Mortgage rates in Ohio
30-yr fixed 7.18% · Freddie Mac PMMS, week of Nov 5, 2026 · APR benchmark 7.19% (APOR for locks from Nov 9, 2026) · Last reviewed Oct 18, 2026 by the Editorial Team
Ohio combines low prices with above-average property taxes.
Mortgage rates today by loan type
These are national averages. Lenders in Ohio price off the same national market, so treat them as a benchmark: your quote depends on your credit, down payment, loan size and points. The APR benchmark folds in typical points and fees, so it shows what a prime borrower's APR looks like this week.
| Loan type | Avg rate | APR benchmarkAPOR | Source · as of | What it measures |
|---|---|---|---|---|
| 30-year fixed | 7.18% | 7.19% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 20-year fixed | 6.66% | 6.93% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 15-year fixed | 6.57% | 6.67% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 10-year fixed | 6.31% | 6.82% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 5-year ARM | 6.73% | 6.67% | Zillow (via NerdWallet)Nov 6, 2026 | Fixed for 5 years, then adjusts; APOR = prime ARM benchmark |
| 7-year ARM | — | 6.50% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| 10-year ARM | — | 6.63% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| FHA 30-year | 6.89% | — | Optimal Blue OBMMINov 5, 2026 | Locked FHA loans, all credit profiles; daily |
| VA 30-year | 6.71% | — | Optimal Blue OBMMINov 5, 2026 | Locked VA loans; daily |
| USDA 30-year | 6.86% | — | Optimal Blue OBMMINov 5, 2026 | Locked USDA loans; daily |
| Jumbo 30-year | 7.25% | — | Optimal Blue OBMMINov 5, 2026 | Locked loans above the conforming limit; daily |
APR benchmark = FFIEC/CFPB Average Prime Offer Rate for rate locks in the week starting Nov 9, 2026 (published in advance): a prime borrower's APR including typical points and fees. It is not a quote; your APR depends on credit, down payment and the points you pay. APOR is not published for FHA, VA, USDA or jumbo loans.
Ohio mortgage calculator
The calculator starts from Ohio's median list price, 20% down, the state's 1.22% effective property tax, its median insurance premium and its average closing costs. Switch to FHA or VA, change the down payment, or pick your county to set its conforming limit. For the month-by-month split of principal and interest, open the full payoff schedule. To see how Ohio's property tax and insurance compare with every other state, try the full PITI calculator.
Ohio vs. the U.S.
Ohio's median list price is 32% below the U.S. median, so at the same 7.18% rate the principal and interest on a 20%-down loan runs $718 a month less. Five-year price growth here was the 12th-fastest of 51 jurisdictions.
| Measure | Ohio | U.S. |
|---|---|---|
| Median list priceRealtor.com, Oct 2026 | $282,500 | $415,000 |
| Principal + interest, 20% down30-yr avg 7.18% | $1,531 | $2,249 |
| Average home-purchase loanHMDA 2025 | $281,720 | $404,828 |
| Average closing costsincl. transfer taxes | $3,394 | $4,661 |
| Median conventional rate paid2025 purchase loans | 6.63% | 6.50% |
| Mortgage approval rateHMDA 2025 | 77.2% | 76.6% |
| Home values, 1 yearFHFA index, Q2 2026 | +4.3% | +3.0% |
| Home values, 5 yearsFHFA index, Q2 2026 | +48.1% | +41.3% |
What Ohio borrowers actually paid in 2025
This is the state-specific part. Federal HMDA records show the rate and costs on every Ohio home-purchase loan closed in 2025. We compare like with like: 30-year fixed, first-lien, one-unit primary homes. On conventional loans, Ohio borrowers paid 0.06 percentage points above the market benchmark at lock, the 11th-highest of all 50 states and the District of Columbia.
