FHA Home Loans in Ohio — 3.5% Down

FHA Home Loan Benefits

 FHA financing combines a lower down-payment requirement with flexible qualification standards, making it useful for buyers in a wide range of financial situations. 

• Down payments as low as 3.5% for qualified buyers 
• Competitive fixed-rate mortgage options 
• Flexible credit and debt-to-income guidelines 
• Eligible gift funds may be used 
• Seller-paid closing costs may be available 
• Available to first-time and repeat buyers

 FHA loans are available to qualified first-time and repeat buyers. Eligibility depends on your income, credit history, existing debts, available funds and the property being purchased. 

• Stable, verifiable income 
• Acceptable credit history 
• Manageable monthly debts 
• The home must be used as a primary residence 
• The property must meet FHA appraisal and condition requirements 
• FHA mortgage insurance is required

 You do not need perfect credit or a 20% down payment to explore FHA financing.