Heard a lot about predatory home equity lenders? So have we and that is why we strive to provide you with a quality list of Credit Unions,Banks, Mortgage Brokers, or Savings and Loans lenders that may lend Ohio home equity loans. We suggest you read as much as possible about each lender and then make your decision.
Some quick facts on Ohio owner occupied homes with a mortgage1:
The median Ohio home price is $130,537.
71.2% of Ohio home owners have only a single mortgage.
Only 0.9% of home owners in Ohio have both a second mortgage and a home equity loan.
While the median income for all of Ohio is $51,966, the median income for owner occupied Ohio homes with a mortgage is $61,284.
The median monthly Ohio housing cost is $1,090.
Ohio Median Annual real estate taxes are $1,557.
While the national average Expedian Credit score is 678, the average for Ohio is 683.
Non-business bankruptcies in Ohio have gone from 52,713 in 2000 to 88,416 in 2004.
The Division of Financial Institutions of the Ohio Department of Commerce regulates mortgage lenders and mortgage brokers. Approximately 3000 mortgage lenders and mortgage brokers are registered in the State of Ohio. Ohio’s licensee list is available for approximately $30.00 from Betsy Gardner in the Division of Financial Institutions, at (614) 644-9832.
Ohio’s registration statute for mortgage brokers, which includes certain lenders, was originally enacted in 1993. The licensing statute for secondary mortgage lenders was enacted in 19652.
Ohio Counties:
Adams County, Allen County, Ashland County, Ashtabula County, Athens
County, Auglaize County, Belmont County, Brown County, Butler County,
Carroll County, Champaign County, Clark County, Clermont County,
Clinton County, Columbiana County, Coshocton County, Crawford County,
Cuyahoga County, Darke County, Defiance County, Delaware County,
Erie County, Fairfield County, Fayette County, Franklin County,
Fulton County, Gallia County, Geauga County, Greene County, Guernsey
County, Hamilton County, Hancock County, Hardin County, Harrison
County, Henry County, Highland County, Hocking County, Homes County,
Huron County, Jackson County, Jefferson County, Knox County, Lake
County, Lawrence County, Licking County, Logan County, Lorain County,
Lucas County, Madison County, Mahoing County, Marion County, Medina
County, Meigs County, Mercer County, Miami County, Monroe County,
Montgomery County, Morgan County, Morrow County, Muskingum County,
Noble County, Ottawa County, Paulding County, Perry County, Pickaway
County, Pike County, Portage County, Preble County, Putnam County,
Richland County, Ross County, Sandusky County, Scioto County, Seneca
County, Shelby County, Stark County, Summit County, Trumbull County,
Tuscarawas County, Union County, Van Wert County, Vinton County,
Warren County, Washington County, Wayne County, Williams County,
Wood County, Wyandot County
Source: US Census Bureau 2004 American Community Survey
Source: Coalition for Mortgage reform (www.mortgagereform.org)
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.
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