| 2025 purchase loans | Median rateOH · U.S. | Over benchmarkOH · U.S. | Closing costsOH · U.S. | Paid pointsshare of loans | Median downequity on refis · OH |
|---|---|---|---|---|---|
| Conventional 30-yr fixed (conforming, 20%+ down)25,339 loans | 6.63%6.50% | +0.06+0.02 | $4,475$5,476 | 53.4%53.2% | 21.3% |
| Jumbo 30-yr fixed (20%+ down)168 loans | 6.50%6.63% | −0.07+0.00 | $7,095$10,251 | 39.3%38.4% | 20% |
| FHA 30-yr fixed17,472 loans | 6.50%6.25% | +0.72+0.42 | $9,190$11,291 | 60.5%59.3% | 3.5% |
| VA 30-yr fixed8,266 loans | 6.25%6.13% | −0.21−0.36 | $5,608$6,554 | 58.8%59.3% | 0% |
| Conventional rate-and-term refinance4,905 loans | 6.38%6.38% | −0.02−0.06 | $3,587$4,390 | 45.9%45.4% | 30.5% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), medians. "Over benchmark" = rate spread, the APR minus APOR on the lock date, which removes the effect of when each loan locked. Closing costs = total loan costs on the Closing Disclosure. HMDA has no credit scores, so these are what borrowers paid, not what you will be offered. See the lenders active in Ohio and what their borrowers paid.
Ohio's biggest conventional lenders: what their borrowers paid
The 8 largest conventional lenders in Ohio by 2025 purchase loans, out of 825 that made one. Each row is the median for that lender's comparable loans here: 30-year fixed, conforming, 20% or more down. A lower figure over the benchmark means cheaper pricing for the same week.
| Lender | 2025 loansshare in OH | Median rate | Over benchmark | Originationmedian | Paid pointsshare · median | Median down |
|---|---|---|---|---|---|---|
| CrossCountry Mortgage | 5,6785.9% | 6.88% | +0.36 | $3,096 | 71%$2,220 | 21.7% |
| Huntington Bank | 5,2505.4% | 6.63% | +0.03 | $1,429 | 50%$620 | 21.5% |
| United Wholesale Mortgage | 4,0244.2% | 6.60% | +0.06 | $3,207 | 47%$1,468 | 20.2% |
| Rocket Mortgage | 3,6733.8% | 6.50% | +0.07 | $2,801 | 72%$2,601 | 21% |
| Union Home Mortgage | 2,6152.7% | 6.88% | +0.31 | $2,790 | 72%$1,432 | 20% |
| Union Savings Bank | 2,4162.5% | 6.63% | +0.01 | $500 | 11%$1,378 | 22.6% |
| Fifth Third Bank | 2,2592.3% | 6.50% | −0.08 | $1,295 | 38%$590 | 21.4% |
| Chase | 2,2542.3% | 6.50% | −0.06 | $1,512 | 64%$1,340 | 20% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), lenders with at least 30 comparable loans in Ohio. Minimum credit scores are not shown here: conventional loans usually start at 620 (a lender floor; Fannie Mae's automated underwriting sets none), FHA 580 (500 with 10% down), VA none set by VA (lenders often 620). HMDA has no credit scores, so a lender's medians reflect its own mix of borrowers. FHA and VA lenders: Ohio lender rankings.
How rates have moved
Weekly national averages over the past 30 days to 5 years. The 30- and 15-year lines are Freddie Mac average rates; the ARM lines are the APOR APR benchmark, because no free weekly ARM rate series exists.
- Now
- 7.18%
- Nov 5, 2026
- 1 week ago
- 7.24%
- −0.06 pts
- 1 month ago
- 7.40%
- −0.22 pts
- 1 year ago
- 6.22%
- +0.96 pts
30-year fixed: Freddie Mac PMMS (rate), weekly. National series.
What a mortgage costs in Ohio
On a home at Ohio's median list price of $282,500 with 20% down, the mortgage totals $226,000, or about $1,531 a month in principal and interest at the 7.18% 30-year average.
