What credit score do I need for an Ohio home loan?
It depends on the loan type. FHA loans in Ohio allow credit scores as low as 580 with a 3.5% down payment, or as low as 500 with 10% down. When paired with Ohio down payment assistance, you can get into a home with 0% out of pocket. Conventional loans typically require a 620 minimum. VA loans have no official minimum though most lenders look for 620+. OHFA assistance programs require 640 for conventional and 650 for FHA. We work with borrowers across a wide range of credit profiles — call us and we'll tell you exactly where you stand.
What are current Ohio mortgage rates?
Ohio mortgage rates change daily based on market conditions, your credit score, loan type, down payment, and loan amount. We never publish a rate here because by the time you read it, it may no longer be accurate. The best way to get your real rate is to call us at 800-BONELLI or request a free rate quote — we'll give you an actual number based on your specific situation, usually in the same conversation. No obligation, no pressure.
How much do I need for a down payment on an Ohio home?
It depends on your loan type and whether you qualify for assistance. VA loans require 0% down for eligible veterans. FHA loans paired with Ohio down payment assistance programs can bring your out-of-pocket cost to 0%. Conventional loans can start as low as 3% down. On Ohio's current median home price of $263,500, a 3.5% FHA down payment is approximately $9,222 before assistance is applied.
Can I get an Ohio home loan if I'm self-employed?
Yes. We offer bank statement loan programs designed specifically for self-employed Ohio borrowers. Instead of W-2s or tax returns, you qualify using 12–24 months of personal or business bank statements. This program is popular with contractors, small business owners, and freelancers throughout Columbus, Cleveland, and Cincinnati.
How long does it take to close on a home in Ohio?
Our Ohio borrowers typically close in 14–21 days. The Ohio state average is closer to 47 days. Our streamlined process — combining modern mortgage technology with hands-on loan officer attention — gets you to the closing table significantly faster, which matters in competitive markets like Columbus.
Do you offer VA loans in Ohio?
Yes. We are experienced VA lenders serving Ohio veterans, active-duty service members, and surviving spouses across the state. VA loans offer 0% down, no private mortgage insurance, and consistently competitive rates. We also handle VA IRRRL streamline refinancing for existing VA loan holders who want to lower their current rate with minimal paperwork and no appraisal required in most cases.
What Ohio cities do you serve?
We serve Ohio homebuyers and homeowners statewide, including Columbus, Cleveland, Cincinnati, Toledo, Akron, Dayton, Youngstown, Canton, Mansfield, and all surrounding communities. Our loan officers are licensed across Ohio and can work with you remotely from start to finish or meet in person.
Is now a good time to buy a home in Ohio?
Ohio's 2026 market is offering a rare combination of rising inventory, stable rates, and national recognition as one of the most affordable and active markets in the country. Columbus is a top-10 NAR hot spot. Cleveland's Garfield Heights is a top-10 national market for first-time buyers. Inventory is up nearly 4% year-over-year, giving buyers more breathing room than during the peak frenzy years. Buyers who wait for the perfect rate often face more competition and higher prices when rates eventually drop. The best time to buy is when you're financially ready — and Ohio's current conditions are about as favorable as they've been since 2021.
What Ohio down payment assistance programs are available?
Ohio offers several strong programs through the Ohio Housing Finance Agency. Your Choice! Down Payment Assistance provides 2.5% or 5% of your purchase price toward down payment and closing costs, forgiven after 7 years. Ohio Heroes offers discounted rates and assistance for veterans, teachers, nurses, and first responders. Grants for Grads helps recent college graduates with discounted rates and forgivable assistance. Communities First Ohio provides a true grant of 3%–5% that never has to be repaid. Eligibility depends on your income, county, and loan type — call us at 800-BONELLI and we'll match you with the right program in minutes.
Do I qualify as a first-time homebuyer in Ohio?
You qualify as a first-time homebuyer under Ohio's programs if you have not owned a primary residence in the last 3 years — even if you've owned a home before. Veterans with an honorable discharge and buyers purchasing in certain targeted areas may qualify regardless of prior ownership. This opens up OHFA down payment assistance, discounted mortgage rates, and mortgage tax credits that can save you thousands over the life of your loan.
