There is a great program that the state of Ohio offers to first-time home buyers. It is called OHFA. Current rate is 5.875%. If you are a teacher or a policeman, you would may also qualify for an additional 1/4 point reduction. This rate was just quoted to me today from locally owned Heritage Mortgage Service, I have included a link below if you wish to speak with them.
Best advice is work with a local company. Especially in this market, you need to have a face with your loan if anything crops up.
You are in a perfect position right now. The inventory of homes out there is still large (Though it is shrinking), interest rates are still great, prices are depressed and sellers have never been more anxious to work with buyers!
This is truly a great time to be a buyer!!!!! If I can help you, let me know.
Most of them do.
There are so many programs available now as long as your credit is ok.