAMI $275,665 $352,950 $426,625 $530,150
   DAYTON, OH
MONROE $275,665 $352,950 $426,625 $530,150
MONTGOMERY $275,665 $352,950 $426,625 $530,150
   DAYTON, OH
MORGAN $275,665 $352,950 $426,625 $530,150
MORROW $326,600 $418,100 $505,400 $628,050
   COLUMBUS, OH
MUSKINGUM $275,665 $352,950 $426,625 $530,150
   ZANESVILLE, OH
NOBLE $275,665 $352,950 $426,625 $530,150
OTTAWA $275,665 $352,950 $426,625 $530,150
   PORT CLINTON, OH
PAULDING $275,665 $352,950 $426,625 $530,150
PERRY $326,600 $418,100 $505,400 $628,050
   COLUMBUS, OH
PICKAWAY $326,600 $418,100 $505,400 $628,050
   COLUMBUS, OH
PIKE $275,665 $352,950 $426,625 $530,150
PORTAGE $275,665 $352,950 $426,625 $530,150
   AKRON, OH
PREBLE $275,665 $352,950 $426,625 $530,150
PUTNAM $275,665 $352,950 $426,625 $530,150
RICHLAND $275,665 $352,950 $426,625 $530,150
   MANSFIELD, OH
ROSS $275,665 $352,950 $426,625 $530,150
   CHILLICOTHE, OH
SANDUSKY $275,665 $352,950 $426,625 $530,150
   FREMONT, OH
SCIOTO $275,665 $352,950 $426,625 $530,150
   PORTSMOUTH, OH
SENECA $275,665 $352,950 $426,625 $530,150
   TIFFIN, OH
SHELBY $275,665 $352,950 $426,625 $530,150
   SIDNEY, OH
STARK $275,665 $352,950 $426,625 $530,150
   CANTON-MASSILLON, OH
SUMMIT $275,665 $352,950 $426,625 $530,150
   AKRON, OH
TRUMBULL $275,665 $352,950 $426,625 $530,150
   YOUNGSTOWN-WARREN-BOARDMAN, OH-PA
TUSCARAWAS $275,665 $352,950 $426,625 $530,150
   NEW PHILADELPHIA-DOVER, OH
UNION $326,600 $418,100 $505,400 $628,050
   COLUMBUS, OH
VAN WERT $275,665 $352,950 $426,625 $530,150
   VAN WERT, OH
VINTON $275,665 $352,950 $426,625 $530,150
WARREN $275,665 $352,950 $426,625 $530,150
   CINCINNATI, OH-KY-IN
WASHINGTON $275,665 $352,950 $426,625 $530,150
   MARIETTA, OH
WAYNE $275,665 $352,950 $426,625 $530,150
   WOOSTER, OH
WILLIAMS $275,665 $352,950 $426,625 $530,150
WOOD $275,665 $352,950 $426,625 $530,150
   TOLEDO, OH
WYANDOT $275,665 $352,950 $426,625 $530,150
   NON-METRO