Loan ProgramsThe following is a partial list of programs offered by Savage Mortgage Services with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 419-725-7376.
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Conventional
Traditional loan programs that usually require up to 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.
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First Time Homebuyer
First Time Homebuyer programs are still available and they are changing constantly. Mortgage loans through the State of Ohio's OHFA programs are some of the best available. Ask a SMS consultant to see if you qualify.
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Are you a Hero?
Well, the State of Ohio thinks so. If you're a Firefighter, emergency medical tech, paramedic, healthcare worker, police officer, teacher, active military personnel or miltary veteran, you may be eligible for a special mortgage program through the State of Ohio's OHFA program. Call a Savage Mortgage consultant for details.
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VA
Loans insured by the Veterans Administration for our nation's verterans offer some of the best financing options available in the mortgage industry right now. No down payment loans are still available through the VA lending programs.
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PMI, No PMI, or Combo Mortgages?
There are usually three choices that borrowers have when 20% equity is not possible. What's better for your situation? Ask a qualified mortgage consultant.
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Construction Loans
no longer available.
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Investor Loans
Used to finance 1-4 family properties that will be for investment with as little as a 20% down payment. Aggressively priced, these programs usually have no point options.
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