Ruoff Home Mortgage is committed to helping you find the right mortgage product for your needs. That’s why we offer a variety of loan products to meet your individual requirements such as conventional 30 year fixed rate mortgages, FHA Loans, USDA 100% loans, VA Loans, New Construction Loans, Home Equity Loans, and Reverse Mortgage Loans. Contact us today to let one our experienced loan originators help you locate the right product for you or to get pre-approved.

With a conventional 30 year fixed-rate mortgage, the borrower will make 360 equal monthly payments. The principle and interest amount of the monthly payment never changes for the entire life of the loan. These loans are financially backed by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Association (Freddie Mac) and sold in the secondary market as mortgage backed securities. Contact us to learn more about conventional 30 year fixed rate mortgages and let one of our friendly, experienced loan originators help you choose the right product to fit your needs.

With a conventional 15 year fixed-rate mortgage, the borrower will make 180 equal monthly payments. The principle and interest amount of the monthly payment never changes for the entire life of the loan. These loans are financially backed by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Association (Freddie Mac) and sold in the secondary market as Mortgage Backed Securities. Contact us to learn more about conventional 15 year fixed rate mortgage and let one of our friendly, experienced loan originators help you choose the right product to fit your needs.

 Adjustable Rate Mortgage

Adjustable rate mortgages are available in a variety of terms. The interest rate is tied to a specific financial index such as the Libor. While the rates are typically somewhat favorable at the time of closing compared to fixed rate mortgages, there are significant risks as the rate can possibly increase over the life of the loan which increases the borrower’s monthly payment. Rates can also decrease depending on market conditions. Contact us to learn more about an Adjustable Rate Mortgage and let one of our friendly, experienced loan originators help you choose the right product to fit your needs.

FHA Home Loans

FHA government loans are insured by the Federal Housing Administration. This product is popular with first time homebuyers and those individuals seeking to purchase a home with little or no upfront investment. Underwriting guidelines tend to be more lenient and the mortgage insurance rates are typically less than that charged on conventional home loans. Contact us to learn more about an FHA Home Loan and let one of our friendly, experienced loan originators help you choose the right product to fit your needs.

VA Home Loans

VA government loans are guaranteed by the Veteran’s Administration. The borrower must have served in a branch of the United States Armed Forces. VA mortgages allows veterans to buy a home with no down payment. Contact us to learn more about conventional 30 year fixed rate mortgages and let one of our friendly, experienced home loan consultant help you choose the right product to fit your needs.

Home Equity Loans

Home equity loans allow the client to borrow against the equity that they currently have in their home while not disturbing their current mortgage on their home. This money is typically used to pay off credit card debt, home improvement projects, education expenses, vacations, etc. Contact us to learn more about an Home Equity Loan and let one of our friendly, experienced home loan consultant help you choose the right product to fit your needs.

New Home Construction Loans

New Home Construction Loans are used to finance the construction of a new home. The loan is typically disbursed with incremental “draws” which helps to minimize interest costs. When the home is completed, the loan is converted to a permanent mortgage loan. This process can sometimes be accomplished with only one closing. Contact us to learn more about new home construction loans and let one of our friendly, experienced home loan consultant help you choose the right product to fit your needs.