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?

Presidential Elections and Mortgage Rates October 4, 2024

Presidential Elections and Mortgage Rates

How Presidential Elections Impact Mortgage Rates and What Homebuyers Should Do When the presidential election season rolls around, most people are focused on the political platforms, debates, and which candidate might lead the country for the next four years. However, for prospective homebuyers, another crucial consideration emerges: how will the election impact mortgage rates? While […]

The Smartest Home Investment September 27, 2024

The Smartest Home Investment

Boosting Long-Term Value with Energy Efficiency When it comes to adding long-term value to your home, not all investments are created equal. While flashy improvements like updated kitchens or trendy décor might offer short-term gratification, the best investments are those that stand the test of time and continue to enhance your home’s value for years […]

5 Things to Avoid When Selling Your House September 21, 2024

5 Things to Avoid When Selling Your House

Don’t Ruin Your Sale Selling your house is a big step and often a complex process. The goal is to find the right buyer quickly and smoothly, but many factors can derail a sale if not handled properly. Whether you’re a first-time home seller or you’ve sold property before, being aware of potential pitfalls can […]

The Importance of the Pre-Approval September 13, 2024

The Importance of the Pre-Approval

Setting the Stage for Success Buying a home is one of the biggest financial decisions most people make, and it can also be one of the most exciting. Whether you’re a first-time buyer or someone who has purchased property before, the homebuying process can feel overwhelming. One of the smartest moves you can make early […]

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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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