3 of the most popular Ohio home loans we provide here at Schmidt Mortgage Ohio are listed below. We've highlighted just a few of the key differentiators between these mortgage types that will help you understand which one may be best suited for your needs. If you'd like to learn more about all the Ohio home mortgage products we offer, please click below.
Typically a fixed rate home loan that allows the borrower to eliminate mortgage insurance once they hold >20% equity in their property.
This home loan program allows down payments as low as 3.5% of the purchase price, although you are required to pay mortgage insurance.
Reserved for those who serve our country. VA home loans offer 100% financing, low interest rates & don't require mortgage insurance.
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April 25, 2025As of April 24, 2025, mortgage rates in the U.S. remain elevated, posing challenges for prospective homebuyers. The average 30-year fixed mortgage rate is approximately 6.81%, while the 15-year fixed rate stands at about 6.10% . Although these rates have decreased from the peaks observed in 2023, they are still significantly higher than the historically […]
20545 Center Ridge Road #250 Rocky River, OH 44116
