Lower than market rate loan for 1st Time Homebuyers. This may be used on an FHA, VA, or Conventional type of loan. Applicants may not have owned a home within the past 3 years. Household income limitations apply. Property may not be more than 2 acres. Closing costs may be paid by buyer, seller or financed into the loan.

Annual Household Income Limitations for Richland & Surrounding Counties:

1-2 People: $57,950

3+ People:  $66,643

Our unique biweekly fixed rate mortgage is available to customers in Richland and surrounding counties only. Loan terms may be for 10, 15, 20, 25 or 30 years. Minimum downpayment is 10% with NO PMI required. This loan requires the customer to set up a deposit account and have their payment made on an auto-draft every 2 weeks. This particular loan requires excellent credit. PLEASE CALL US FOR SPECIFIC RATE QUOTES... 419-756-8876

Richland County Closing Costs: $975 = title insurance

Surrounding County Closing Costs: $1175 + title insurance

Because the payments are made biweekly, the mortgage will payoff early as follows:

10 Years - pay off approx 8.97 years

15 Years - pay off approx. 13.22 years

20 Years - pay off approx. 17.18 years

25 Years - pay off approx. 20.78 years

30 Years - pay off approx. 24.12 years

Interest Only during construction. Draws are all handled locally for Richland and surrounding counties. Lot equity will be used as downpayment equity. Minimum downpayment is 10% and NO PMI required for qualified applicants. Lower downpayments may also be available at higher rate/fees.

Richland County Closing Costs:        $1485 + Title Insurance

Surrounding County Closing Costs:   $1610 + Title Insurance

Call 419-756-8876 for a more specific rate and closing cost quote.

Conventional Loans are available to qualified customers at any downpayment. There are hundreds of lenders who offer many variations of conventional loans, but we have hand selected what we believe are the best choices amongst them. Because of the huge number of options, we cannot list them all individually here. Here is a partial listing of some interesting features available:

• Terms of 10, 15, 20, 25, 30, and 40 Years
• Lender paid Private Mortgage Insurance (PMI)
• With or without Secondary Financing (to avoid PMI)
• Interest Rate Buydowns

THIS MAY BE USED IN CONJUNCTION WITH THE OHFA 1ST TIME BUYER PROGRAM

FHA loans are government insured mortgage loans which are available to customers who have very little down payment and not-so-perfect credit. They may also be used for customers who wish to finance some home improvements into the home they wish to purchase. Recently the Department of HUD has eased some of the challenges to FHA lending and are working toward making it a simpler process.

FHA LOANS MAY ALSO BE USED IN CONJUNCTION WITH THE OHFA FIRST TIME BUYER LOAN.

If you have equity in your home, you may be able to access it using a Home Equity Line of Credit (HELOC) or a 2nd mortgage. These funds may be used for bill consolidation, home improvements, college payments, or for any other purpose. Consult your tax professional to determine tax deductibility of interest on these products. Call us for current rates and terms.

Many consumers today struggle with finances. We broker to lenders who understand this market, and have solutions for applicants who have experienced bankruptcy, foreclosure, judgements, collections, or late payments.

VA loans are only available to qualified veterans. This is a wonderful benefit that the U.S. government has provided for those men and women who have faithfully served our country. VA loans require NO downpayment, and closing costs may be paid by the seller of the property. Typically the interest rates are comparable to conventional loans.

VA LOANS MAY ALSO BE USED IN CONJUNCTION WITH OHFA FIRST TIME BUYER LOAN.