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  1. Today’s mortgage rates in Ohio are 6.622% for a 30-year fixed, 6.204% for a 15-year fixed, and 7.681% for a 5-year adjustable-rate mortgage (ARM). Best Mortgage Lenders Lender

    • OHFA Mortgage Programs
    • OHFA Ohio Heroes Program
    • OHFA Yourchoice! Down Payment Assistance
    • OHFA Grants For Grads
    • Mortgage Tax Credit

    The Ohio Housing Finance Agency (OHFA) works with mortgage lenders to offer a variety of loans for first-time homebuyers. To qualify: 1. Your income and the purchase price of the home must be within OHFA’s income and purchase price limits, which vary based on where you live. In Franklin County, for example, the income limits for conventional loan p...

    Depending on the type of work you do, you might be able to take advantage of OHFA’s Ohio Heroes homebuyer program, which offers a discount on your mortgage rate. This offering applies to repeat homebuyers as well as first-timers, but it’s especially valuable if you’re just starting to earn paychecks from any of the following jobs: 1. Police officer...

    OHFA’s YourChoice! Down Payment Assistance offers 2.5 percent to 5 percent for a down payment, closing costsor other expenses. Borrowers don’t have to repay the funds provided they do not sell or refinance the property for seven years.

    You might be staring down some student loan debt, but OHFA’s Grants for Grads program can make owning a home a more manageable expense. This program is for first-time homebuyers who have completed an associate’s, bachelor’s, master’s, doctorate or other post-graduate degree within the last four years, and offers forgivable down payment assistance w...

    After you buy your first home, OHFA’s Mortgage Tax Credit program can play a role when it’s time to file your taxes. The IRS already allows you to deduct some of your mortgage interestif you itemize, and this program can help you lower your tax bill even more. There are two options: 1. Mortgage Tax Credit Plus – If you obtain a loan through OHFA’s ...

  2. Refinancing options in Ohio. Refinance rates and mortgage purchase rates are often the same, though refinance rates can occasionally be higher. To get the best refinance rate in Ohio, work on improving your credit score. It also pays to carefully compare APRs, which include the interest rate and the associated fees, to ensure the best value.

  3. Compare OH mortgage rates by loan type. The table below is updated daily with Ohio mortgage rates for the most common types of home loans. Compare week-over-week changes to mortgage rates and APRs in Ohio. The APR includes both the interest rate and lender fees for a more realistic value comparison.

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  5. The average Ohio rate for a fixed 30-year mortgage is 6.28% (Zillow, Jan. 2023). Ohio Jumbo Loan Rates. Ohio county conforming loan limits are all $726,200. That means that if you take out a home loan anywhere in the state that is equal to or less than $726,200, you will have what is considered a conforming loan.

  6. Current 30-year-fixed mortgage refinance rates are averaging: 7.76%. The current average rate for a 15-year fixed mortgage refinance is: 6.99%. Current average rates are calculated using all conditional loan offers presented to consumers nationwide by LendingTree’s network partners on the previous day for each combination of loan program ...

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    related to: best mortgage refinance rate ohio
  2. Take advantage of better rates & shorter terms with PenFed Refi. Equal Housing Lender. PenFed's Refinance Options are designed to fit your life. Discover how you can save.

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