What makes Ohio different is the cost around the loan. Its 1.22% effective property-tax rate adds roughly $287 a month, and homeowners insurance — at the state's median 0.48% of home value — about $113 more, bringing the all-in estimate to $1,931. That figure is principal and interest at the 30-year average, property tax and insurance; at 20% down a conventional loan has no PMI, and HOA dues or local special assessments are not included. Your own price and down payment will move the number — work backward from your income with the home-price affordability tool.
Payment at the $282,500 median list price by down payment and loan type
| Loan | Rate | Monthlyall-in | Mortgage ins. | Cash to close | Income needed28% rule · yearly |
|---|---|---|---|---|---|
| Conventional, 20% downNo PMI | 7.18%Freddie Mac 30-yr avg | $1,931P&I $1,531 | — | $59,894 | $83,000 |
| Conventional, 10% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $2,271P&I $1,722 | $148 | $31,644 | $97,000 |
| Conventional, 5% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $2,375P&I $1,818 | $157 | $17,519 | $102,000 |
| Conventional, 3% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $2,416P&I $1,856 | $160 | $11,869 | $104,000 |
| FHA, 3.5% down1.75% upfront MIP financed + annual MIP | 6.89%OBMMI FHA avg | $2,350P&I $1,825 | $125 | $13,282 | $101,000 |
| VA, 0% down2.15% funding fee financed; no monthly MI | 6.71%OBMMI VA avg | $2,264P&I $1,864 | — | $3,394 | $97,000 |
Monthly = principal and interest + property tax (1.22% effective) + homeowners insurance (about $113/mo — Ohio's median premium, 0.48% of home value) + mortgage insurance. HOA dues and local special assessments are not included. Cash to close = down payment + Ohio's average closing costs ($3,394). PMI is an illustrative 0.7% a year; FHA and VA figures use HUD's MIP schedule and VA's first-use funding fee. Income needed = the gross yearly income at which the monthly figure is 28% of pay, the classic housing-cost guideline. Lenders also limit your total monthly debts as a share of income, so car, student-loan and card payments raise the income you need.
Prices, loan limits and payments in Ohio's biggest counties
Home prices, and so the loan you need, vary more inside Ohio than rates do. The table covers the largest county markets. Pick a row to load it into the calculator above.
| County | Median list priceSep 2026 · yr/yr | Avg purchase loanHMDA 2025 | Conforming limitmax price at 20% down | At 20% down | Est. paymentP&I + tax + ins. | Calculator |
|---|---|---|---|---|---|---|
| Franklin County2,812 homes for sale · Sep 2026 | $314,950-5.4% | $382,74714,290 loans | $832,750$1,040,937 | Conforming$251,960 loan | $2,153at 7.18% | |
| Cuyahoga County2,763 homes for sale · Sep 2026 | $222,450-1.1% | $253,75513,280 loans | $832,750$1,040,937 | Conforming$177,960 loan | $1,521at 7.18% | |
| Hamilton County1,684 homes for sale · Sep 2026 | $299,000-4.3% | $339,6219,385 loans | $832,750$1,040,937 | Conforming$239,200 loan | $2,044at 7.18% | |
| Montgomery County1,394 homes for sale · Sep 2026 | $209,900-7.2% | $258,4086,720 loans | $832,750$1,040,937 | Conforming$167,920 loan | $1,435at 7.18% | |
| Summit County1,036 homes for sale · Sep 2026 | $211,450-4.2% | $231,1856,482 loans | $832,750$1,040,937 | Conforming$169,160 loan | $1,446at 7.18% | |
| Lucas County966 homes for sale · Sep 2026 | $183,750-6.8% | $217,2424,473 loans | $832,750$1,040,937 | Conforming$147,000 loan | $1,256at 7.18% | |
| Warren County672 homes for sale · Sep 2026 | $461,975-1.7% | $418,8003,482 loans | $832,750$1,040,937 | Conforming$369,580 loan | $3,158at 7.18% | |
| Stark County669 homes for sale · Sep 2026 | $257,225+2.9% | $229,3564,242 loans | $832,750$1,040,937 | Conforming$205,780 loan | $1,758at 7.18% | |
