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This webpage is for those seeking information about the most common Ohio Mortgage products available here in Ohio.

We'll talk about different options and different Ohio mortgage products for those purchasing or refinancing.

Also, you will have the opportunity to inquire online about any Ohio mortgage product that may fit your needs. Inquiries with us are always NON-INTRUSIVE, in other words, we DO NOT ask for your Social Security Number just to give you information!

Thank you and enjoy,

Sincerely,

Eric Smith                                                           Chuck Yurch

                                
Ohio Mortgage Product Specialist                    Ohio Mortgage Product Marketing

      
   Apply for an Ohio Mortgage Now!   Social Security# Never Required!

                        
                                                                       Social Security# Never Required!

Ohio refinance mortgage products are basically needed for the following reasons:

• Lower the interest rate you currently have:
  Many times, Ohio homeowners have a higher interest rate than the current Ohio market rates.
  Depending on how much you can save a month versus how much the Ohio refinance mortgage cost you, is typically the best way to determine if refinancing for this reason makes sense for you. EVERY situation is different. Most of the time it does make sense to reduce your interest rate; however, there are times when it doesn't make sense at all.
  Any Ohio mortgage lender should be able to show these numbers for your particular situation as well as show other options that may be of interest to you that you might not have thought of.
  Lower your Ohio mortgage interest rate Now...Ohio Refinance Form
  


• Convert from an Adjustable Rate Mortgage (ARM) into a FIXED mortgage:
  Many Ohio homeowners need to refinance because their current mortgage rate has either gone up or is getting ready to go up. The simple solution to this is to refinance into a fixed rate Ohio mortgage.
  Typically when Ohio homeowners are in this situation, it always makes sense to refinance into a fixed rate mortgage.
  Get rid of your Ohio ARM Now...Ohio Refinance Form
  


• Ohio Debt Consolidation Mortgage:
  An Ohio debt consolidation mortgage is often needed when Ohio homeowners need to reduce their overall monthly bills.
  This is actually a very simple process. We get you a brand new mortgage of your choice that pays off other debt you may have, such as credit cars, car loans, and personal loans. Basically any debt you have.
  This can drastically reduce your overall monthly payments.
  Get an Ohio Debt Consolidation Mortgage Now...Ohio Refinance Form
  


• Ohio Cash Out Home Equity:
  Many Ohio homeowners need cold hard cash for many reasons.
  Similar to the Ohio debt consolidation mortgage process, we get you a brand new mortgage of your choice along with a check for you to cash or deposit and spend however you like.
  It's that simple!
  Get an Ohio Cash Out Mortgage Now...Ohio Refinance Form
  


• Remove someone from your current Ohio mortgage:
  There are many times when Ohio homeowners need to get someone off of their current Ohio mortgage without having to sell the home. (Many times this happens during a divorce)
  The only way to remove someone from the responsibility of a mortgage without having to sell the home is to some how pay it off.
  The most common way this happens is a simple Ohio refinance. (Unless you have that "Rich Uncle" to pay it off for you!!!)
  Remove that "special someone" from your Ohio mortgage Now...Ohio Refinance Form

      
   Apply for an Ohio Refinance Mortgage Now!   Social Security# Never Required!

                        
                                                                       Social Security# Never Required!

There are some great Ohio first time homebuyer mortgage programs available across the whole State of Ohio. The main advantages to these Ohio first time homebuyer programs are the zero to little money down needed and the low interest rates that these programs offer.

Another advantage to Ohio first time homebuyer mortgage programs is that perfect credit is not always required. In fact, no credit at all can be accepted in many cases!

The main Ohio first time homebuyer programs are Ohio FHA, Ohio USDA and Ohio VA. Below, you will find more information on each of these programs in more detail.

These programs have helped thousands realize the dream of owning their own home here in Ohio!

      
   Apply for an Ohio Mortgage Now!   Social Security# Never Required!

With its flexibility, Ohio FHA (Federal Housing Administration) is one of the most popular Ohio mortgage programs available. Below, we will give some highlights and facts about the Ohio FHA mortgage program.

