Dayton and Cincinnati Ohio Mortgage Loans
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My name is Carlos Scarpero and I'm your friendly, forward thinking loan officer with Ross Mortgage Corporation.
Through Ross Mortgage Corporation, I am able to offer you several mortgage loan types to suit your home purchase or refinance needs.
What Type Of Mortgage Are You Looking For?
FHA mortgages are great for borrowers who want a low down payment and more lenient credit standards. Our minimum credit score for FHA financing is 580 with 3.5 percent down or 550 with 10 percent down.
USDA mortgages allow borrowers to buy property in the USDA approved lending area (typically in the country) to buy property with zero money down. A minimum score of 640 is needed and income limits apply.
VA mortgages allow Veterans with a 580 credit score or higher to purchase real estate at great rates with no money down.
Conventional mortgages from Fannie Mae and Freddie Mac allow borrowers with a score of 620 or higher and some money in the bank to get great rates and terms.
The 203k program allows borrowers to purchase or refinance a home and roll the rehab costs into the mortgage. We offer both the limited program and full 203k program. This can also be combined with the HUD $100 down program for foreclosed homes. We also offer the Fannie Mae version of this program called Fannie Mae Homestyle. Fannie Mae's program is a lot better for borrowers who are renting out the home or have student loan debt.
Jumbo mortgages are for borrowers who need to borrow over the Conventional lending limit (currently $453,100 in Ohio). We can do jumbos with as little as 5% down instead of 15-20% that our competitors want.
Reverse Mortgages, also known as Home Equity Conversion Mortgages (HECM) allow seniors 62 and older to purchase or refinance their home and cash out equity with no monthly payments. The borrower retains title to the property.
Non QM (Subprime) Mortgages
Non QM mortgages are the new term for what previously were called Subprime or Nonconforming or Portfolio mortgage products. These are mortgage products that fit outside of the guidelines listed above. Typically the down payment and rate is higher, so these types of mortgages should be your last resort if nothing else works.
We have very few overlays on our mortgage programs. This means we are able to approve more people than our competitors can!
I hold Ohio and Kentucky Mortgage Loan Officer licenses. My NMLS # is 1674385.
The vast majority of my clients are in the Dayton and Cincinnati, Ohio metro areas.
Some of the places I've closed loans in include...Centerville, Kettering, Miamisburg, Vandalia, Troy, Englewood, Fairfield, West Chester, Middletown, Springfield, Huber Heights and many more!
It's my job to guide you through the mortgage process and make sure everything runs smoothly.
Your home is the most important purchase you will ever make. I hope that you will decide to trust me to guide you through the process.
If you are ready to get started, I'm here to help! I can be reached by phone or text at 937-572-3713 or click here to send me a message.
Ross Mortgage Corporation is an Equal Housing Lender, NMLS id 107716