ATTENTION FIRST TIME HOME BUYERS . . . YOU CAN STILL BUY A HOME WITH NO MONEY DOWN LOANS IN COLUMBUS OHIO.
You may have heard about the Housing and Economic Recovery Act of 2008, which passed in July. While there are many good points to this bill, you know the government had to throw some bad ideas in there too. Supposedly this new law is intended to help prevent foreclosures, restore home values and stabilize housing markets. Here’s what you need to know about buying a home with no money down loans in Columbus Ohio.
FHA ZERO DOWN MORTGAGE LOAN PROGRAMS GOING AWAY
What were they thinking? Among the key provisions of the bill, the program that allowed sellers to provide down payment assistance to buyers through Down Payment Assistance (DPA) programs such as Nehemiah and AmeriDream, will be eliminated October 1, 2008. Buyers will still have the ability to obtain a gift for their down payment from a relative, which is what many buyers relied upon, before DPA programs existed.
HURRY – YOU CAN STILL BUY WITH A ZERO DOWN MORTGAGE UNTIL SEPTEMBER 30, 2008
If you are thinking about buying a home in the Columbus Ohio area in the next year and were hoping to buy with a no money down home loan, now’s the time to move. I have a very reputable mortgage broker in Columbus Ohio who can process a loan in 2-3 weeks, so there’s still time to get a no money down loan. Call Petra at 614-895-0496 today to get started!
TO LEARN MORE ABOUT BUYING A HOME WITH NO MONEY DOWN IN THE COLUMBUS OHIO AREA VISIT: ColumbusCastles.com/Buyers_nomoneydown
GOOD NEWS FOR FIRST TIME HOME BUYERS IN OHIO
While ZERO DOWN mortgage loans are going away for most FHA home buyers, there is still a program for first time home buyers in Columbus Ohio to buy a home with no down payment. OHFA, The Ohio Housing Finance Agency provides Ohio Bond Money, a 3% down payment assistance grant or a 2nd mortgage to cover the down payment. Anyone who hasn’t owned a home in the last 3 years, within certain income guidelines may qualify. Plus the Ohio Heroes program offers lower rates for qualified buyers including veterans, firefighters, police, teachers and health care workers.
GOOD NEWS FOR VETERANS
Veterans who qualify for a VA loan can still buy with a NO MONEY DOWN MORTGAGE LOAN as usual. I have a very experienced mortgage broker who’s been providing VA loans in Columbus Ohio for many years that I can refer to you – just call me at 614-895-0496 to get started. The Bill also contains provisions to help returning soldiers avoid foreclosure including lengthening the time a lender must wait before starting foreclosure from 3 to 9 months after a soldier returns from service.
GOOD NEWS FOR OHIO DOCTORS WHO WANT TO BUY A HOME WITH NO MONEY DOWN
I know a lender who offers zero down physician home loans this is a conventional no down payment mortgage for doctors, with no mortgage insurance. This is a great deal because this no money down mortgage for doctors in Ohio also offers competitive interest rates and no mortgage insurance.
GET FREE BUYER REPRESENTATION
CALL PETRA AT 614-895-0496, to make your home search easier – AT NO COST TO YOU! I only work with reputable mortgage brokers, lenders and bankers in Columbus Ohio and would be happy to refer you to the best lender for your situation so you can buy a home with no money down and I’ll help you find your ideal home in the Columbus Ohio area too.
SIGN UP FOR PETRA’S FREE COLUMBUS OHIO HOME FINDER SERVICE – to get real estate listing updates via email the same day they come on the market – with all the details including pictures and virtual tours CONTACT PETRA TODAY AT 614-895-0496.
TO LEARN MORE ABOUT BUYING A HOME IN THE COLUMBUS OHIO AREA VISIT: ColumbusCastles.com/Buyers