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.
5%
1%
5%
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%
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%
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.
August 5, 2020Some Americans may be under the impression that high unemployment rates and recession are prompting a gloomy housing picture. They’re wrong. Realtor.com® highlights a few common COVID-19-related myths that may need some debunking. It’s a bad time to sell a home. After all, homeowners may be skittish with unemployment so high and a pandemic raging […]
July 29, 2020You finally have the time to work on home improvement projects, but you don’t want to stretch the budget. The good news is you can make a big difference and enhance your home with these easy DIY projects. Change Out Lighting Replace those dated ceiling lights with modern fixtures. Make sure you choose lighting that […]
July 21, 2020Many associate cleaning with springtime, but summer cleaning tasks are just as important. With warmer temperatures and longer days ahead, there’s no better time to open the windows, throw on a pair of gloves, and get to work. Cleaning your home is important, but don’t forget to take care of heavy-duty home maintenance tasks as […]
July 14, 2020Owning a newly-built home can be a source of immense pride and enjoyment. Having the chance to build a house to your specifications provides a great opportunity to move into a home that you can enjoy for many years. As a potential buyer of a new home in , there are some important things to […]
35104 Euclid Avenue Suite 200 Willoughby, OH 44094