text: Interest rates are still at an all time low. Now would be a great time. Also, the Federal Home Loan Bank of Cincinnati is offering a grant for first time home buyers. Many bank in Ohio have access to this money. It's called "Welcome Home Grant". There are income limitations, which I think are pretty high. You can qualify for up to $5,000 in grant money to aid with down payment and/or closing costs. This program starts February 1st. You need to have a purchase contract before you can apply for the grant. Check with banks in your area to see is they participate. There are also several types of loans that have 0% down. Ask your friends, family or co-workers for a referral to a good lender.