We Can Help You Buy Columbus Ohio Real Estate, Homes, & Investment Property with a No Money Down Mortgage in Central Ohio

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What clients say…

“I am writing to thank you so very much for our home. With out you our dream would have never been possible. We never thought in a million years we could own are home anytime soon, but with your patience and professionalism we got the financing we needed and the home we have always dreamed of. If I ever sell, buy or no any body who dose we will definitely turn to you. I just want everybody else out there to know how blessed we were to find you and hope they know you are truly a miracle worker. Thank you so very much again.”
- Chris Counts &
Jessica McClary
Gahanna, Ohio

“My wife and I needed to move within two months and were very worried about the entire process since we were first time buyers. Petra helped us every step of the way. As soon as we contacted her she began searching for houses in the area and price range we requested. Once we found the house we wanted, she helped us through the offer and counter offer stage and recommended a lender to help us with the financing. She even worked on a counter offer for us on Easter Sunday. We are extremely happy that she was recommended to us and would recommend her very highly to anyone needing a great real estate agent. She patiently answered all of our questions and was very honest with us. The entire home buying process went very smoothly due to Petra’s knowledge, work ethic, and experience. We can not thank her enough.”
-Mark & Lisa Grantz

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Columbus Ohio No Money Down Mortgage Info

The sub prime mortgage mess and foreclosure rates in Ohio have caused mortgage guidelines to change drastically. There are still a few ways to buy a home with no or almost no money down mortgage loan in Columbus Ohio including: government loan programs such as down payment assistance grants, OHFA Ohio bond money, USDA loans, Grants for GRADS, Ohio Heroes Loan Program and VA loans - no money down mortgage loans for veterans. Which one is best for you depends on your qualifications, financial situation, employment history, credit status and how long you plan to be in the home.

I can refer you to lenders who offer a variety of loan programs, including all those listed on this page. Please call me at 614-746-2115, for personal assistance.

No Money Down Payment Mortgage Gift Program Update

In July 2008, the Housing and Economic Recovery Act was passed. Among the key provisions of the bill, the program that allowed sellers to provide down payment assistance to FHA buyers through a down payment assistance (DPA) program such as Nehemiah and AmeriDream were eliminated as of October 1, 2008. In addition, the bill increases the down payment requirement for borrowers getting FHA loans from 3.0% to 3.5%. Ohio still has a down payment grant assistance program which requires almost no money down, for first time home buyers.

First time home buyer government programs

There are Ohio government programs that provide lower mortgage interest rates and down payment assistance to those who qualify. You must be a first time home buyer - or have not owned a home in the last 3 years. It is usually provided 2 times a year until the allotted money runs out. This is FREE money from the government to buy your home, so of course there are strings attached - but it’s still an awesome deal since NO MONEY DOWN loans are very rare these days.

SEPTEMBER 16,2011 OHIO GRANT MONEY UPDATE

The Ohio Housing Finance Agency - OHFA offers grant money for down payment assistance called Ohio Bond Money, for first time home buyers in Ohio. This the best way to buy a home with practically no money down mortgage, in Ohio because OHFA will provide 2.5% down payment assistant grant money. FREE Ohio Bond Money is available for first time home buyers, with special benefits for veterans!! Limited funds are available, CALL TODAY to see if you qualify!

Unassisted - 30 year fixed interest rate at 4%
Assisted - 3% FREE GRANT money for down payment & 30 year fixed rate of 4.5%
Ohio Grants for Grads - 4%
Ohio Heroes Loan Program (Veterans Loan Program) – 30 year fixed interest rate at 3.75% without the 3% down payment assistance grant
Ohio Heroes (Veterans Loan Program) – 30 year fixed interest rate at 4.25% with 3% assistance grant

USDA Rural Housing Loans

USDA loans allow you to buy a rural home in Ohio, with zero down. Homes in most of the counties surrounding Franklin County should qualify for a USDA no money down loan. There is an up front guarantee fee of 3.5% of the final loan amount, most of which can be payed by the seller or financed into the loan. Closing costs (not including discount points) can also be financed or paid for by the seller, provided the property appraises high enough to include those costs in the loan.

Conventional No Down Payment Home Loans

For those with excellent credit Conventional loans offer a lot of flexibility and options for buying a home, but no longer offers zero down mortgage loans. However, conventional loans may allow higher purchase price limits than FHA loans do. Conventional loans offer more flexible financing options for many condos and investment property, that can not qualify for an FHA loan.

VA Home Loans for Military Veterans

VA loans are the best option for a true no money down home loan. If you’ve served in the military, you may qualify for a VA no down payment mortgage loan. VA loans offer great benefits including: no money down, low rates, easy qualification and NO MORTGAGE INSURANCE (PMI) to keep your monthly payment lower. You’ve earned it and you deserve to take advantage of this incredible opportunity!

Loan Limits Increased - To $359,650!
The Veterans Benefits Act recently raised the VA loan limits allowing more Veterans and individuals on Active Duty to qualify for VA home Loans. You can now get a VA mortgage loan up to $359,650 with no money down, if you qualify! I recommend you use a local Columbus Ohio lender for your VA mortgage and would be happy to refer you to a reputable lender - just call me at 614-746-2115. I have seen many online VA lenders outside of Ohio charge much higher closing costs and loan fees and they aren’t as familiar with our Ohio home buying process as a local Central Ohio lender is. Remember local lenders care more about their reputation because they want to continue receiving referrals from local REALTORS® - so they have a lot of motivation to do a good job.

NO MONEY DOWN PHYSICIAN HOME LOANS - ZERO DOWN MORTGAGE LOANS FOR DOCTORS IN OHIO

I recently had an Ohio State University Medical Resident Doctor buy a home in the Columbus Ohio area with a conventional 100% medical professional mortgage Loan with NO PMI! I have a lender who offers a no money down physician home loan with no private mortgage insurance. This no down payment mortgage loan for doctors in Ohio also offers competitive interest rates too. This no money down home loan is offered for physicians and other medical professionals including: doctors, dentists, physicians, DDS, DMS, Optometrists, Ophthalmologists and oral or maxillofacial dental surgeons.

If you’re a medical professional or doctor interested in buying a home with a no money down mortgage and no mortgage insurance, in the Columbus Ohio area, CONTACT PETRA at, 614-895-0496 and I’ll be happy to help find your ideal home and recommend the lender that has the best loan option for you too.

Buying Real Estate Investment Property With No Money Down . . .

Because of the sub prime mortgage mess and increased foreclosure rates in Ohio, lenders are no longer offering no money down mortgage loans for investment property. However, if you plan to be an owner occupant on a 2-4 unit multi family dwelling, you could still use the FHA OHFA - Ohio Housing Financing Agency no money down first time home buyer loan programs, if you qualify.

ARE YOU READY TO BUY COLUMBUS OHIO REAL ESTATE WITH NO MONEY DOWN?

Please call me at 614-895-0496 ANYTIME from 8am-10pm EST, for personal assistance or complete Petra’s FREE HOME FINDER SERVICE to get started!

Petra Hinterschied - Re/Max Connection Realtors

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