As a representative for Ruoff Home Mortgage, I can assist you with all of of your home mortgage needs. Ruoff Home Mortgage offers a comprehensive selection of loan products to fit your needs. I will help you navigate through the mortgage loan process so that you can easily close on your home loan.
My customer service philosophy is to treat every customer with respect and to make their experience as stress free as possible. I believe that the purchase of a new home is a major decision and should be treated as such. I strive to make this decision as easy as possible for each client by being honest and trustworthy along with communicating frequently all while offering them sound and reliable advice.
I believe that Ruoff is a great choice for all of your lending needs because we are a locally owned company that has everything that you need. We offer a very wide variety of lending programs through FHA, VA, USDA, and conventional lending. We also keep everything in house, once you begin the loan process your file will be processed and underwritten by a Ruoff employee, this saves you from added headaches and stress but most importantly saves you time and money. Call me today if I can help you purchase your dream home or refinance your existing loan to save you money!!
Confirm your home financing options ahead of schedule
What to Expect
Understanding your home finance options puts you in the driver's seat when you are negotiating your home purchase. Getting a no obligation Ruoff Step Ahead pre-approval letter tells all parties involved that you are a qualified borrower. Because your Ruoff Step Ahead pre-approval letter confirms that your documentation has been reviewed by a Ruoff Home Mortgage underwriter, sellers and agents will both know the transaction will close on time! Get in touch with a Ruoff Home Loan Adviser or simply click on the link above and apply online today. It is fast and easy and you will soon know why Ruoff is a great name to know when you need a mortgage.
Loans That End in "A"
Whether you are looking to make your first purchase or refinance, you may be able to enjoy the benefits of a FHA, VA, or USDA loan.
Take Advantage of a Government-Insured Loan That Is Always a Safe Bet in an Ever-Changing World
FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA) insures the loan, so Ruoff Home Mortgage can offer you a better deal. It is because of that insurance that FHA loans can offer attractive interest rates and with less stringent and more flexible qualification requirements. FHA loans may be used to purchase or refinance a new or existing 1-4 unit family home or condominium unit.
Highlights of the FHA Loan
Down payment of just 3.5%. That money can come from a family member, employer or charitable organization as a gift. Other loan programs do not typically allow this. Low credit score requirement and flexible qualifying guidelines. No income limit on borrowers. 15 or 30-year term with competitive rates. Non-occupant co-borrowers can be used to help qualify.
FHA Eligibility Criteria
Must occupy the property as your primary residence. Maximum loan amount limits that vary by region/city. A borrower is limited to one FHA loan at a time. Must meet the minimum credit score requirement. Must have sufficient income to qualify.
The FHA 203(k) Program
Interested in purchasing a foreclosed property, but don't have the extra cash needed for necessary repairs? The FHA 203(k) loan product is the perfect solution. The FHA 203(k) is a special loan product for borrowers who need extra cash to make repairs to their homes. The chief advantage of this type of loan is that the loan amount is not based on the current appraised value of the home, but on the projected value after the repairs are completed. A "streamlined" 203(k) allows you to finance up to $35,000 in nonstructural repairs, such as painting and replacing cabinets or fixtures. The 203(k) loan can be used to repair a home you're planning to purchase or to make upgrades to your current home.
For more information on FHA mortgage insurance and other FHA loan programs:
By Proudly Serving Your Country, You've Earned the Benefit of a VA Loan
VA loans provide fixed, competitive rates with 15 or 30-year terms. Qualification is easier, even if you have had some credit blemishes in your past. Unlike other loans, you can refinance up to 100% of the value of your home or purchase with no down payment, and there's never a monthly insurance (PMI) charge with VA loan.
Are you a veteran, member of the military, or a surviving spouse of a veteran? Do you want fast approval and minimal red tape? Are you Interested in a fixed-rate mortgage? A yes answer to all three of the above questions suggests that a VA Loan might very well be the right loan for you. Contact a Ruoff Home Mortgage advisor today and discuss the advantages of this exclusive loan product.
VA Loan Highlights
Purchase with no money down. Refinance up to 100% of your primary home's value. The Seller can pay 100% of the closing costs on a purchase. VA Streamline Refinance with a reduced funding fee and flexible documentation requirements - available for veterans currently in VA loans. No monthly PMI (Private Mortgage Insurance). VA loans are governed by the U.S. Department of Veterans Affairs.
