finding your way home

Home Purchase Financing


Schmidt Mortgage Company provides home purchase financing assistance to home buyers throughout the State of Ohio. We offer a wide variety of residential mortgage products including conventional loans, government backed FHA mortgages, VA loans, and USDA Rural Housing loans, and jumbo mortgages for higher loan amounts. We also offer 203K loans for borrowers looking to finance the cost of eligible repairs and renovations into their mortgages. Whether you are a first time home buyer or a seasoned real estate investor, let our team of mortgage professionals help you find the right mortgage program for your next purchase.

Ways to Get Started

  • Search our branches page to find a location in your area or call (800) 686-3600 and we’ll route your call accordingly.
  • Just looking for a quick rate quote? Complete the form on this page and one of our mortgage professionals will contact you with program and pricing information.

More on Our Home Loans

What Types of Properties Do We Finance?

  • We finance most types of 1-4 unit residential properties. Certain restrictions may apply.
  • We have programs for primary residences, second homes, and investment properties.

Explore Some of Our Most Popular Programs

  • Conventional Fixed Rate Home Loans – We offer fixed rate home loans amortized over 30, 20, 15, and 10 year periods. These may be great options for consumers who want the security of knowing that their monthly principal and interest payments will remain consistent.
  • FHA Loans – Very popular option for consumers who do not want to put down the 5-20% required through most conventional channels. With FHA loans, borrowers may be able to put down as little as 3.5% and credit and underwriting criteria may be less stringent compared to other financing solutions.
  • USDA Rural Housing Loans –  Zero money down financing option available for qualifying middle and lower income borrowers seeking to purchase a primary residence in eligible areas of Ohio.
  • VA Loans – Available to eligible US military veterans, active duty personnel, and surviving spouses. Require no down payment, has no monthly PMI (private mortgage insurance), and less strict credit requirements than conventional outlets.
  • Jumbo Mortgages –  Available for borrowers with loan amounts exceeding their areas’ conforming loan limits. We offer both fixed rate and adjustable rate jumbo mortgages.
  • Programs for First Time Home Buyers – At Schmidt Mortgage Company, we work with first time buyers throughout the State of Ohio. We can help you weigh the pros and cons of the various low and zero down products available in the marketplace so you can make an educated decision on what program best suites your needs.

Why Choose Schmidt Mortgage Company as Your Lender ?

  • Experience: Since the 1940s Schmidt Mortgage Company has been helping Ohioans achieve their goals of homeownership.
  • Programs: We offer a wide variety of  residential home financing options to meet the needs of almost every home buyer or homeowner.
  • Service: Our mortgage professionals are some of the best trained and most knowledgeable in the industry. We set up loans for success from application and have an open line of communication through closing.

Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
Branch Information

Join the Team

At Schmidt Mortgage we're always looking for talented mortgage professionals to join our growing team. We're an Equal Opportunity Employer offering a highly competitive compensation and benefits package. Contact us for more information.