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First-time home buyer programs in Macedonia, OH

Quick answer

First-time buyers in Macedonia, OH can use 3%-down conventional loans (up to the $832,750 Summit County conforming limit), 3.5%-down FHA, or VA and USDA where eligible, plus 1 verified city, county or statewide assistance program. On the $294,500 median home, 3% down is about $8,835 and the estimated payment is $2,481/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $108,059; value-to-income ratio 2.73. Macedonia ranks 28 by home value and 156 by population among 186 places in our OH dataset.

What does a first-time buyer loan cost on a typical Macedonia home?

ItemMacedonia
Median home value (Census ACS)$294,500
Ohio median home value$199,200
Down payment (3%)$8,835
Loan amount$285,665
Estimated monthly payment (PITI + MI)$2,481
Income needed (28% / 36%)$107,000 / $83,000
Summit County 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Ohio's 1.36% effective property tax rate (Census ACS), $1,116/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Macedonia?

Macedonia is in Summit County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $541,287.

The Macedonia median home value of $294,500 is 48% above the Ohio median, and within what the county limit supports.

Which down payment assistance programs can Macedonia buyers use?

First-time buyer loans in nearby cities

TwinsburgBedfordSolonHudsonBedford HeightsBrecksville

First-time buyer loan FAQs for Macedonia

On the $294,500 median: 3% conventional ≈ $8,835, 3.5% FHA ≈ $10,308, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Summit County become jumbo loans.

At the $294,500 median value (above the Ohio median of $199,200), the estimated payment of $2,481/month at 7.18% needs about $107,000 a year under the 28% housing guideline, or $83,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.