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Hot mortgage products in Ohio

Grants Homebuyers in need of down payment assistance in Ohio have 2 grant programs available that offer up to 5% in down payment and closing cost assistance.  The programs are available with both conventional and FHA purchases.  These are not limited to first time homebuyers so even if you have owned a home in the […]

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Fannie Mae Changes to 3% Down Program Available Today

Fannie Mae has made changes to its HomeReady mortgage program effective 7/26/2016.  The HomeReady program offers low / moderate income borrowers 3% down payment options for purchasing a home. Changes that go into effect immediately include: Income limits have been raised to 100 percent of area median income (AMI) in all areas except for low […]

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Use 100% Gift Funds for Your Home Purchase

If you are thinking of buying a home but have not saved up enough for your down payment there are options available. Conventional loans allow for 100% gift funds from a qualified donor when purchasing a home just as FHA does. Most banks may tell you that the use of gift funds for a low […]

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Welcome Home Grant of $5000 Where is the money from?

  The funds for the Welcome Home Grant are not directly from the Federal Government but rather the Federal Home Loan Bank of Cincinnati.  The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 12 U.S. government-sponsored banks that provide stable, on-demand, low-cost funding to American financial institutions (not individuals) for home mortgage loans, small […]

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$5,000 Welcome Home Grant CLOSED 4/11/2014

See 2017 Welcome Home post at http://www.bdiebert.com/2017/01/31/welcome-home-grant-2017-for-5000-on-31/   $200,000 available with “Welcome Home Grant” available for distribution starting MARCH 3RD.  I highly recommend you start writing purchase contracts NOW so that funds can be reserved immediately on March 3rd.  Funds are available for a very limited time on a first come first serve basis Welcome Home Grant  Down […]

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MCC Tax Credit offers a yearly tax credit up to $2,000!

With the depletion of the funds from the Welcome Home Grant of $5,000 for 2013 you may feel that you have missed all of the free grant money.  There’s still free money in Ohio and it can add up to tens of thousands of dollars.  The program is called the Mortgage Credit Certificate program and […]

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$5,000 Welcome Home Grant opens March 1st 2013 (CLOSED 4/29/13)

See 2017 Welcome Home post at http://www.bdiebert.com/2017/01/31/welcome-home-grant-2017-for-5000-on-31/ $200,000 in Welcome Home grant funds available to low and moderate income home buyers in Central Ohio. The grants are available up to $5,000 and funds can be used for both down payment and closing costs. For the purpose of this program income limits are $54,000for a 1-2 person […]

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$5,000 Welcome Home Grant Program opens March 1st — Program is closed for 2012

This program is closed as of March 30th for 2012   $200,000 in grant funds available to low and moderate income home buyers in Central Ohio. The grants are available up to $5,000 and funds can be used for both down payment and closing costs. For the purpose of this program income limits are $53,280 […]

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Program offers incentive for College grads to stay in Ohio

Grants for Grads is a program with the distinct purpose of limiting “brain drain” in the state of Ohio.  The program offers college graduates the opportunity to qualify for 2.5% in down payment assistance to purchase a home within 18 months of graduation.  The program allows graduates to qualify for both down payment assistance and […]

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Has your lender offered you a yearly tax credit up to $2,000

With the expiration of the $8000 First Time Home Buyer Tax Credit and the depletion of the funds from Welcome Home Grant of $5,000 you may feel that you have missed all of the free money. There’s still free money and it can add up to tens of thousands of dollars. The program is called […]

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