• What is Ohio FHA?
  The FHA (Federal Housing Administration) is a Federal Sponsored home buying and refinancing insured mortgage program. FHA does not originate the loans, what they do is insure the lenders and banks that do.
  The insurance they give banks and lenders is default insurance. In other words, if the borrower forecloses on a house that has an Ohio FHA mortgage, FHA will reimburse the bank or lender most of the amount they are owed.
  


• Where do I get an Ohio FHA Mortgage?
  Although Ohio FHA is a federally sponsored mortgage program, you DO NOT get your mortgage from the Federal Government.
  You get an Ohio FHA mortgage from us!
  Very few lenders and banks can offer Ohio FHA mortgages as The FHA approves banks and lenders that have the qualifications and experience to originate these mortgages.
  


• Ohio FHA Eligibility:
  Owner-occupied, 1 to 4 units, residential. Some condos OK if they have been FHA approved, we can find that out for you if you are looking at condos.
  


• Ohio FHA Mortgage Rates:
  One of the main advantages of an Ohio FHA mortgage is that the Ohio FHA mortgage rates are some of the lowest rates out there, even with blemished credit!
  


• Ohio FHA Credit Requirements:
  Ohio FHA has one of the most flexible credit requirements around! In fact, no credit at all can be accepted! Past bankruptcies can be accepted! Past foreclosures can be accepted! No minimum credit score!
  
  Good credit is acceptable too: Just because Ohio FHA helps credit challenged borrowers, Ohio FHA serves good credit as well. In fact, the better your credit, the quicker you can become approved!
  
  No credit: If you have no credit at all, you can be approved with non-traditional credit. Typically, this would be a monthly obligation you have, that is in your name and that can be proved that you pay these obligations on time for at least the past 12 months.
  Some examples would be: Rent, utilities, insurance, and cell phone. Typically, acceptable proof would be cancelled checks, money orders, or statement printouts. IMPORTANT NOTE: If you have a private landlord (non-management company), you need to be paying your rent with checks or money order for acceptable proof of payment. DO NOT pay with cash, as there is no "paper trail" with cash.
  
  Past Bankruptcies / Past Foreclosures: Currently with Ohio FHA, your past bankruptcy needs to be at least 2 years old in order to be considered for an Ohio FHA mortgage, that's 2 years from your discharge date. Also, since your bankruptcy discharge, you will need to have been "credit clean" since then. In other words, no new negative remarks on your credit report.
  Currently with Ohio FHA, any foreclosure you've had in the past needs to be at least 3 years old in order to be considered for an Ohio FHA mortgage.
  Typically, with traditional mortgages, you would have to wait 4-10 years to be considered. You can see the flexibility of Ohio FHA!
  
  Less-than-perfect credit: Although Ohio FHA has no minimum credit score; they do have restrictions to this rule. The basics are: You can only have had one late payment in the past 12 months. No open judgments or collections, however, most medical collections can be overlooked or worked with!
  


• Ohio FHA Loan Limits:
  One thing about Ohio FHA mortgages, they do have limits on the loan amounts.
  Currently, Ohio FHA loan limits range from $200,160 to $256,500 for single family homes, depending on what county the house you are buying is in.
  Note: If you are buying a 2-4 unit property, these limits are higher.
  


• Ohio FHA Purchase Program:
  3% down payment, however, this can easily be gifted by one of our charitable programs or by one of your family members, making this a zero down payment for you! Most who purchase with an Ohio FHA purchase mortgage put very little money out their pockets!
  You DO NOT have to be a first time homebuyer to use FHA. Contact us for full information.
  


• Ohio FHA Refinance Program:
  Ohio FHA can be used for both types of refinances, lower your interest rate and cash out, or both!
  If you are only interested in lowering your interest rate, without taking cash out, you can finance up to 97% of your home's value.
  If you are interested in taking cash out of your home's equity, an Ohio FHA refinance program will allow you to finance up to 95% of your home's value! 95% is probably the highest cash out mortgages out there today. So if you want to tap as much cash as possible, Ohio FHA cash out refinance is the way to go.
  


