Self-Employed loan snapshot for Ohio
| Item | Estimate |
|---|---|
| Minimum down payment | 3%–10% |
| Minimum credit score | 620–660 |
| Typical OH home value | $199,200 |
| 3.5% down on typical home | $6,972 |
| 20% down on typical home | $39,840 |
| Avg. effective property tax | 1.36%/yr (~$226/mo) |
| Income for typical home (31% rule) | $65,000 |
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Which Ohio programs pair with Self-Employed loans?
- Your Choice! Down Payment Assistance: Forgivable assistance worth a percentage of the purchase price.
- Ohio Heroes: A reduced rate for veterans, active military, first responders, teachers and healthcare workers.
Details and current limits: Ohio Housing Finance Agency (OHFA).
What documents do self-employed borrowers need?
- Two years of personal federal tax returns (all schedules).
- Two years of business returns (1120S, 1065 or 1120) if applicable.
- Year-to-date profit and loss statement.
- Business license or CPA letter verifying the business.
- Recent personal and business bank statements.
Full-doc vs bank-statement loans
| Full documentation | Bank-statement (non-QM) | |
|---|---|---|
| Income source | Tax returns | 12–24 months of deposits |
| Down payment | 3%–5%+ | Usually 10%+ |
| Rate | Market | Typically higher |
Self-Employed loans in Ohio cities
ColumbusClevelandCincinnatiToledoAkronDaytonParmaCantonLorainHamiltonYoungstownSpringfieldKetteringElyriaCuyahoga FallsMiddletownNewarkLakewoodDublinEuclidMansfieldMentorBeavercreekStrongsvilleCleveland HeightsFairfieldHuber HeightsDelawareGrove CityReynoldsburgLancasterFindlayWarrenWestervilleHilliardUpper ArlingtonNorth RidgevilleMarionGahannaLimaBrunswickMasonFairbornStowWestlakeMassillonNorth OlmstedNorth RoyaltonAustintownBowling GreenGarfield HeightsShaker HeightsGreenKentWoosterTroyMarysvilleMedinaXeniaAvon LakeAvonPerrysburgBarbertonCentervilleSanduskyZanesvilleRiversideWadsworthSolonWilloughbyPickeringtonMaple HeightsAthensTrotwoodHudsonOxfordChillicotheSouth EuclidAllianceRocky RiverLebanonParma HeightsPiquaSidneyPainesvilleMayfield HeightsForest ParkWhitehallMiamisburgOregonBroadview HeightsSpringboroTwinsburgSylvaniaNorwoodAshlandWhite OakTallmadgeBrook ParkBereaNilesSteubenvillePataskalaAshtabulaPortsmouthTiffinNorth CantonNew PhiladelphiaEastlakeStreetsboroAuroraNorwalkFairview ParkDefianceMount VernonBay VillageFremontMiddleburg HeightsVandaliaMonroeWorthingtonWashington Court HousePowellWillowickCirclevilleBellefontaineSharonvilleLyndhurstBeachwoodBridgetownNew FranklinMaumeeEast ClevelandBrecksvilleWarrensville HeightsUniversity HeightsHarrisonEnglewoodBlue AshBexleyTrentonMariettaLovelandClaytonDoverWest CarrolltonBedfordAmherstGreenvilleFostoriaWickliffeWilmingtonAmeliaConneautMonfort HeightsMacedoniaDentFinneytownSalemFranklinSeven HillsBucyrusNortonMackRavennaForestvilleBrooklynUrbanaCoshoctonCelinaSpringdaleBedford HeightsMontgomeryShilohNorthbrookVan WertRichmond HeightsIrontonHeathNew AlbanyReadingVermilionLondonGalionTipp CityCambridge
Frequently asked questions
Yes. Self-Employed loans are available statewide in Ohio through approved lenders, subject to county loan limits where they apply.
Often yes. Ohio Housing Finance Agency (OHFA) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.
Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Ohio.
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Get My MatchesFigures 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.