The AmeriFirst Home Buyer Learning Center

A First Time Home Buyer Mortgage for Ohio

Posted by Dan Moyle on Thu, Jan 19, 2012

first time home buyer mortgage ohio welcomeFrom Akron to Cleveland to Cincinnati to Columbus, Ohio first time home buyers have a lot of options when it comes to buying a house. Whether it's the standard FHA 203b loan or a conventional mortgage with a large down payment, Ohio buyers can choose from a large list of mortgage loan programs. However, finding the right one for you can prove a challenge.

Research is key to finding the right first time home buyer mortgage. If you're looking to buy a fixer-upper at a low price and make it your own, then the FHA 203k might be just the thing for you. If you're looking in Medina and you find a Fannie Mae-owned property (you've read the foreclosure stories after all) then a HomePath mortgage may work for you. Maybe a relative left you an inheritance or you have a large savings account. Conventional 20% down could work well.

So where do you start? From the mortgage side of the home buying process, we suggest mortgage pre-approval. This will help you know how much house you can afford, and real estate agents see a pre-approved buyer as a powerful buyer. After pre-approval you're ready for house hunting. This is when the fun begins as you drive through neighborhoods and dream about the possibilities.

You can learn more about the buying process with the free eBook "The Essential Guide to Buying Your First Home" at the button below. The 11-page guide covers FICO credit scores, pre-approval, down payments and more. Get your copy today to find your first time home buyer mortgage for Ohio.


(Welcome to Ohio: Flickr user bearclau)

Topics: first time home buyer

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