One of Ohio’s many draws is that home prices throughout the state are very affordable. Because the average home value is less than the conforming loan limits set by Fannie Mae and Freddie Mac, many homes can be purchased using a conforming loan, also called a “conventional” loan.
These are the conforming loan limits for Delaware, Fairfield, Franklin and Pickaway Counties:
Zillow currently lists the home value index for Columbus at just $156,200. You can see that this is well under the conforming loan limit for a one-unit home.
Because home prices tend to be low across Ohio, these conforming loan limits are applicable throughout the state.
Whether you are shopping for a home in Columbus or elsewhere in Ohio, you will qualify for the most competitive loans if:
Your credit score is high and debt-to-income ratio is low.
You are willing and able to make a higher down payment.
You are steadily employed.
Your financial history is stable.
If you are ready to apply for an affordable and flexible conventional loan in the state of Ohio or in Florida or California, Liberty Capital Services is your mortgage company. Please call us today at (614) 505-0620 to schedule your free consultation. During your appointment, we will discuss your needs and goals to help match you with the most suitable loan.
Liberty Capital Services LLC is located on 438 E Wilson Bridge Rd #106, Columbus. From John Glenn Columbus International Airport (CMH) head south on Stelzer Rd and use the right lane to turn right onto International Gateway. Then keep right to stay on International Gateway and merge onto I-670 E. Next, continue onto US-62 E and use the left 2 lanes to merge onto I-270 N toward Cleveland. After that take exit 27 toward Cleveland Ave and use the right 2 lanes to turn right onto Cleveland Ave. At this point use the left 2 lanes to turn left at the 1st cross street onto Schrock Rd and continue straight to stay on Schrock Rd. Finally, turn right onto Huntley Rd and turn right onto Worthington Galena Rd. Turn left and Liberty Capital Services LLC will be on your right.
We are open Monday - Friday 9am - 6pm.
Liberty Capital Services LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.