FHA Loans
in Ohio

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If you are searching for a way to keep your down payment low while purchasing a home in Ohio, one type of mortgage worth considering is an FHA loan.

FHA loans are focused primarily on serving the needs of first time homebuyers, but you also may be eligible for FHA financing as a repeat homebuyer.

What is an FHA Loan?

An FHA loan is insured by the Federal Housing Administration (FHA). This backing helps to offset risky factors in your borrowing profile, qualifying you for more competitive financing.

Benefits of FHA Loans in Ohio

Here are a few of the reasons why first time and repeat homebuyers choose FHA loans:

FHA loans have low down payments. If your credit score is 580 or higher, your down payment could be 3.5%.

Credit requirements in general are more flexible for FHA financing than they are for some other types of home loans. The same is true for debt-to-income ratio.

With an FHA loan, affordable fixed or adjustable mortgage rates are available.

Closing costs may be low, or may be covered by the seller.

While FHA loans are most often used for home purchase, FHA financing for upgrades, repairs and refinancing are available as well.

Do You Qualify for an Ohio FHA
Mortgage?

The FHA created this loan program to be as easy to qualify for as possible. Here are the eligibility requirements for an FHA loan in Ohio:

As mentioned above, you will need a credit score of at least 580 for 3.5% down.

Your credit score will need to be at least 500 to qualify for 10% down.

A debt-to-income ratio of 43%-45% is ideal.

You need to have been employed continuously for at least two years prior to applying for an FHA loan.

When you apply for FHA financing, the lender will check your credit alert interactive voice response system (CAIVRS) report to make sure your record is clear.

You can only use an FHA loan to purchase, repair or refinance a primary residence. For a second home, you will need to pick a different type of loan product.

It is not necessary to be a first time homebuyer.

You may still be eligible for an FHA mortgage with a bankruptcy or foreclosure on your record.