| Butler County652 homes for sale · Sep 2026 | $349,900+2.1% | $298,9584,510 loans | $832,750$1,040,937 | Conforming$279,920 loan | $2,392at 7.18% | |
| Mahoning County613 homes for sale · Sep 2026 | $218,500+4.7% | $192,9712,430 loans | $832,750$1,040,937 | Conforming$174,800 loan | $1,494at 7.18% | |
| Lorain County581 homes for sale · Sep 2026 | $295,750-0.6% | $270,9124,190 loans | $832,750$1,040,937 | Conforming$236,600 loan | $2,022at 7.18% | |
| Delaware County562 homes for sale · Sep 2026 | $588,175+6.5% | $477,5993,490 loans | $832,750$1,040,937 | Conforming$470,540 loan | $4,021at 7.18% |
Sources: Realtor.com county research data (median listing price, Sep 2026); FHFA 2026 one-unit conforming limits; 2025 HMDA home-purchase originations (average loan, all loan types). Payments use the 30-year average (7.18%, or the jumbo average 7.25% above the limit), Ohio's 1.22% effective property tax and its median insurance premium (0.48% of value), both from Census ACS 2024 data; county tax rates differ. Max price at 20% down = the county limit ÷ 0.8, the highest price at which a 20%-down loan stays conforming. Homes for sale = active Realtor.com listings in the month, excluding pending sales.
What's different about buying a home in Ohio
Rates are national, but the rules around the loan are not. These Ohio specifics can change your payment, your closing or your protections as a borrower.
Buyers must claim Ohio's 2.5% owner-occupancy reduction
Ohio reduces taxes from "qualifying" levies by 2.5% on a home its owner lives in, once the owner's application is approved. The application is built into the county's transfer paperwork, and levies approved after September 2013 generally don't qualify, so the dollar savings vary by tax bill.
Source: codes.ohio.govOhio tax values move on a six-year cycle
Ohio's tax commissioner orders every county's real property reappraised once in each six-year period, with a value update in the third year after. An auditor generally isn't required to change a home's value in other years, so a purchase price typically affects its tax value at the next reappraisal or update, not at closing.
Source: codes.ohio.govOhio foreclosure redemption ends when the court confirms
Ohio mortgage foreclosures end in a court-ordered sale, and the owner can redeem the property only until the court confirms that sale. Redeeming means depositing the full judgment plus costs and interest with the clerk, so there is generally no redemption period after confirmation.
Source: codes.ohio.govOhio still recognizes a spouse's dower rights
Ohio still recognizes dower: a spouse who hasn't released it is generally entitled to a life estate in one-third of real property the other spouse owned during the marriage. Ohio's statutory mortgage form includes a spouse's release of dower, so a lender may ask a non-borrowing spouse to sign.
Source: codes.ohio.govChecked against official sources on October 18, 2026. Laws and programs change; confirm details with the agency named or a local real estate attorney.
How Ohio buyers finance their homes
Ohio's loan mix tracks the country's closely: 80.8% conventional, 12.4% FHA and 6.2% VA in 2025, against 78.0%, 13.2% and 8.2% nationally. Its FHA share ranks 26th-lowest among the states.
| Loan type | Share in OH | U.S. share | Approval in OH | Avg loan in OH |
|---|---|---|---|---|
| Conventional | 80.8% | 78.0% | 77.0% | $223,036 |
| FHA | 12.4% | 13.2% | 76.3% | $235,980 |
| VA | 6.2% | 8.2% | 81.6% | $300,928 |
| USDA | 0.5% | 0.6% | 89.1% | $180,076 |
The average Ohio home loan in 2025 was $229,279 — 35% below the U.S. average of $352,861, the 4th-smallest of 51 jurisdictions. Home purchases accounted for 61.4% of those loans (U.S. 64.2%); cash-out refinances for 18.3% (U.S. 17.1%).
Source: 2025 HMDA originations, FFIEC/CFPB. Approval = originated ÷ (originated + denied).
