Start Saving with a Plan

What is the first step in your home-buying journey? Building up your savings. You’ll need funds for things like a down payment, closing costs, and even moving expenses. But don’t worry—saving for a house doesn’t mean sacrificing everything fun in your life. It’s about creating a plan and sticking to it.

A great way to get started is with the Ohio Homebuyer Plus savings account. Consumers National Bank is proud to offer this program in partnership with the Ohio Treasurer’s Office. It’s specifically designed to help future homeowners like you save faster, with:

• Above-market interest rates to grow your savings more quickly.
• Tax benefits that can help make saving a little sweeter.

The best part? It’s simple to get started. If you’re an Ohio resident, at least 18 years old, and planning to buy your primary residence in Ohio, this program could be the perfect fit. Just make sure you review the Ohio Homebuyer Plus participation statement before opening an account.

With your savings growing steadily, you’ll feel more confident tackling other aspects of homebuying.

Your Credit Score: The Key to Great Loan Options

Next, let’s talk about credit scores. If you’re not already keeping an eye on yours, now is the time to start. Your credit score can make or break your ability to get a mortgage, not to mention the interest rate you’ll pay.

Here’s the deal: a score of 620 or higher is usually the sweet spot for better loan terms, but some programs, like FHA loans, may allow for lower scores. If your score needs a little love, don’t stress—there are simple ways to improve it:

• Pay all your bills on time.
• Avoid opening new credit accounts while you’re preparing to buy.
• Keep your credit card balances low.

Think of your credit score as your homebuying foundation. The stronger it is, the easier it’ll be to qualify for the loan you need. Not sure what your current credit score is? Find out now. 

What Kind of Mortgage Is Right for You?

Not all mortgages are created equal, and as a first-time buyer, you’ll want to explore your options. Each loan type comes with its own perks:

• Conventional loans are great if you have a solid credit score and some savings.
• FHA loans work well for buyers with lower credit scores or smaller down payments.
• USDA loans are perfect for rural and suburban buyers, often requiring no down payment.
• VA loans offer excellent terms for veterans and active-duty military members.

At Consumers National Bank, we’re here to help you sort through the options and find the one that fits your situation best. No two buyers are alike, and we believe your mortgage should work for you.

We also offer the following mortgage loans:

• Construction Loans
• Community Difference Mortgage Loans
• Bridge Loans
• Fannie Mae/Freddie Mac Loans

Pre-Approval: Your Ticket to Confident House Hunting

Once your savings and credit are in order, the next step is getting pre-approved for a mortgage. This is like getting a head start in the race to your dream home. Not only does it help you understand how much you can afford, but it also shows sellers that you’re serious.

The pre-approval process is simple when you have the right guidance. You’ll need to gather documents like pay stubs, tax returns, and bank statements, and we’ll handle the rest. With pre-approval in hand, you’ll be ready to confidently make offers and negotiate.

Let’s Talk Teamwork! Take Advantage of Local Resources 

If you’re buying a home in Ohio, you’re in luck. The state offers some incredible programs designed specifically for first-time buyers. These can include down payment assistance, tax credits, and other resources to make homeownership more affordable.

At Consumers National Bank, we’ll help you navigate these opportunities and ensure you’re making the most of what’s available. Buying your first home shouldn’t feel like climbing a mountain—it should feel like taking the first step into your future. You don’t have to figure out the homebuying process alone. Surround yourself with professionals who know the ropes and genuinely want to help.

Start with a trusted real estate agent who understands your market and has experience working with first-time buyers. Then, team up with a local lender, like Consumers National Bank, who can guide you through the mortgage process from start to finish. Having a supportive team makes all the difference.

Ready to Make 2025 Your Year?

Buying your first home is an exciting adventure, and with the right preparation, it can be one of the most rewarding experiences of your life. By starting with savings, keeping your credit score strong, exploring your mortgage options, and tapping into resources like the Ohio Homebuyer Plus savings account, you’ll be well on your way.

Consumers National Bank is here to support you at every step, from opening your savings account to handing you the keys to your new home. Let’s make your homeownership dream a reality—together.

Visit us today to learn more and take the first step!