Ohio Mortgage Rates

September 29, 2016 06:08 AM Eastern

Refinance rates now in COLUMBUS, OH [Change this]

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    Home Price (Purchase)
    When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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    Home Value (Refinance)
    This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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    Down Payment
    The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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    Credit Score
    Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.
  • Refresh Rates

30 Year Fixed

Interest Rate
3.250%
APR
3.342%
Monthly Payment
$871
Sebonic Financial
30 Year Fixed
Interest Rate
3.250%
APR
3.342%
Monthly Payment
$871
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $871
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $871
Lender Fees $2,299
Lender Credit $0
Total Closing Fees* $2,299
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

John Roberts - recommend!

Yes, I recommend this lender

Good job! Patient and helpful.

By: Ben (Seattle, WA)

recommend Sebonic

Yes, I recommend this lender

great rate, low cost, responsive and flexible

By: Ben (Seattle, WA)

Knowledgeable Loan Originator

Yes, I recommend this lender

Yll was very helpful and efficient in locking in a rate for us when shopping for a home. He showed attention to detail and obviously had extensive knowledge in dealing with unusual mortgage situations. We had an unusual buyer credit situation and he seemed very competent in handling it. Ultimately, we opted to select another lender due to the fact that this lender has handled two prior transactions for us, but Yll offered a more competitive rate. I have no doubt that he takes care in walking buyers through the financial and closing process.

By: Dustin (Denver, CO)
See All Reviews

15 Year Fixed

Interest Rate
2.375%
APR
2.621%
Monthly Payment
$1,322
Sebonic Financial
15 Year Fixed
Interest Rate
2.375%
APR
2.621%
Monthly Payment
$1,322
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,322
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,322
Lender Fees $3,441
Lender Credit $0
Total Closing Fees* $3,441
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

John Roberts - recommend!

Yes, I recommend this lender

Good job! Patient and helpful.

By: Ben (Seattle, WA)

recommend Sebonic

Yes, I recommend this lender

great rate, low cost, responsive and flexible

By: Ben (Seattle, WA)

Knowledgeable Loan Originator

Yes, I recommend this lender

Yll was very helpful and efficient in locking in a rate for us when shopping for a home. He showed attention to detail and obviously had extensive knowledge in dealing with unusual mortgage situations. We had an unusual buyer credit situation and he seemed very competent in handling it. Ultimately, we opted to select another lender due to the fact that this lender has handled two prior transactions for us, but Yll offered a more competitive rate. I have no doubt that he takes care in walking buyers through the financial and closing process.

By: Dustin (Denver, CO)
See All Reviews
SmartPath Mortgage
15 Year Fixed
Interest Rate
2.500%
APR
2.790%
Monthly Payment
$1,334
(855) 581-2628 Contact
SmartPath Mortgage
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,334
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,334
Lender Fees $3,136
Lender Credit $0
Total Closing Fees* $3,136
*Other 3rd party fees may apply
SmartPath Mortgage
Email Lender

About the Lender

Smartpath Mortgage is a dba of Atlantic Bay Mortgage Group.  Atlantic Bay is a Ginnie Mae and Fannie Mae/Freddie Mac Direct Seller/Servicer. Atlantic Bay also has FHA Direct Endorsement authority and is a VA lender for residential mortgages. We have every authority that big banks and other lenders have, without the limits they have. In addition, FHA as an automatic insuring authority, meaning that we do not need to go to FHA for approvals, delegate us. To date we have helped over 70,000 borrowers, some more than once. We are also a partner in the community, giving over $2 million to charities and participating in events that promote the passions of our customers, employees, and neighbors.
SmartPath Mortgage
Email Lender Write a Review

Lender Reviews

Never too old to learn!

Yes, I recommend this lender

Daniel Webb was a breath of fresh air compared to other loan officers we had done business with. He was very positive about everything working out and took the time to explain things - keeping us informed through the whole process. Frankly, we learned quite a lot from him which will help us from making certain mistakes and poor choices in the future.

By: JoAnne (Wilmington, NC)

Great Experience!

Yes, I recommend this lender

This was by far the easiest mortgage I have ever done. I've refinanced about 3 times in the last 7 or so years and this was the best experience by far. Easy to deal with and they closed in my home. I would recommend them every time!

By: Michelle (Charleston, SC)

Bought a house

Yes, I recommend this lender

I have been working with Atlantic Bay for a bit now. They had my loan underwriten before I found a house to make sure there wasn't any problems once we found one. Their responsiveness has been wonderful and the rate was one of the lowest I found. I would recommend them to anyone.

By: Kim (Charlotte, NC)
See All Reviews

5/1 ARM

Interest Rate
2.750%
APR
3.475%
Monthly Payment
$964
Sebonic Financial
5/1 ARM (FHA)
Interest Rate
2.750%
APR
3.475%
Monthly Payment
$964
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $203,500
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $831
Estimated Mortgage Insurance Payments $133
Total Monthly Mortgage Payment $964
Lender Fees $5,652
Lender Credit $0
Total Closing Fees* $5,652
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

John Roberts - recommend!

Yes, I recommend this lender

Good job! Patient and helpful.

By: Ben (Seattle, WA)

recommend Sebonic

Yes, I recommend this lender

great rate, low cost, responsive and flexible

By: Ben (Seattle, WA)

Knowledgeable Loan Originator

Yes, I recommend this lender

Yll was very helpful and efficient in locking in a rate for us when shopping for a home. He showed attention to detail and obviously had extensive knowledge in dealing with unusual mortgage situations. We had an unusual buyer credit situation and he seemed very competent in handling it. Ultimately, we opted to select another lender due to the fact that this lender has handled two prior transactions for us, but Yll offered a more competitive rate. I have no doubt that he takes care in walking buyers through the financial and closing process.

By: Dustin (Denver, CO)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

Mortgage Rate Trends

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Securing Low Ohio Mortgage Rates rhe Ohio Home Finance Agency
The Ohio Home Finance Agency is a non-profit organization that helps Ohio residents finance home purchases and secure low OH mortgage interest rates. Programs offered by the Ohio Home Finance Agency include:

• First-Time Homebuyer Program: Through this program, qualifying Ohio first-time homebuyers can secure a 30-year fixed mortgage with competitive interest rates.

• Ohio Heroes Program: Ohio residents in certain professions, such as those working in the armed services, can take advantage of all the benefits of the first-time homebuyer program at discounted interest rates.

• Mortgage Credit Certificate Program: If you're worried about paying your mortgage costs, qualifying OH homebuyers can apply for a Mortgage Credit Certificate. This allows residents to reduce their income tax liability, letting them save more of their hard earned cash for mortgage payments.

Ohio also offers programs for recent college graduates, disabled people and veterans.

Learning about OH Mortgage Rates via Homebuyer Education Programs
If you're a first-time homebuyer, you may be overwhelmed at the prospect of having to research current ohio mortgage rates, calculate a budget, and find a real estate agent on your own. Fortunately, the state of Ohio offers a homebuyer education program that can help first-timers learn more about the home buying process, including the process of researching and securing a low OH mortgage rate.

Using this program, potential homebuyers complete a 25-question online test and a budget form. Applicants then receive a phone consultation with a local housing counselor. The purpose of this call is to help the homebuyer learn more about OH mortgage interest rates, loans, and programs available to help them finance their home. This is an invaluable resource to many first-time homebuyers in the state, and helps them find the best current Ohio mortgage rates.