Eligibility Criteria for VA Loans
Must occupy the property as your primary residence. Must be eligible for a new mortgage with VA. Must meet minimum credit score requirement. Must have sufficient income to qualify.
A Great Way to Buy a Home in a Small Community or Rural Area
Are you ready to own a home but are not sure you will qualify due to lack of a down-payment? Rural Development may be able to help you! USDA Rural Development has partnered with Ruoff Home mortgage to help extend 100% financing opportunities to individuals and families.
Highlights of the USDA Rural Development Authority Loan
No Down payment is required. Flexible credit score and qualifying guidelines. No maximum purchase price limit. Closing costs can come from any source including gifts. Repairs and improvements can be included in the loan. 30-year term with competitive rates. No monthly mortgage insurance - you may qualify for a larger loan.
USDA Eligibility Criteria
Must occupy the property as your primary residence. Do not own another home within 50 miles. Have an adjusted household income that is within Rural Development guidelines based on the number of persons who will occupy the home. Purchase a residential property that is located in a Rural Development eligible area.
The Rural Development guaranteed loan program has assisted thousands of customers just like you. Tell your Ruoff Home Mortgage Advisor you want the USDA Rural Development Guaranteed Housing Loan. Assistance options, such as gift funds, grants, seller concessions are allowed and you do not have to be a first-time homebuyer.
One time Close, New Construction Program
Our One-Time Closing Construction Loan program combines your construction financing and permanent financing.
One-Time Close Construction Loan Program
If you are ready to start building the home of your dreams, Ruoff Home Mortgage has the perfect construction loan program, allowing you to lock your interest rate before you even break ground.
Our One-Time Closing Construction Loan program combines your construction financing and permanent financing, utilizing a one-time approval and closing process prior to the beginning of construction.
To protect you from market shifts during the construction phase, your interest rate is locked at application. However, you will be given the opportunity to review and possibly lower your interest rate if the market has improved by the time your home is complete.
You can also take comfort in knowing that our in-house New Construction Department works closely with area builders and has a simple draw procedure to ensure that your project budget remains on track as your dream home becomes reality. We also offer the flexibility of a six-month or nine-month construction loan term with interest-only payments during the construction period.
Let Ruoff Home Mortgage help construct the perfect financing option for your new home.
Interest rate locked before ground-breaking
Float down interest rate available when house in complete
FInance options on both purchase of the land and new home construction
Down payments as low as 5%
One approval process and one set of closing costs
6- or 9-month loan term (interest-only payments during construction period)
Fixed rate permanent financing terms from 10 to 30 years.
Loan amounts up to $417k.
Conventional to $453,100
Fannie or Freddie? Not all Conventional Mortgage Lenders are the same, and Ruoff offers both!
Ruoff Home Mortgage currently offers FNMA and FHMLC mortgages.(FANNIE and FREDDIE)
There is usually a difference in pricing and underwriting guidelines between the two GSE's.
What makes an loan a "conventional mortgage"?
Fannie Mae and Freddie Mac determine the guidelines for conventional mortgage loans. These lending GSE's establish terms and conditions including:
Credit Score Minimum Requirements
Maximum loan amounts and Loan to values are subject to change.
Is there a maximum loan amount for conventional mortgage loans?
Yes, in almost all states, conventional mortgages have a maximum loan amount of $453,100. In high cost-areas of the nation, such as Alaska and Hawaii, the maximum loan amount is increased to $625,000. If the loan amount is above these maximums, the mortgage is no longer a conventional loan. Loans greater than the conventional loan maximum are commonly referred to as jumbo loans.
How much of a down payment is required?
Currently In Indiana 5%* of the sales price providing the appraised value is equal to or greater than the sales price.
Can any of the down payment be a gift?
Current guidelines in Indiana and most states allow for all of the down payment to be a gift from a family member when buying a one unit, owner occupied, primary residence.
How are Conventional mortgages different from area FHA loans?
PMI versus MIP- there is a difference. Both FHA and Conventional loans have its place. Newly Originated FHA MIP is for the life of the loan. Conventional PMI drops off at a later date. Also, down payment and credit criteria vary between the two programs. FHA allows lower credit criteria- shorter time after to qualify after a Foreclosure or short sale.