Ohio loan limits for 2026
All 88 of Ohio's counties use the 2026 baseline conforming limit of $832,750 for a one-unit home. Any loan above that is a jumbo loan here, which usually means a larger down payment and cash reserves. See the full national grid in our full FHFA limit schedule.
County limits: FHFA 2026 conforming loan limit list (one-unit properties; two- to four-unit limits are higher).
Cash you'll need to close in Ohio
Average closing costs in Ohio are about $3,394 including transfer taxes (No. 31 of 51, highest first). On a home at the median list price of $282,500:
| 20% down | 3% down | |
|---|---|---|
| Down payment | $56,500 | $8,475 |
| Average closing costs | $3,394 | $3,394 |
| Cash to close (estimate) | $59,894 | $11,869 |
Prepaid taxes and insurance are extra. Closing-cost averages by state (source: Bankrate).
Transfer taxes and recording rules in Ohio
Ohio's real property conveyance fee is a mandatory 1 mill ($1 per $1,000) plus an optional county fee of up to 3 mills — at most 0.4% of the price — paid by the seller to the county auditor; nearly every county levies some of the optional fee. Source: codes.ohio.gov
Getting approved in Ohio
Federal HMDA lending records show Ohio lenders originated 277,933 home loans in 2025 and denied 82,101 applications — an approval rate near 77.2% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our nationwide approval report, and how Ohio ranks for complaint rankings (11,959 on record).
Shopping for a loan? See the most active mortgage lenders in Ohio, ranked by federal HMDA volume.
Down-payment help in Ohio
You rarely need 20% down. These are the main programs from OHFA, Ohio's housing finance agency; they are offered through participating lenders, usually alongside the agency's own first mortgage.
Your Choice! Down Payment Assistance
OHFA assistance of 3% of the price with a conventional loan or 3.5% with an FHA, VA or USDA loan (for reservations since July 1, 2025), forgiven after seven years; sell sooner and it must be repaid. Credit minimums are 640 (650 for FHA).
Source: ohiohome.orgGrants for Grads
A discounted OHFA mortgage rate plus 3% or 3.5% down-payment assistance for first-time buyers who earned a college degree within 18 months of reserving the loan; the assistance is forgiven over five years if they stay in Ohio.
Source: ohiohome.orgChecked against official sources on October 9, 2026. Assistance amounts, income limits and funding change during the year — confirm current terms with OHFA or a participating lender.
Ohio MCC: 15%–40% of your mortgage interest back as a tax credit
OHFA's Mortgage Tax Credit is 40% of mortgage interest (up to $2,000) with an OHFA loan, or 20% in a target area and 15% elsewhere with another lender's loan. MCC rules and calculator.
Check current terms at OHFA, see how a smaller down payment changes your number with the how-much-down calculator, or compare the full state-by-state directory.
How these numbers are measured
- Freddie Mac PMMS (30- and 15-year): a weekly average of rates offered to borrowers with 20% down and strong credit, published Thursdays; latest week Nov 5, 2026. Points are not reported.
- Optimal Blue OBMMI (FHA, VA, USDA, jumbo): daily averages of rates actually locked, across credit profiles. Points vary by loan.
- APOR (APR benchmark): FFIEC/CFPB's weekly Average Prime Offer Rate, an APR that includes typical points and fees for a prime borrower. Regulators use it to flag higher-priced loans.
- HMDA 2025 (Ohio vs U.S.): rates, costs, points and down payments on loans that actually closed, reported by lenders to federal regulators. Updated once a year.
- Census ACS 2024 (property tax and insurance): what homeowners with a mortgage in Ohio reported paying — the median real-estate tax divided by the median home value, and the median insurance premium as a share of value. Updated once a year.
- Interest rate vs APR: the rate sets your payment; the APR adds points and lender fees spread over the loan. Compare APRs on Loan Estimates for the same day and loan type.
Rates and APOR refresh every week; HMDA, loan limits and closing-cost averages refresh when their publishers release new data. Reviewed by our editorial reviewers. Full sources and formulas: source and method details.
