Mortgage Broker in Columbus OH | Home Loans | 614-505-0620
Liberty Capital Services is a 5 Star residential mortgage broker in Columbus OH that can help with many types of home loans. Call us today at 614-505-0620.
If you are shopping for a home in Ohio, the amount you need to borrow to finance your purchase will either fall above or below the conforming loan limits set by Fannie Mae and Freddie Mac.
If you are borrowing under the conforming loan limit, you are eligible for a conforming loan, also called a “conventional” loan.
If you are borrowing above the conforming loan limit, you will need an Ohio jumbo loan instead.
The conforming loan limits for Delaware, Fairfield, Franklin and Pickaway Counties are:
As housing in Ohio is quite affordable throughout the state, these same limits apply in other counties.
If you have never applied for a jumbo loan before, you may wonder whether a jumbo loan is more expensive than a conventional loan or harder to qualify for.
Actually, the interest rate you pay on your jumbo loan could be right around the rate you would pay on a conventional loan.
Qualifying for a jumbo loan requires:
A strong credit score and debt-to-income ratio.
Six months to a year of cash reserves.
Two appraisals (not as a rule, but this requirement is common).
A down payment of anywhere from 10% to 30%.
Notice that these requirements and those for conventional financing are not all that different. They are simply a little more rigorous for a jumbo loan.
In fact, depending on your borrower profile, your down payment for a jumbo loan might be no higher than your down payment for a conventional loan.
The most competitive jumbo loans are available to customers with the most competitive risk profiles.
We can offer you guidance for improving your profile in terms of your credit score, DTI, and other financial data. Whatever your financial situation, we will work hard to qualify you for an affordable jumbo loan.
Ready to purchase the home of your dreams in Ohio, Florida or California? Please call us today at (614) 505-0620 to set up your consultation. We can assess your risk profile and help you figure out what you will qualify for. We look forward to connecting you with the most suitable jumbo loan for your needs.
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.
For additional questions you can call us at (614) 505-0620 or you can find us on Yelp and BBB.
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.
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