Ruoff Home Mortgage uses a rotational appraisal roster where available. AMC's are only used when we have no appraiser to cover an area.
It is possible to have no Monthly PMI for the life of the loan. Pricing vary based on credit scores. We have an Indiana Matrix with multiple PMI companies. We will always educate and research PMI for you. We work hard to provide you with the resources to save you money. Call us for more information at 260-497-0800
Ratios - What are DTI?
DTI is the ratio of total debt divided by Gross income - Example 1200 debt / 3000 Income=40%.
More About Conventional Loans - Conventional Mortgages for All States (including the Fort Wayne Area)
A Conventional mortgage is what the majority of buyers choose for Home Financing. Conventional Mortgages (also called a conforming loan) are limited to a maximum mortgage of $453,100. Conventional Mortgages are a mortgage loan that is in not in excess of Fannie Mae guideline. The current conforming loan limit is $453,100, making an Indiana mortgage with an amount over $453,100 an Indiana jumbo loan.
A Conventional loan is a considered a conforming loan. The majority of mortgage loans by lenders are conforming loans. Jumbo loans are a small percentage of area mortgages that are completed each year. Although most mortgage loans that are done in the USA are conforming, there are high-cost areas that demand jumbo loans such as California, Florida, Hawaii and other high cost states.
So, where is the best place to get an Conventional mortgage? Ruoff Home Mortgage has competitive offerings on conforming loans for all states, including Indiana. Call us today at 260-497-0800 to save money or apply online by clicking the link below.
Dear Zillow Fan ,In a lifetime I have purchased Eleven ( 11) homes over fifty years with interest rates rates ranging from 18 % to 3% . Never , never have I experienced such service as that with Mario Leo Ingraffia. This 100 yr old farm house was going to auction . We had to act fast to secure a purchase contract and then complete the loan processing in 45 days or it goes to auction and we probably lose it . . And, we needed to fold in a $85,000.00 Renovation loan to make the home habitable and ADA compliant . We needed an " Indiana Jones" to navigate the rocks and the shoals of this process . Somehow We survived the real estate agents ; the appraisers; the home inspectors and the Underwriters, all seemed hell bent on wrecking the deal . Mario was guiding us and holding our hands. Only because of him and his team did this purchase make closing . You have made our best and last ( hopefully) home purchase possible
Mario walked us through the procedure of refinance any questions we had he was a phone call away. Very informative with the VA loan process, lined us up with the various inspections needed. We would highly recommend Mario Ingraffia.
Mario has a wealth of knowledge if you are looking into a home mortgage, refinancing, or purchasing a property for investment purposes. He will take the time to explain the various options that would be available to your situation, and responds quickly. The turnaround time on securing a loan through Mario was quick and seamless. Everything is presented up front with no surprises at closing. When it comes time to sign all the final paperwork, they are willing to meet you where it is convenient for their customer. I highly recommend Mario Ingraffia and his time.
I've used Mario for my past two home purchases. Each time he's been so wonderful, I recommend him to my friends every chance I can. Mario is friendly, knowledgeable, attentive, and professional. I trust that he is taking care of me and getting me the best deal possible in a timely manner. And when I have a question about something, Mario is always willing to explain. I will continue to recommend Mario to my friends and surely use him if I decide to purchase again.
Mario recently helped us through our loan process. He got us pre-qualified on a Sunday within an hour and our loan done and closed in less than 30 days. Mario was attentive, professional, friendly, personable, and efficient. He answered every question that we had even if it was at 10pm at night. He took the stress out of a very stressful situation. He explained everything thoroughly, and went through different payment options to find the best option for us. He explained things over and over again without hesitation so that we weren't left with any questions. I highly recommend Mario for anybody looking to get a home loan.
Having been through the mortgage process many times, I wish I had worked with Mario in the past. This last mortgage had a few difficult issue's that needed additional attention but Mario went out of his way on multiple occasions to be sure everything was handled properly and on time, even after normal business hours. Mario even locked me into a lower rate before I was able to make the request. Thanks again.
