Ohio First Time Homebuyers

There are many pitfalls you can avoid when you are in the market to buy a new home. In order to help you succeed McLendon Mortgage Company has prepared a few tips and strategies.

Determine your financing needs. Do you have access to a downpayment or are you interested in one of our NO Money Down or Low Downpayment loan programs, such as FHA or the Community Homebuyer program.  These programs have downpayment requirements that range from 0% to 3% and allow for the seller to pay a portion if not all of your closing costs.

Educate Yourself about the Homebuying process. Learn about the importance of credit, the difference between a pre-approval and an actual loan approval, and whether to rent or buy a home