It is likely practical to get hold of many different lenders at this phase and possess prequalified. You will be able to compare financing has the benefit of and find this new the one that gives you an informed rate and you may terms.
The brand new Communities Basic system has its own list of acting lenders, plus the first rung on the ladder during the trying to get the fresh down-payment grant is to contact one among them lenders.
Step two: Select a property
That have an effective prequalification at hand, you’ll know the price a number of your house you need to be in search of. It is possible to thought employing an agent who will help you find the proper household and you will assist you from the process of fabricating an offer.
Step three: Apply for your loan
After you have a buy deal on the upcoming new home, you can over a full application for the loan towards bank you have chose. The loan manager will be able to complete your in to the brand new strategies you’ll want to try accomplish that. You may have to bring facts and you can documents to confirm which you be eligible for the loan.
Step four: Capture a homebuyer studies path
New Ohio Property Financing Department requires all the borrowers to complete good homebuyer degree movement authorized by the U.S. Service of Homes and you will Metropolitan Invention, and take the net movement provided by the service. The new OHFA program is free of charge.