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

Solmar Hernandez
Solmar Hernandez
06:16 24 Nov 22
Estamos súper agradecidos con Liberty Capital Service LLC y especialmente con Ken Wichman por haber sido el canal de Bendición para hacer nuestro sueño realidad de obtener nuestro préstamo para la Casa 🏠 gracias eternamente agradecida son los mejores 🤗
Mike Hood
Mike Hood
20:42 21 Nov 22
Moving over 1,500 miles from North Texas back to Central Ohio, it was critical for my Wife and I to find a reliable and trustworthy resource for the financing of our home. James worked tirelessly with us, sometimes late on Saturdays and Sundays to ensure we had a competitive offer and approval letter in place. He also made sure on the back end that we felt comfortable with the rate, the financial institution we jointly chose and how this investment would affect our family in the long run. I would recommend James and his team for all of your mortgage and refinancing needs, he's the best in the industry!
Bianca Ardevela
Bianca Ardevela
21:58 13 Nov 22
I just closed on my property with the help of Jason from Liberty Capital Services. Jason went above and beyond my expectations in assisting us throughout this whole process. He was always so responsive, thorough, and very nice in explaining and answering my plethora of questions. He had a lot of patience when I was going back and forth between another competitor and ultimately he was able to find me a better quote. Jason is an excellent asset to this team and I am very grateful that I got to work with him. We will definitely be doing more work with him in the future. Thank you so much, Jason!! Ken and I greatly appreciate you.
Robert Moore
Robert Moore
14:19 20 Oct 22
Liberty Capital did an outstanding job getting our family second home in the Tampa FL area. The process was fast and easy! I 100% recommend Liberty Capital for all your mortgage loans and refinances needs their team will do an excellent job you will not be disappointed!
neil alvarado
neil alvarado
00:29 18 Oct 22
Ken and his team are absolutely the best, helpful, and go above and beyond to suit or needs.
Thien Bui
Thien Bui
13:04 17 Oct 22
James and Laura were amazing! Smooth process even with us rushing them to close a week earlier than originally planned.
Nicole Klinefelter
Nicole Klinefelter
15:38 16 Sep 22
James and Laura were amazing! They made the home buying process so much easier than others. Also super friendly. Thank you!!!!!
Amrit Gatewood
Amrit Gatewood
18:06 15 Sep 22
Bryce and Laura was awesome to work with! They both communicated every detail and got my Refinance done quickly! I highly recommend them to anyone!
Matthew Miller
Matthew Miller
03:51 09 Sep 22
It was great working with James and Laura! They answered every question and addressed every concern promptly. They were always responsive and got our loan processed quickly. They were pleasant and made me feel as if I was their only customer. I wouldn’t hesitate to use them again! Definitely recommend.
nabyelith el halaby
nabyelith el halaby
13:22 01 Sep 22
Excelente servicio. Muy alegre por su ayuda para la adquisición de la propiedad
kasi weiner
kasi weiner
21:31 26 Aug 22
My fiance and I can not express the gratitude we have for James Mcbain and his team. We closed on our house today and every dead line was met for that to happen in 21 days. We faced a few obstacles on the way and without hesiation the Liberty Capital team flawlessly fixed any and all issues. Highly recommended and without a doubt will refer them to friends and family.
Scorpio Jerome
Scorpio Jerome
22:17 23 Aug 22
Lilly Kuang
Lilly Kuang
00:43 17 Aug 22
Chi Y Nguyen
Chi Y Nguyen
22:12 08 Aug 22
James is very knowledgeable and always available to help. He makes the process as easy as possible for his clients. Thank you James and the team for my smooth closing!
Trent Howard
Trent Howard
14:36 14 Jul 22
I worked with James McBain and Laura Mathews for my second mortgage now and the experience has been seamless. The team made the process very easy on me and I would not hesitate to work with them again in the future.
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 Lentz
Kelly Lentz
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
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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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