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.
September 11, 2026If you glanced at a rate sheet this week and felt your stomach drop, you were not imagining it. Daily mortgage quotes crossed 7% on September 10, according to Mortgage News Daily, touching 7.07%. That is the first time daily averages have cleared that line in about 16 months. Freddie Mac’s weekly survey, published the […]
September 4, 2026Freddie Mac’s Primary Mortgage Market Survey put the average 30-year fixed rate at 6.71% for the week of September 3, 2026. That is up from 6.66% the week before, and it is the highest Freddie Mac has printed since July 2025. The 15-year fixed also moved higher, to 6.04% from 5.98%. A year ago the […]
August 28, 2026Census data shows builders sitting on nearly 10 months of inventory while existing-home supply is still tight. Here is how that split changes shopping, pricing, and concessions.
August 21, 2026If you’ve been watching the housing market this summer with one eye open and the other firmly shut in self-defense, we don’t blame you. August 2026 has brought some interesting developments that are worth understanding—especially if you’re thinking about making a move before the leaves start falling. Let’s break down what’s actually happening out there […]
35104 Euclid Avenue Suite 200 Willoughby, OH 44094
