Based upon the information you presented, it would appear that you would qualify for the 130,000 Mortgage. As a lender in the Cleveland Area, I would be glad to answer any questions you might have and assist you with obtaining a PreApproval letter.
Based upon the income your presented, you may wish to Check out the Ohio Housing Finance Agencies Mortgage Credit Certificate Program. I have included a link to a calculator that will show the potential tax benefits of the program.
Just let her know you got her number from me......
You do seem like you are right on target for the FHA, now you need to look into programs that provide down payment assistance.
There are several you may want to look at. Some give you up to $10,000 to purchase a home based on the purchase price they give you 10% up to $10,000. There are others but they give less than that and they are income based which it seems you are not above income.
They require you to take home buyer classes which I believe is something you would want to do anyway. They also require you to have gone through the program before seeming a lender and before finding the home you would like to purchase.
I like these programs becaause they teach you more than just getting into the home, it teaches you the real life truth of owning a home. I used to do this myself (very time consuming) so I am happy these places are around to help.
You can contact me at anytime for more information on the programs and who to contact at each agency. These agencies only use approved banks so you are guaranteed to get the mortgage that is best for you not only now but in the future.
As a Real Estate Professional it is my duty to keep up with all the programs that aid my clients getting the best home for the least amount of money and least amount of money out of their pockets.
My direct number is 216-272-3877 and my phone is always on.
Your Trusted Advocate,
Your Trusted Advocate: Expert Customer Service, Proven Results!
Cecilia Sherrard & Andrew Ginter
RE/MAX NE Ohio