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

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?

Mortgage Payments Are Getting Relatively Cheaper January 23, 2020

Mortgage Payments Are Getting Relatively Cheaper

The average mortgage payment is about $1,500 per month, according to the U.S. Census Bureau, coming in at about the same amount as the cost of renting (the average cost to rent was $1,476 in October). Mortgage payments have decreased about 3% since mid-2018. They’re expected to get even lower this year, possibly 3.3% to […]

Benefits of Quartz Countertops January 16, 2020

Benefits of Quartz Countertops

For many of us, the kitchen is the hub of activity. It is where meals are made—and sometimes eaten—and functions as a gathering spot for family and friends. So as the epicenter of so much action, your kitchen deserves to be functional and stylish—and that all starts with your countertops. Lately, the countertop surface that’s […]

Questions to Ask Before Buying a Fixer-Upper in Ohio January 9, 2020

Questions to Ask Before Buying a Fixer-Upper in Ohio

The last thing you want to do is purchase a home that ends up costing you more to fix than you calculated for. So before you spend a lot of your time and money on a fixer-upper, you need to know the questions to ask first. Is the Investment Worth It? Deciding on whether to […]

Signs Your Ohio Home May Have Termites January 2, 2020

Signs Your Ohio Home May Have Termites

Although you’ve probably heard of people having rat and roach infestations, people often forget about termites because their effects aren’t as visible. Termites are small insects that eat through and live in wood. If you reside in an area where termites are common, it’s important you know what to look for: The Sounds Despite their […]

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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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