Current as low as Mortgage and Home Equity Rates
FreeRateUpdate publishes the as low as mortgage and home equity rates and APRs we can verify from the lenders and brokers in our network. Individual terms vary; the details and assumptions behind each figure are available below.
| Purpose | Product | Term | As low as rate | APR* |
|---|---|---|---|---|
| Purchase | Fixed mortgage | 30 years | 5.875% | 6.047% |
| Purchase | Fixed mortgage | 15 years | 5.125% | 5.411% |
| Refinance | Fixed mortgage | 30 years | 5.874% | 6.012% |
| Refinance | Fixed mortgage | 15 years | 5.125% | 5.424% |
| Refinance | Fixed mortgage | 10 years | 5.125% | 5.321% |
| Cash-out refinance | Fixed mortgage | 30 years | 5.990% | 6.160% |
| Home equity | HELOC | Revolving | 7.000% | 7.000% |
| Home equity | Home equity loan | Fixed term | 7.750% | 8.155% |
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Compare OH Mortgage Refinance Offers
Lower Your Interest Rate in Ohio
If eligible, you can lower your interest rate. This could lead to lower payments and less money paid towards interest.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Why should I lower my rate? |
Save money |
 |
Lower Payments |
Shorten Your Loan Term in Ohio
Shorten your loan term when refinancing from a 30-year term to a 15-year term. You may also lower your rate.
Why should I shorten my term? |
Become mortgage-free quickly |
 |
Pay less interest |
Leverage Your Home's Equity in Ohio
Take cash out of your home to apply to improvements, renovations, or other necessary expenses.
Why should I cash out? |
Renovations |
 |
Pay for other debts or emergencies |
Ohio Mortgage Rates
Ohio doesn't get anywhere near the attention it deserves on a national level. Still, savvy homebuyers across the country are making a point to appreciate all that the Buckeye State has to offer, including everything from world-class healthcare and big-city living to friendly neighbors and sprawling farmland.
Editorial note: Some state-specific details are temporarily unavailable. The current rate table above is unaffected.
Common Ohio Loan Types:
- Ohio conventional mortgages: Conventional mortgages are available through various lenders across the country. They often come with a fixed interest rate based on the loan's length. The most common types of conventional mortgages are 15-year or 30-year fixed-rate products. You can find a lender using our free tool at FreeRateUpdate.com
- Ohio FHA loans: An FHA mortgage is a home loan insured by the Federal Housing Administration. FHA loans help borrowers with lower credit scores and lower cash available for a downpayment. There is however a cost to the FHA insurance in terms of a Mortgage Insurance Payment (MIP).
- Ohio VA loans: VA-backed mortgages are made by private lenders for eligible borrowers who meet VA and lender requirements. Some qualified purchase borrowers may use no down payment, while entitlement, appraisal, occupancy, funding-fee rules and exemptions, and lender requirements still apply.
Program information: FHA (HUD) and VA.gov.
How to Compare Ohio Mortgage Rates
Mortgage pricing available in Ohio varies by loan type, lender, borrower profile, property, points, and market timing. Compare rate, APR, points, fees, eligibility, and lock period using the same loan scenario.