What Our Clients Are Saying

Lisa Bowman
Lisa Bowman
18:51 27 Jun 22
Jarrod is hands down the best to work with. Every transaction he has gone the extra mile to make sure I’m getting the best rate and that I am making financially savvy choices. 10/10 would recommend!!
Tyenna Rodriguez
Tyenna Rodriguez
13:39 26 Jun 22
I had the great experience working with Maria. She was extremely helpful and avaliable throughout this entire process. I'm glad I was able to work with her and I will recommend anyone I know in the market to her. Thank you Maria for your exceptional service.
Peter Guirguis
Peter Guirguis
22:18 24 Jun 22
Wow, simply amazing! Jason Krasnow is my loan officer and he has been nothing short of spectacular! He gets me the BEST rates and keeps me updated throughout the entire process. Laura Matthews is a wizard when it comes to helping you with all of the paperwork and loan docs. This powerful duo is the perfect team to get your loan done right! Highly recommend, five stars all the way!
Kelly Ginn
Kelly Ginn
19:37 24 Jun 22
I have worked with Jarrod Singleton and Liberty Capital for many years. My buyers have always been happy with the communication and accuracy provided and if my buyers are happy, I'm happy. Thank you Jarrod!
Alexandra Quintanilla
Alexandra Quintanilla
16:04 24 Jun 22
Maria offers an excellent service! She’s been great to work alongside with, I know my clients are in great hands with her. Thank you for all you do
jason Krasnow
jason Krasnow
14:40 24 Jun 22
Great Rates and Fast Service!
RYAN FARKAS
RYAN FARKAS
13:47 24 Jun 22
Jarrod has helped me and my wife with multiple purchases and a refi. He has always been extremely helpful and honest through the entire process. I won’t take my mortgage needs through anyone else. 10/10 recommend Jarrod.
Jessica Rmz
Jessica Rmz
13:23 24 Jun 22
Conrad Cosey
Conrad Cosey
13:23 24 Jun 22
I had nothing but a great experience with Jarrod and Liberty Capital Services. Jarrod's experience and knowledge was vital in helping us navigate what our next steps should be in this current housing market. Would recommend Jarrod and his team to anyone who is looking for a personable, easy going and efficient experience!
Liza Vondenhuevel
Liza Vondenhuevel
13:16 24 Jun 22
Marolyn
Marolyn
12:50 24 Jun 22
Thank you, Maria for the exceptional service and for always being friendly and available at all time.
Jason B
Jason B
12:47 24 Jun 22
Jarrod was amazing. He walked us through the loan process step by step. He took care of everything he could, leaving us zero stress about the process. Highly recommended.
katushka del pozo
katushka del pozo
12:42 24 Jun 22
Maria is an exceptional loan officer! I wouldn’t want to work with anybody else. Thank you for your assistance throughout the loan process. I will gladly send your way anyone I know that is in the market. Thank you for everything Maria.!
Karina Felipe
Karina Felipe
12:42 24 Jun 22
Jackie liriano
Jackie liriano
12:41 24 Jun 22
Great company to work with. Thank you Maria for helping me through the process.
Rina Gomez
Rina Gomez
12:34 24 Jun 22
Juvenal Romero
Juvenal Romero
12:32 24 Jun 22
Excelente trato, un equipo que te guía, ayuda y ajusta a tus necesidades, sin duda los recomendamos. Gracias
Brittany Walker
Brittany Walker
12:29 24 Jun 22
Where do I begin!?! Jarrod Singleton is amazing & services his clients with the upmost professionalism. He helped me refinance my mortgage, and truly helped make a situation I saw as daunting, but instead made it extremely easy, and beyond beneficial to me. The level of service, check ins, management of the documents and process was by far the best. I would recommend him to ANYONE needing mortgage, refinance, and so on to! I have called him since to advise on my future mortgage scenarios and he walks me through possibilities, and mapping out a plan in place with whatever it may be I have questions about. This goes beyond a transactional service, instead a relationship I have been able to trust for my future decisions as well.
Melinda Dugan
Melinda Dugan
16:43 23 Jun 22
Awesome service and easy to get in touch with. Jarrod is a great problem solver when there is a bump in the road!
Mistaken Savage
Mistaken Savage
14:27 23 Jun 22
Kourtney Klima
Kourtney Klima
14:25 23 Jun 22
Jarrod has helped us TWICE now with buying our homes! He has make the process so early and stress FREE! Which is huge when buying a home. We can’t thank Jarrod enough for all he has done for us!!
Sean Anderson
Sean Anderson
17:00 22 Jun 22
Thien Nguyen
Thien Nguyen
14:36 22 Jun 22
It was great working with James and Laura, they walked us throughout the whole process. James was able to give us a competitive rate and helped with getting us our first home. Thank you!
Patricia Woodson
Patricia Woodson
16:52 13 Jun 22
Awesome company to work with Liberty Capital Bryce Kuhl was so Awesome to work with he was the best if you are looking for a Home Mortgage Company I highly recommend the team at Liberty Capital!!!!!
Suzanna Lynch
Suzanna Lynch
21:54 09 May 22
Ken and James and their staff provide personalized service to my clients and go above and beyond what the typical bank offers to find the best possible loan for each of their customers. Rates and fees are very competitive and shared immediately with customers at the beginning of the process. I highly recommend Liberty Capital to anyone who needs financing for a home purchase.
Thanh Nguyen
Thanh Nguyen
12:25 08 Apr 22
I would like to thank you James McBain as my loan officer and Laura Mathews as my loan professor. They’re very professional. Highly recommended
Michael Spero
Michael Spero
00:40 07 Apr 22
James suggested a great realtor who was able to work with our VA home loan and get us into our first house with a great rate. His team was always available and responsive with answering all of our questions. Would definitely recommend! Thanks James!
Danny Sheftman
Danny Sheftman
02:13 09 Feb 22
The team at Liberty Capital worked me a loan at a great rate, and with very favorable closing costs. They made sure we close on time and were on top of all issues. I highly recommend working with James McBain and his team.
LeAnne Mertens
LeAnne Mertens
22:20 01 Nov 21
James McBain and his team at Liberty were a great joy to work with. They made the loan process of buying a home seemless. I have bought several homes and done several refinances with James and his team and have always had a good result. They are an integral part of my real estate investing team and I am happy to recommend them for any mortgage or refinances you would need.
E W
E W
19:14 19 Oct 21
James is very knowledgeable and stays on his A game. The Liberty team answered all my questions and concerns promptly. Everything went as planned and on schedule. I appreciate all their help and support in this life changing event. I absolutely love my new home!!! Thank you James!!!
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Apply Now for an FHA Mortgage in Ohio

If you want affordable interest rates, a down payment as low as 3.5%, and flexible qualification criteria for your mortgage in Ohio, California or Florida, please call us today at (614) 505-0620. We look forward to discussing your needs at your Ohio FHA home loan consultation.

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