Ohio Home Mortgage Expert

Helping you and your family achieve the dream of homeownership.

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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
Learn More

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
Learn More

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
Learn More

What people are saying about Bill Bayer

5.00 Rating ∙ 5 Reviews on Zillow

Bill was extremely helpful and knowledgeable.

ljglasgow - 08/29/2017

He was very patient to explain the process to me and made the process as easy as possible. He was quick to respond when I had questions and was available via phone, text and email.

Loan Type Conventional
Loan Purpose Purchase
Loan Program 30 Year Fixed
Mortgage services provided by William Bayer

Very knowledgeable and helpful

zuser20140720180025404 - 02/27/2017

Bill has been great to work with. He is very knowledgeable, responsive and will even schedule calls on evenings and weekends if necessary (which is great for me because it's hard to take many of those calls during normal business hours). I can't recommend him enough!

Loan Type Conventional
Loan Purpose Purchase
Loan Program 30 Year Fixed
Mortgage services provided by William Bayer

He quickly responds to all situations and even contacts you on weekends.

user3505220 - 03/13/2014

Bill is a very helpful and is quick with responding. He helped me understand everything a first time home owner would need to understand. He is a very patient person and he is willing to answer all your questions. I liked how he made me feel comfortable with my choice to go with his company and made me feel less stressed about my choice. He quickly responds to all situations and even contacts you on weekends. He was a pleasure to do business with and I have already recommended him to others.

Loan Purpose Purchase
Mortgage services provided by William Bayer

He was punctual in getting back to me .

ojcaw - 03/11/2014

Bill is very professional and very patient with his clients, as well as, knowledgeable. Great asset to your company! Bill told me exactly what he needed from me in order to close the loan on the house. He was punctual in getting back to me . I would recommend him to my friend's and family.

Loan Purpose Purchase
Mortgage services provided by William Bayer

He went above and beyond to do everything that he could to guide us and help us ...

jodicardina - 03/11/2014

Bill Bayer was very honest and knowledgeable regarding the loan process of purchasing our new home. He went above and beyond to do everything that he could to guide us and help us to provide him with the information that was needed to close the loan. He was always very prompt in returning our calls or emails, and answered any questions that we had, making sure that we fully understood his response. If a time came that we decided to move an needed to purchase a new home, I wouldn't hesitate to contact Bill to complete our loan! He's a great guy who did a great job!!

Loan Purpose Purchase
Mortgage services provided by William Bayer

Calculate Your Mortgage

$

5%

1%

5%

$
$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $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.
$

5%

1%

5%

$
$

$1421

Monthly FHA Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

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%

1%

5%

$
$

$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?

Home Buying In A Competitive Market October 20, 2020

Home Buying In A Competitive Market

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy […]

Is It Time To Refi? October 13, 2020

Is It Time To Refi?

A new study shows that forty-three percent of 30-year mortgage holders are eligible for a refinance that would lower their mortgage rates. That means their credit rating is at least 720, they have at least 20% equity in their homes, and they can reduce their mortgage rate by at least 0.75% through refinancing, according to […]

Existing Home or New Construction? October 6, 2020

Existing Home or New Construction?

Finding the perfect home to purchase is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from […]

Why Getting Pre-Approved Is So Important September 29, 2020

Why Getting Pre-Approved Is So Important

Getting a pre-approval from a mortgage lender in is a great first step in the homebuying process. When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, what you’re comfortable within […]

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Contact Bill Bayer

Bill Bayer - Loan Officer

NMLS# 214028

(440) 342-3409

35104 Euclid Avenue Suite 200 Willoughby, OH 44094

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