• Ohio FHA Streamline Refinance Program:
  The Ohio FHA Streamline Refinance Program is for those who currently have an FHA mortgage and would like to refinance into a lower interest rate to lower their monthly payment, without taking any cash out. Basically, if you are in good standings with your current FHA mortgage, the refinance underwriting process is streamlined, making it quicker for you.

      
   Apply for an Ohio FHA Mortgage Now!   Social Security# Never Required!

                        
                                                                       Social Security# Never Required!

An Ohio VA (Veterans Administration) is another Federal Government sponsored home loan program, similar to FHA, specifically for United States Veterans.
Due to the numerous guidelines of an Ohio VA mortgage, below you will find the most common basics of an Ohio VA mortgage that will apply to most.

• What is Ohio VA mortgage?
  The Ohio VA mortgage program is for qualified United States Veterans who wish to buy a home in Ohio.
  An Ohio VA mortgage requires no down payment and no mortgage insurance either!
  


• Where do I get an Ohio VA Mortgage?
  With us! We do Ohio VA mortgages!
  


• Eligibility:
  Owner-occupied, 1-4 unit residential. Some condos OK if they have been Ohio VA approved. We can find that out for you.
  Veterans with proof of their DD214 (if you can't find your DD214, we can help you obtain a new one)
  


• Ohio VA Mortgage Rates:
  Similar to Ohio FHA, Ohio VA mortgage rates are among the lowest around!
  


• Ohio VA Credit Requirements:
  Ohio VA credit requirements are very, very similar to Ohio FHA.
  Please refer to the Ohio FHA Credit Requirements section above.
  


• Ohio VA Loan Limits:
  Ohio VA does have a maximum loan amount of $417,000.
  NOTE: A Veteran may purchase a house above the Ohio VA Loan Limit, however, any amount above this $417,000 limit, will have to come out of the Veterans own money.
  


• Ohio VA Purchase Program:
  Zero down payment!
  You DO NOT have to be a first time homebuyer to use VA. However, you can only have one VA mortgage at a time. In other words, if you're buying another house and your current house has a VA mortgage, you must payoff that VA mortgage before you get another%u2026this is typically done when you sell the house.
  


• Ohio VA Refinance Program:
  An Ohio VA refinance can be used for both types of refinances, lower your interest rate and cash out, or both!
  If you are only interested in lowering your interest rate, without taking cash out, you can finance up to 100% of your home's value.
  If you are interested in taking cash out of your home's equity, an Ohio VA refinance will allow you to finance up to 90% of your home's value.
  


• Ohio VA Streamline Refinance Program:
  This is for those who currently have an Ohio VA mortgage and would like to refinance into a lower interest rate to lower their monthly payment, without taking any cash out. Basically, if you are in good standings with your current Ohio VA mortgage and just looking to lower your payment, an Ohio VA Streamline Refinance is for you.

      
   Apply for an Ohio VA Mortgage Now!   Social Security# Never Required!

                        
                                                                       Social Security# Never Required!

Ohio USDA (United States Department of Agriculture) rural mortgage program is another government sponsored home buying program. Like FHA and VA, USDA DOES NOT originate the mortgage, you get an Ohio USDA mortgage through a lender like us!

Basic highlights of Ohio USDA mortgage program:

Down Payment: None required! Also, no mortgage insurance!
Loan Limits: Based on your household income and the location of the house.
Credit Requirements: Very similar to FHA and VA.
House type: Single family residences only.
Location: For your smaller population towns only, typically no more than 20,000. No major metro areas.
Refinance: Only is you currently have an Ohio USDA mortgage. No cash out programs.
Mortgage rates: Very low%u2026same as FHA!

If you qualify for an Ohio USDA mortgage, many times it can be a more attractive mortgage program than FHA!

      
   Apply for an Ohio USDA Mortgage Now!   Social Security# Never Required!

                        
                                                                       Social Security# Never Required!

So you're looking to buy some Ohio Real Estate? Whether it's a house, condo, raw land, or commercial property, do you know what the first step to buying some Ohio real estate is?

