Everyone should be aware that finding the right mortgage and rate in Ohio can save thousands of dollars. Mortgage-Info.us was created with that goal in mind. If you are looking for Lenders, Mortgage Rates, or Mortgage Brokers – we’ve got it. When you fill out our mortgage quote form, you’ll get offers from 2-4 different lenders, so they’ll be competing for your loan, saving you money.
Featured Mortgage Lenders in Ohio
Ohio Mortgage Quick Facts
Ohio State Population: 11,353,140*
Median Ohio House Price: $103,700*
Total Ohio Housing Units: 4,875,496*
House Ownership Rate in Ohio: 69.1%*
Types of Mortgages Available in Ohio
- Fixed Rate Mortgage Loan
- Adjustable Rate Mortgage Loan
- Interest Only Mortgage Loan
- LIBOR Mortgage Loan
- Cash Out Mortgage Loan
- Refinance Mortgage Loan
- Second Mortgage Loan
- Home Purchase Mortgage Loan
- Reverse Mortgage Loan
- Home Equity Loans
- HELOC Mortgage Loan
- Special Mortgage Loan
How Your Credit Score Affects Your Mortgage Rate
To begin with, you’ll need to know what your current credit score is. You should compare that against the average Ohio consumer credit score which is 683. And the national average credit score is 677. Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate and then increase it by using an internal formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors, but your credit score is very important.
Ohio Mortgage State Laws:
Ohio practices judicial foreclosures. Foreclosure proceedings begin with a complaint of default. A letter is sent to the debtor’s property, or posted if the person is not found. The mortgagor has twenty-eight days to answer the complaint. If the Ohio Court approves the foreclosure, the sheriff elects three appraisers to determine the value of the property. The Sheriff schedules the auction, and will publish notice of the sales thirty days before the sale date. The opening bid is two thirds of the appraisal value. The property is sold to the highest bidder. The mortgagor may pay the balance due plus court costs before the sale of the property and maintain the property.
White Collar Crime Supervisor
550 Main Street, Room 9000
Cincinnati, OH 45202-8501
Phone: (513) 421-4310
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This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.