Ohio Home Mortgage Expert

Helping you and your family achieve the dream of homeownership.

Apply Online Questions?
Bill Bayer

Bill Bayer

Loan Officer

(440) 342-3409
NMLS #214028

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

What people are saying about Bill Bayer

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?

Navigating Today’s Mortgage Rates March 15, 2024

Navigating Today’s Mortgage Rates

Understanding the Impact of Labor Market and Other Factors on Homeownership As a homeowner or a prospective one, understanding mortgage rates is crucial. It’s not just about finding the right house; it’s about securing the best financing for your investment. Mortgage rates fluctuate, influenced by various factors, and one of the significant determinants is the […]

Hop Into Easter Fun March 8, 2024

Hop Into Easter Fun

Traditions, Celebrations, and Home Decor Easter, a joyous time of renewal and celebration, is just around the corner! Whether you’re commemorating religious significance or simply reveling in the arrival of spring, there’s no shortage of ways to make this holiday egg-ceptional. From timeless traditions to creative decorations, let’s dive into the colorful world of Easter! […]

Tackling Weeds Naturally and Chemically March 1, 2024

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 […]

X
Contact Bill Bayer

Bill Bayer - Loan Officer

NMLS# 214028

(440) 342-3409

35104 Euclid Avenue Suite 200 Willoughby, OH 44094

Get Directions