Attractive 30 Year Fixed Mortgage Rates in Ohio (December 2011)

If you happen to live in Ohio or even the greater Midwest, you have plenty of banks and credit unions ready and willing to provide you with some respectable mortgage rates. During this week’s survey of local banking institutions’ 30 year fixed rate mortgages in Ohio we found a few APR’s sitting below the 4.0% mark.

The lowest rate goes to Fifth Third Bank who’s featuring a 30 year fixed rate mortgage (from their Wilmington, Ohio branch) of just 3.87% assuming a down payment of 20%. If you’re thinking of refinancing your Ohio home, you can also lock in this low rate with Fifth Third Bank with zero origination fees and no points. You can read a review of Fifth Third Bank’s Mortgage services to get consumer feedback on their product(s).

Below are additional 30 year fixed rate mortgages in Ohio with sub 4.0% rates:

(Rates accurate as of December 2011. Visit our mortgage rate center for updated rates and loan specials in Ohio.)

1) State Bank and Trust Company (West Unity, OH) has a 30 year fixed rate mortgage comes with an interest rate of 3.875% assuming 20% down.

2) PNC Bank (Zanesville, OH) has a 30 year fixed rate mortgage comes with an interest rate of 3.875% assuming 20% down.

3) Fearon Financial “Smarter Mortgages” provides an APR of 3.991% on their 30 year fixed rate mortgages.

4) StoneGate Mortgage provides an APR of 3.957% on their 30 year fixed rate mortgages.

Today’s Mortgage Rate Averages

To put the offers above in perspective, average 30 year fixed rate mortgages sit at roughly 4.0% APR this week – down roughly 0.05% from last week.

The average 15 year fixed rate mortgage sits at roughly 3.35% APR this week – down 0.02-0.04% from last week.

US Bank Home Loans, Mortgage, Refinance Rates and Review(s)

US Bank has an extensive collection of mortgage products available to consumers throughout most of the country. Whether you’re looking for a new home loan or looking to refinance an existing home loan, US Bank will be able to tailor a mortgage package to fit your needs. They offer fixed rate mortgages, adjustable rate mortgages, FHA loans, VA loans, jumbo mortgages, reverse mortgages, and interest only mortgages. Their loan specialists may also be able to accommodate customized loan packages for certain customers as well.

US Bank, based out of Ohio, is one of the largest banks in the country with over 2,900 offices and $150 million (plus) in deposits. They are a publicly traded bank on the New York Stock Exchange (NYSE) under the symbol USB. They have a current market cap of almost $40 billion and were able to maintain a somewhat stable share value (relatively speaking) during the industry collapse of 2008. Their stock price currently trades in the low $20′s per share and dipped only briefly to below $10 in the Fall of 2008.

Home Loan, Refinance and Mortgage Rates offered through US Bank:

(Rates accurate as of 9/1/2010. Visit our mortgage center for updated rates and info.)

- Conforming Fixed 30 Year Mortgage going for 4.564% APR.

- Conforming Fixed 20 Year Mortgage going for 4.463% APR.

- Conforming Fixed 15 Year Mortgage going for 3.985% APR.

- Conforming Fixed 10 Year Mortgage going for 3.908% APR.

- FHA Fixed 30 Year Mortgage going for 4.879% APR.

- FHA Fixed 15 Year Mortgage going for 4.565% APR.

- VA Fixed 30 Year Mortgage going for 4.846% APR.

- VA Fixed 15 Year Mortgage going for 4.594% APR.

- 5 year ARM going for 3.544% APR.

- 3 year ARM going for 3.628% APR.

- Jumbo 30 year fixed rate mortgage going for 4.903% APR.

- Jumbo 15 year fixed rate mortgage going for 4.385% APR.

If you have experience in the home loan process with US Bank please share by leaving a comment!

Recent Mortgage Reviews:

Total Mortgage Services Review: Featuring APR’s below the national average (as of 8/2010).

E-Trade Mortgage Rates and Review: Featuring APR’s below 5% as of (8/2010).

Mortgage Rates and Review: Sun Federal Credit Union

Sun Federal Credit Union based out of Maumee, Ohio is a full service mortgage lender with a staff offering expertise in every area of mortgage lending – from home purchase to mortgage refinancing to new construction lending. They claim to have access to a full range of mortgage sources and all of their lending specialists are dedicated to finding the right loan-with the best rates, terms and costs-to meet your unique needs. Throughout the lending process, they also provide regular loan updates and progress reports so you know the current status of your loan.

Current Mortgage Rates offered through Sun Federal Credit Union of Ohio:

(These rates are accurate as of July 23, 2010. The 15, 20 and 30 year fixed rate quotes below are based on a purchase transaction with a loan amount of $150,000, a 700 credit score and a loan-to-value of 80%).

- 12 year fixed rate mortgage (0 points) offered at an APR of 4.070%.

- 15 year fixed rate mortgage (0 points) offered at an APR of 4.120%.

- 20 year fixed rate mortgage (0 points) offered at an APR of 4.120%.

- 30 year fixed rate mortgage (0 points) offered at an APR of 4.620%.

- 12/25 year fixed rate mortgage (0 points) offered at an APR of 4.745%.

- 15/30 year fixed rate mortgage (0 points) offered at an APR of 4.745%.

- 10/20/30 ARM mortgage (0 points) offered at an APR of 4.495%.