The first step to buying your Ohio real estate is to become pre-approved for the proper and applicable Ohio mortgage program.

Becoming pre-approved for Ohio real estate serves two main purposes:

1. Capability:
   Involved parties, such as your Ohio real estate agent and/or Sellers of the Ohio real estate you may want to put an offer on, want to know that you have the capability to buy. Both Ohio real estate agents and Sellers don't want to waste their time and efforts with unapproved buyers.


2. Purchase Price Limits:
   Becoming pre-approved also gives you, the Ohio real estate Buyer, a limit as to how much of an Ohio mortgage you can potentially qualify for. This keeps you from looking at properties that are out of your price range.

How do I get pre-approved to buy Ohio Real Estate?
Very simple, just fill out our simple Ohio Real Estate Mortgage Inquiry Form here!

      
   Apply for an Ohio Mortgage Now!   Social Security# Never Required!

                        
                                                                       Social Security# Never Required!

So you may be in the market for an Ohio Home Equity Loan? Tapping into your Ohio home equity can come in a few forms and options.
Below, I will list the basics of Ohio Home Equity Loans as well as converting your Ohio Home Equity into cold hard cash!

• Ohio Home Equity Line of Credit:
  This is an Ohio home loan that allows you to use your home equity, as you need it. Similar to a credit card, you will have a predetermined spending limit. Typically, you will receive a card (like a credit card) and/or a checkbook, to spend your Ohio Home Equity Line of Credit whenever you need, just like cash! If you already have a mortgage on your property, this Ohio Home Equity Line of Credit will be a second mortgage.
  Your monthly payment is also similar to a credit card%u2026your balance determines your minimum payment.
  


• Ohio Home Equity Mortgage / Ohio Second Mortgage:
  An Ohio Equity Home Mortgage aka Ohio Second Mortgage is similar to a Home Equity Line of Credit in that you are converting your home's equity into cold hard cash!
  The main differences between this and an Ohio Home Equity Line of Credit are:
  (1) You are receiving your cash all at once. At closing you receive a check that you deposit into your own bank account or you just cash it.
  (2) Since you took all the cash at once, your payment is the same each month until it is paid off. Remember, this is only considered an Ohio Second Mortgage if there is already a First Mortgage on the property.
  


• Ohio Cash Out First Mortgage:
  Of course, another option for tapping into your home's equity is to refinance your current Ohio first mortgage. For example, an Ohio FHA mortgage allows you to borrow up to 95% of your home's value. This would allow for maximum equity leverage and one loan to pay on instead of two.

Either way, any Ohio mortgage lender that you speak to should know your reasons and or goals for tapping into your Ohio Home Equity and from there present to you all of the available options, along with the pros and cons of each one, helping you make an informed decision.

      
   Apply for an Ohio Mortgage Now!   Social Security# Never Required!

                        
                                                                       Social Security# Never Required!

You go online and you see all of these sites with Ohio mortgage rates posted and they look so low and attractive, only to read the fine print and see that for one reason or another, you don't qualify for that particular program.

Sound all too familiar?

Don't get me wrong, we have those rock bottom low rates, we just don't post and flaunt them. We know that every borrower has different needs for different situations. We DO NOT believe in posting misleading information.

What we do is allow you to fill out our simple Ohio mortgage inquiry form, where you tell us what you are looking for and from there we go to work and find you the best Ohio mortgage rates and programs available for your individual needs.

How do we keep our Ohio Mortgage Rates low?
When you fill out our that simple Ohio Mortgage Inquiry form, up to 4 loan officers will work on it to fight for your business. These 4 loan officers know they have competition, however, they DO NOT know who their competition is! This insures that these loan officers will offer you the their lowest rates possible for your Ohio mortgage lending needs!

Keep this in mind, even if only 1 loan officer contacts you instead of 4, that loan officer doesn't  know that! So he or she will still be fighting as if there is competition!

That's how we keep our Ohio mortgage rates low for you!!!

      
   Apply for an Ohio Mortgage Now!   Social Security# Never Required!