Ohio mortgage FAQ
What is a good mortgage rate in Ohio right now?
A 30-year fixed close to the national average of 7.18% (Freddie Mac, week of Nov 5, 2026) is a fair benchmark for a borrower with strong credit and 20% down. In 2025, Ohio's conventional buyers paid a median 6.63%.
Quotes well above that usually reflect lower credit, a small down payment or lender credits taken in exchange for a higher rate.
Are mortgage rates higher in Ohio than in other states?
Slightly. In 2025 HMDA records, Ohio's median conventional 30-year rate was 6.63%, against 6.50% nationally. Against the benchmark for each loan's lock week, which counts points and fees, Ohio loans priced 0.06 percentage points above it (the 11th-highest of all 50 states and the District of Columbia), against 0.02 above nationally.
Rates are set mainly in one national market, so your credit, down payment and loan size matter more.
What are current jumbo mortgage rates in Ohio?
The national jumbo 30-year average is 7.25% (Optimal Blue). In 2025, Ohio's jumbo buyers paid a median 6.50%. A loan is jumbo above the $832,750 conforming limit, which applies in every Ohio county.
Jumbo lenders typically want 10–20% down, a 700+ credit score and 6–12 months of reserves.
Should I choose a 15-year or 30-year mortgage?
On a $226,000 loan (20% down on Ohio's median list price), a 30-year at 7.18% costs $1,531 a month and a 15-year at 6.57% costs $1,977.
The 15-year saves about $195,227 in interest but needs $446 more a month, so it fits only if that payment is comfortable.
How much does a 1% difference in mortgage rates change my monthly payment?
On a $226,000 loan (20% down on Ohio's median list price), moving from 7.18% to 8.18% raises the principal-and-interest payment from $1,531 to $1,687, or $156 a month.
Over 30 years that is about $56,070 more in interest, which is why comparing several lenders on the same day matters.
Are mortgage rates different for purchase and refinance loans?
Yes, slightly. In 2025, Ohio's conventional rate-and-term refinances closed at a median 6.38% and purchases at 6.63%, partly because refinances bunch up when rates dip. Refinances priced 0.02 percentage points below the market benchmark; cash-out refinances usually cost more. Your own pricing depends on credit, loan-to-value and points.
How much is a mortgage on a $300,000 house in Ohio?
About $2,051 a month with 20% down at 7.18%: $1,626 principal and interest, $305 property tax at Ohio's 1.22% effective rate and $120 homeowners insurance. With 10% down, PMI adds about $158 and the total is near $2,412.
Ohio's property tax runs above the U.S. median (1.22% vs 0.91% of value), and insurance above the U.S. median (0.48% vs 0.40% of value).
How much do you need to make to afford a $300,000 house in Ohio?
About $88,000 a year with 20% down, so the $2,051 monthly payment stays within 28% of gross income — or about $103,000 with 10% down once PMI is added.
Car, student-loan and card payments count too: conventional loans generally cap all monthly debts at 45% of income (50% with an automated approval), FHA at 43% (up to 57% with compensating factors).
What down payment assistance is available in Ohio?
OHFA, the state housing finance agency, runs Your Choice! Down Payment Assistance and Grants for Grads, offered through participating lenders. Help usually comes as a grant or a deferred or forgivable second loan paired with the agency's first mortgage.
Amounts, income limits and funding change during the year, so confirm current terms with OHFA or a participating lender before you apply.
- Freddie Mac — Primary Mortgage Market Survey
- FFIEC / CFPB — Average Prime Offer Rates (APOR)
- FFIEC / CFPB — HMDA data browser (2025 loan-level records)
- Optimal Blue OBMMI via FRED (FHA, VA, USDA, jumbo)
- FHFA — 2026 conforming loan limits by county
- U.S. Census Bureau — 2024 American Community Survey microdata (property tax and homeowners insurance)
- HUD — Handbook 4000.1 (FHA mortgage insurance)
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.