FHA will be your best option if you have less than perfect credit. Additionally OHFA (Ohio Housing Financing Agency) has an excellent program for first time homebuyers and they have no minimum credit score! They contribute up to 4% to cover downpayment and prepaids.Thus offering a true 100% loan. The current rate is 5.875 on a 30 year fixed. They are truley the loans that I focus on today. I would be more than glad to help get you qualified for the program. I work at a bank local in columbus and you can feel free to give me a call. Good luck with everything!
Union Savings Bank
There are many great programs out there right now for first time buyers. Real Living Mortgage, a division of Wells Fargo, is offering an interest rate buydown for all home buyers. Your interest rate would be 1% less the whole first year. For example, on a $100,000 home at 6.25% interest, you would save $840 with that program the 1st year because your monthly payments would be $70 less each month! Please contact me today for more information.
Christina Asad Edwards, REALTOR
2006 & 2007 Sales Masters Top Agent
mobile or text 937-205-4741
Real Living Realty - #1 in OHIO!
Realty, Mortgage, Title, Relocation
Check with a reputable lender. Have them pull both of your credit to see. I know that there are some FHA programs that may accommodate your situation.
Art Hotes ~ RE/MAX