text: is it best time to buy home in cincinnati, oh (for first time buyer) or should i wait?   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.