Extremely knowledgeable and caring. I felt like he was watching over my family as my brother would. Very honest, upfront, and open about both good and bad matters. Mario is an analytical wiz and works very hard to figure out the best answer for his clients. Mario is probably one of the brightest Mortgage Bankers in the United States. When I think of Mario I think smart and integrity!
I'm a 26+ year Member of USAA, so I naturally went with them when it came time for my Mortgage. Long story short, for no reason at all they failed miserably to close after 45 days with no end in sight. With my final contract extension fast approaching my Realtor pretty much pleaded with me to give Mario a try. What a difference he and his team were able to make. They promised me they would give it their best effort, they were in contact with me every day and updated me every step of the way. He was able to make it happen in 14 days, better yet, he saved me THOUSANDS over what it would have cost me to stay with USAA. Most people only take the time to write a review when they've had a bad experience and want to warn others to stay away. There is a reason Mario and his team have so many positive reviews, he can do what he says he can do.
Mario is the man!!!! From beginning to the very end, Mario was on top of every little detail. He always came through with any promises he made and went above and beyond to make sure I was well informed of every step taken. He will draw up a game plan and execute it to make your dream come true and save you time and money in the process. Mario will be the first person I call when it comes time to financing another property, he hit it out of the park for me and I have no doubt he will for you, too!
Our first lender failed to get our loan, Mario came through, not only was he able to keep our original closing date, but he was able to get us much better terms. When it comes to getting the job done, Mario excels far above the other lenders. Thank you so much!!
My wife and I had issues obtaining a home loan. We went through multiple originators, loan officers, and other lenders. We were strung along by two individuals in particular that made promises to us boasting on and on about how great they were but, never knew the business in order to close our loan. This caused us much stress and mental anguish. We had spoken to Mario Ingraffia briefly in the spring and my wife and I felt that Mario had the industry knowledge to bring all of this to closure, so we again reached out to Mario. My wife being a former originator and still knowing the mortgage industry engaged Mario in conversation. He listened and then communicated with us using his knowledge to present us with a program package that resolved all of our issues. To add to this, he was able to complete all of this in less than 30 days. Mario communicated, showed that he cared, was able to think outside the box, and it is so very obvious that he knows the business and we know that not all those that say they know do not, Mario DOES. We could gush on and on about Mario and feel that he must be extremely valued by New Penn Financial and we are certain that New Penn Financial will always hold Mario in as high of a regard as do we. Mario, we are in your debt and we are telling everyone of the professional service and personal service that you provided to us. Thank you ever so much.
Deciding to work with Mario and his team was the best decision! They are so helpful and went above and beyond to help get my loan approved on buying my first home after another bank denied my loan. I will definitely recommend them to everyone I know!
Mario Ingraffia was very helpful he informed me of what information was need and he did his job very well I will recommend him to anyone that is looking to purchase property he's a very knowledgeable and I appreciate all the hard work he has put into helping me. .sincerely Leslie Duncan
I would recommend Mario to anyone interested in a home purchase. He goes to bat for you and just gets it done! Pulls out all the stops to deliver and a great communicator.
Mario is great he was very up front about everything, explained things so we could fully understand what we were signing. He was there when we had questions about things. He made sure that everything was on schedule and kept in contact with us. I have already recommended him to friends and family members. I’m very pleased with him and his company. Keep up the great work!!
I would like to strongly recommend Mario Ingraffia. He bent over backwards to get us approved for purchasing a home. He walked us through the entire process. My family and I are unbelievably happy with our new home! If you want a home mortgage lender who cares and delivers, I strongly recommend contacting Mario. He will take care of you!
It was a great pleasure working with Mario. From the start of the process to the closing, Mario always had his pulse on exactly what was happening with my loan, and was always prompt in returning my calls regarding any questions i had throughout the entire process. Having shopped with other lenders, Mario was by far the most organized, informed and professional. I highly recommend Mario for any individuals looking for a lender who will make the buying process as seamless and efficient as possible.
It has been many years since buying homes in Texas, so my familiarity was not up to date. Mario had all the answers and made the buying process painless and actually enjoyable. I would recommend him hands down!
