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Where can I find first time home buyer help?

I've heard that there's help for first time home buyers. Where can I find first time home buyer help? How do I know if I qualify for it? And if I do qualify, is there any drawback to pursuing this assistance for first time home buyers?
Asked By Maggie | Cedarville, OH | 38 views | Buying | 2 weeks ago
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Novice
7 Answers
CHRISTINE GARDNER

Berkshire Hathaway Gross & Jansen

(44)

Reach out to a lender and research. Depending on the area, type of home, land etc, see if there are any local grants for your type of loan for deposit or closing costs.
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Novice
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Al Waddell

RE/MAX Partners

(43)

Hi Maggie; A great place to start is www.MyOhioHome.org. This is the Ohio Housing Finance Agency. They specialize in helping buyer get started in the home buying process. Many lenders have special programs for First-time Home Buyers as well. For example Huntington Bank (the largest Mortgage Lender in Central Ohio) has a program called Home For Good: Here is info from their flyer: Home for Good Mortgage We’re here to help with a mortgage that turns a good chance into a great possibility. Welcome home to a home for good. • Down payment options as low as 3% • Down payment assistance grant of $5,000 can be used toward minimum down payment requirements. Repayment is not required‡ • Minimum of $500 owner contribution† • Minimum FICO® score of 580†† • No mortgage insurance requirement • Up to 50% in debt-to-income (DTI) ratio accepted • Available for purchases by fi rst-time home buyers, or refi nancings, of primary residence in certain locations • Can be combined with gift funds and other You may want to reach out to them to see what is available in your area. BTW: I lived in Cedarville when I was in college there. I had a pert-time job in Springfield at the mall... Good Luck!! Al

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