Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Ohio Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $151,357 $102,500 $127,500 $182,500
Property Values $194,614 $112,500 $162,500 $225,000
Average LTV 82.2%
Percent Refinance 75.6%
Pct of Refis Cashout 10.8%

Ohio Mortgage Rates

Whether you're refinancing a lake view home, or purchasing a cozy starter, you want to obtain the best mortgage available. But finding and comparing Ohio mortgages and refinance mortgages can be challenging, particularly if you aren't fluent in mortgage loan lingo. You may or may not know what the APR is and why it's useful, or when a low payment is or isn't good. Recognizing this, Mortgageloan.com has compiled an extensive set of resources to help. You'll find everything you need to locate, understand, and compare all of your mortgage offers: informative articles, concise definitions, versatile mortgage calculators, mortgage rates, and contact information for Ohio lenders and brokers.

Quicken Loans

3.928%APR

Rates as of: 8/29/2014 30 Yr. Fixed
  • We close our loans FAST - many in 30 days or less!
  • Rates are still historically low! Lock in a low rate and payment today.
  • Why pay more for your home than you have to? Check out rates now.
Show Phone number

Call Now: 800-695-1899

Rate APR Term Point Payment
  • 4.125%
  • 3.750%
  • 4.250%
  • 3.990%
  • 4.375%
  • 4.375%
  • 4.328%
  • 3.928%
  • 4.381%
  • 4.158%
  • 4.457%
  • 4.455%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 1.625%
  • 1.375%
  • 0.750%
  • 0.000%
  • 0.000%
  • 0.000%
  • $994
  • $949
  • $1,008
  • $978
  • $1,024
  • $1,024

The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

Rate Map for Ohio

This Rate Map for the state of Ohio shows the rates that individual borrowers were able to obtain on refinanced and home purchase mortgages. Each balloon represents a single mortgage – click on them to see what kind of rates borrowers are getting in your area.

Use the options in the column at left to sort your choices by location and credit score. Individual balloons also feature information on loan size, loan-to-value ratio, loan type, lender and more.

If you recently obtained or refinanced a mortgage and would like to anonymously share information about the terms you were able to get, just click on “Share Your Rate” above the map. Your fellow borrowers will thank you!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Home Equity Loans

Home equity loans are often used for funding one-time expenses. They are structured with a fixed pay-off schedule, rate, and payment. It's helpful to consider home equity loans in comparison to refinance mortgages, because both can achieve similar objectives. Here's how the two loan types measure up:

  • Home equity loans have lower closing costs but higher rates than refinance mortgages.
  • Home equity loans don't affect the first mortgage; refinances restructure an existing mortgage.

ARMs

Adjustable-rate mortgage (ARMs) in Ohio are the loan of choice for borrowers who want a low payment in the early months of the loan. ARMs offer this low initial payment, but the trade-off is the risk of payment increases later on. You might accept this risk if you know that your income will increase, or that you'll sell the home before the initial rate expires. Most commonly, the initial rates remain in force for one, three, or five years.

Compare Mortgages

Knowing some mortgage loan basics will help you enormously in your search for the best rates and programs. APRs, for example, include the mortgage's closing costs, allowing you to compare one mortgage to another, even if the upfront costs are quite different. Also, a mortgage with a low payment doesn't always save you money. It could actually cost you more if the payment is going towards the interest only and not the debt balance. You might also benefit from knowing that mortgages and refinances with shorter pay-off schedules are usually cheaper than loans with longer pay-off schedules.

Are you ready to crunch the numbers? Use our mortgage calculators to see how the various loan types, amounts, and interest rates match up with your budget and your objectives. Are you planning to buy a car soon? Try out a larger loan amount and see if you can afford to finance the car and the house at the same time. Are you moving in three years? Try out an ARM and see if it saves you money. This experimentation is an invaluable part of the mortgage search process. Your final tasks are to contact lenders, submit loan applications, review your offers, and pick the most affordable option. You'll find a full selection of qualified lenders here in our Ohio broker directory.

Additional Local Rates Pages

See Columbus Mortgage Rates.