A few online resources for you!
There are many types of loans, you may only qualify for one type, but it's good to check them all out
Most first time home buyers go FHA which is a government backed loan. Typically, a fixed rate mortgage is preferred!!
Good luck to you!
I am a agent in Medina,Oh I can help you ! My company has a mortgage company affiliated and can refer you to a senior mortgage specialist he is wonderful at least you can see if your eligiable for any of the loans out there. have you seen your score and reasons behind the low score sometimes its as simple as old issues not updated in your credit.
Contact me and I will get you his name.
Typically, a credit score of at least 600, a good rental reference for atleast a year, and 2 years on the job are good indicators of being approved.. but.. its free so doesnt hurt to try!
After a short loan application and a few docuemnts, inclduing current pay stubs and past tax returns, as well as bank statements, and they can give youa pre approval within a few days! They will give you what's called a good fair estimate for closing costs as well as an estimate interest rate so you can compare it with another, and find the lender you feel most comfortable with as well as the one with reasonable closing costs and best interest rate. Sometimes, you can get the lenders to compete with each other!