Ohio Home Mortgage Expert

Helping you and your family achieve the dream of homeownership.

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Valerie Stefancin

Valerie Stefancin

Mortgage Loan Officer

(216) 570-5343
NMLS #214033

Which Home Loan is Right for You?

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.

Conventional Home Loans Ohio

Typically a fixed rate home loan that allows the borrower to eliminate mortgage insurance once they hold >20% equity in their property.

  • Lower Rates
  • Flexible Terms
  • Fixed or Adjustable
Conventional Loans

FHA Home Loans Ohio

This home loan program allows down payments as low as 3.5% of the purchase price, although you are required to pay mortgage insurance.

  • Lower Credit Requirements
  • Smaller Down Payment
  • Competitive Rates
FHA Loans

VA Home Loans Ohio

Reserved for those who serve our country. VA home loans offer 100% financing, low interest rates & don't require mortgage insurance.

  • 0% Down Payment
  • No Mortage Insurance
  • No Prepayment Penalties
VA Loans

Calculate Your Mortgage

$

5%

1%

5%

0%

$
$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Monthly PMI $0

*Hypothetical monthly mortgage payments reflect hypothetical Principal, Interest, Taxes, Insurance, and Home Owners Association dues amounts. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. **This does not constitute tax advice.
$

5%

1%

5%

$
$

$1421

Monthly FHA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Up-Front MIP (1.75%)$0

Monthly Mortgage Insurance $0

*Hypothetical monthly mortgage payments reflect hypothetical Principal, Interest, Taxes, Insurance, and Home Owners Association dues amounts. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. **This does not constitute tax advice.
$

0%

5%

1%

$
$

$1421

Monthly VA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Purchase Price $1421

VA Funding Fee $1421

Amount Financed $1421

*Hypothetical monthly mortgage payments reflect hypothetical Principal, Interest, Taxes, Insurance, and Home Owners Association dues amounts. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer. **This does not constitute tax advice.

What's Your Home Worth?

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Tackling Weeds Naturally and Chemically

As a homeowner, maintaining a lush and vibrant lawn is often a top priority. However, the persistent presence of weeds can be a relentless obstacle to achieving that goal. Weeds not only detract from the aesthetic appeal of your yard but also compete with your plants for essential nutrients, sunlight, and water. Fortunately, there are […]

How Home Fragrances Can Make or Break a Sale February 23, 2024

How Home Fragrances Can Make or Break a Sale

When it comes to selling your home, staging is key. From decluttering to enhancing curb appeal, every detail matters in making a lasting impression on potential buyers. Among the many factors that contribute to a buyer’s experience, one often overlooked element is the scent of the home. Yet, the power of smell can significantly impact […]

Navigating the Dos and Don’ts of Owning a Vacation Rental February 16, 2024

Navigating the Dos and Don’ts of Owning a Vacation Rental

Owning a vacation rental property can be a lucrative venture, offering the potential for passive income and the opportunity to share your slice of paradise with travelers from around the world. However, success in this endeavor requires more than just listing your property on a rental platform and waiting for bookings to roll in. To […]

DIY Home Improvements: Knowing When to Call in the Pros February 9, 2024

DIY Home Improvements: Knowing When to Call in the Pros

As a homeowner with a penchant for rolling up your sleeves and tackling DIY projects around the house, there’s a certain satisfaction that comes with fixing things and enhancing your living space with your own hands. DIY home improvements not only save money but also empower you to customize your home to suit your tastes […]

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Contact Valerie Stefancin

Valerie Stefancin - Mortgage Loan Officer

NMLS# 214033

(216) 570-5343

20545 Center Ridge Road #250 Rocky River, OH 44116

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