Overview
First-time buyer financing combines low-down-payment loan programs, down payment assistance options, and education-driven guidance. John helps Cincinnati buyers compare FHA, conventional 3% down, and OHFA-eligible programs to find the lowest true cost, not just the lowest headline rate.
Benefits
- Down payments as low as 0-3.5%
- Down payment assistance options for qualifying Ohio and Kentucky buyers
- Gift funds permitted from family members
- Plain-English breakdown of taxes, insurance, and PMI
- Free pre-approval with same-day turnaround in most cases
Eligibility
- Generally a 580+ FICO for FHA, 620+ for conventional
- Two-year work history (or documented exception)
- Debt-to-income within program limits
- Stable U.S. residency and lawful work status
Cincinnati scenario
A teacher in Hamilton County wants a $250,000 home with $8,000 saved. We pair an OHFA program with FHA financing and a parental gift to get her into a 3-bedroom near her school district with monthly payments she's modeled out three years forward.
Frequently Asked Questions
Most first-time buyer loans in Cincinnati require a 580 FICO for FHA financing and 620 for conventional. John can pre-qualify you and explain exactly what your score means for your rate.