Start Your Journey to Homeownership with Confidence and Local Expertise
Buying your first home is an exciting milestone—and one of the biggest financial decisions you’ll ever make. At The Sauk Mortgage Group, your trusted mortgage broker in Columbus, OH, we’re here to make the process smooth, simple, and stress-free. Our team specializes in helping first-time home buyers access popular loan programs and understand every step of the journey.
What is a First-Time Home Buyer Loan?
A first-time home buyer loan refers to loan programs that are specifically designed to help individuals purchase their first home. These programs typically offer:
- Low or no down payment options
- Reduced interest rates
- Flexible credit score requirements
- Assistance with closing costs
We work with multiple mortgage lenders to match you with the program that best fits your financial situation.
Popular Loan Programs for First-Time Home Buyers
FHA Loans
- Backed by the Federal Housing Administration
- Low down payment (as little as 3.5%)
- More flexible credit guidelines
- Great for buyers with limited savings
USDA Loans
- Designed for rural and suburban properties
- No down payment required
- Competitive interest rates
- Income limits apply
VA Loans (For Veterans and Active Duty Only)
- Backed by the Department of Veterans Affairs
- No down payment and no PMI
- Competitive rates and flexible credit requirements
- For eligible service members and their families
Conventional 97 Loan
- Requires just 3% down
- Available to qualified first-time home buyers
- Lower private mortgage insurance (PMI) costs
- Ideal for those with good credit and stable income
Our team will walk you through each option to determine which one best suits your needs.
First-Time Home Buying in Columbus, OH
Columbus, OH is a welcoming community for new homeowners. With great schools, charming neighborhoods, and a strong job market, it’s an ideal location for first-time buyers.
Benefits of Buying Your First Home in Columbus:
- Affordable home prices compared to larger urban markets
- First-time buyer incentives may be available locally
- Active real estate market with diverse home styles
- Strong local economy and job market
As a local mortgage broker in Columbus, we know the market inside and out and can help you find the right property and financing.
Common First-Time Buyer Questions
How much house can I afford?
We’ll help you determine this with a pre-approval and a close look at your income, debts, and savings.
What credit score do I need?
Most programs allow for flexible credit scores, especially FHA and USDA loans. We can even help you improve your credit if needed.
What are closing costs?
Closing costs typically range from 2% to 5% of the purchase price. Some programs and local grants can help cover these expenses.
Should I get pre-approved before house hunting?
Yes! Getting pre-approved gives you a clear price range and strengthens your offer when you’re ready to buy.
Why Work With a Local Mortgage Broker?
As a first-time buyer, working with The Sauk Mortgage Group means you’re getting:
- Personal, one-on-one guidance through the home loan process
- Access to multiple mortgage lenders and loan programs
- Expert insight into the Columbus real estate market
- Faster pre-approvals and responsive service
Check out all our mortgage options here: Home Loans in Columbus
Ready to Become a Homeowner?
Your first home purchase doesn’t have to be overwhelming. We’re here to answer your questions, help you compare loan programs, and get you approved quickly so you can shop with confidence.
Apply for a First-Time Buyer Loan Today
The Sauk Mortgage Group
Your Local Mortgage Broker in Columbus, OH
NMLS: #12007
Helpful Resources
- USDA Loan Overview
- Credit Repair Help
