Home Buying in Columbus>Question Details

Carrie Mitch…, Home Buyer in Columbus, OH

My husband and I want to buy our first home but neather one of us have good credit is it still possable to

Asked by Carrie Mitchell, Columbus, OH Tue Jun 3, 2008

we have heard of the first time home buyers program but we don't know what to do to get help with it

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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!

Brent Bester
Mortgage Professional
Union Savings Bank
1 vote Thank Flag Link Thu Jun 5, 2008
Hi Carrie!

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
office 937-573-0082
fax 937-433-3561
Real Living Realty - #1 in OHIO!
Realty, Mortgage, Title, Relocation
Web Reference: http://www.teamedwards.info
1 vote Thank Flag Link Thu Jun 5, 2008
There are many 1st time programs available through Columbus Housing Partnership and a good lender will know of other government grants. Sometimes what you think is bad credit really is not. Knowledge is power so I recommend getting with a lender first. That way, if you need to do a few things to clean up your credit,they can let you know . If not, you can get approved and go from there.
1 vote Thank Flag Link Wed Jun 4, 2008
A GOOD lender is a first step. Do your research for someone that will take a long term approach to your financial picture. They will help you create a plan, evaluate your credit, help you make quick and long term repairs, and a strategy to buy a home.

Good luck
1 vote Thank Flag Link Tue Jun 3, 2008

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.

Good luck!

Art Hotes ~ RE/MAX
Web Reference: http://www.ArtHotes.com
1 vote Thank Flag Link Tue Jun 3, 2008
Hello, i am selling a house and we are offering to help buyers with there down payment and closing cost. Take a look...You could use that to help you qualify.
0 votes Thank Flag Link Thu Jun 5, 2008
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