Mario ROCK!! Other lenders told me that closing in under a month was something they would try to do, but that it was unlikely. Mario not only assured me that it was doable, he delivered with days to spare! From application to ready to close in just over 3 weeks. With a great understanding of investor requirements, the team was able to minimize busy work and extraneous documents to get the loan approved quickly. The handoffs between team members was also smooth. I have already recommended them to others.
Mario was nothing but professional, and extremely reliable. If you need help or have questions, he makes it a point to answer you that same day with helpful guidance and information. I was amazed at how fast and efficient the entire process was and will be using him again!
Mario and his team are simply the best in the business. Mario's knowledge, experience, communication, service, and professionalism are second to none. I cannot say enough good things about Mario and his team.
Mario is a tremendous resource in my network when it comes to various types of real estate funding needs. He is fast and works late enchourging his clients to call him anytime with questions.
Mario was a great mentor when I was looking for a lender for my home financing- I recommend all my friends to him. I look forward to working with Mario in future investment properties.
We haven't done a mortgage since 2002. Things have changed a lot. Maria supported us during the whole process. He was very responsive, and so pleasant to work with. He explained everything and took care of things himself when he could. After reviewing the offer from Mario, our financial advisor - who has other mortgage outlets - told us to just go with Mario. His rates were great as was his service. He said he couldn't improve on what Mario was offering.
My wife and I starting looking for a home in January of this year and we were fortunate enough to be referred to Mario Ingraffia from our realtor. We really lucked out! This gentlemen is so responsive; we always received a return phone call, text or email the very same day, if not within minutes. This level of service is truly unprecedented. He not only answered all of our questions, but he encouraged us to ask more of them. I never once felt like I was a burden to him and if anything, I felt that we were his top priority. The rest of his staff were very impressive as well. We turned in everything once and it was never asked for again. Don't waste your time looking for another mortgage company, this is who you want to be working with in NE Ohio. We are now living happily ever after in Broadview Heights.
Mario was able to get creative and work out our mortgage when another lender couldn't. We now have our forever home and couldn't have done it without Mario.
My wife and I was referred to Mario by our realtor. Best thing ever happened to us. Mario kept us up to date everyday, we never had to chase Mario. He kept us up to date with everything that took place with our paperwork. Mario even called us after we purchased the house just to make sure that everything went smoothly. Mario was truly a blessing to my family.
Mario was great to work with. He made the entire process of obtaining our mortgage quick and easy. Will definitely be recommending to anyone in need of a mortgage!
Mario was super helpful in getting our mortgage set up. He is very responsive and friendly. He was able to get our loan approval and loa. A taken care of in a quick time in comparison to the market!
Mario is very knowledgeable of the emerging markets especially investment property’s. He help me purchase my first personal home and rental property. Thanks Mario
It was a great pleasure working with Mario and his professional team. From the start of the process to the closing, Mario always had his pulse on exactly what was happening with my loan, and was always prompt in returning my calls regarding any questions i had throughout the entire process. Having shopped with other lenders, Mario was by far the most organized, informed and professional. I highly recommend Mario for any individuals looking for a lender who will make the buying process as seamless and efficient as possible.
Mario was an absolute pleasure to work with. He was very good at communicating with us through each step. After working with two bank lenders who quit their companies In the middle of our home buying process I was burnt out and ready to give up. Mario gave me constant reassurance that he would handle everything. I have already referred him to several people.
Mario was great to work with. He is available 24/7 and that is what sets him apart from many. He actually returns phone calls, communicates regularly and explains what is needed to get loan closed and why he needs it. Our purchase actually was able to close early even when it had several obstacles to overcome. The most recent obstacle being that the seller couldn't get her printer to work so she was struggling to print off the seller document that came with the loan package (plus she just broke her leg so mobility was an issue) and Mario printed the doc, drive to her house and got it to her to sign. Mario really went above and beyond. I feel that high levels of customer service is a lost art and Mario brought back the faith that there is still good customer service out there!! I would recommend him to anyone!
Mario was a pleasure to work with and made the home mortgage process painless. My wife and I felt very comfortable working with Mario unlike some lenders we have dealt with in the past. He explained everything thoroughly, discussed all of our options with us and then followed through on the whole process. Mario did not try to influence our decision but gave us all the information that we needed to make the best decision for us and then he made it happen… FAST. Mario made himself available to answer questions or help and was always pleasant about it, even if it encroached on his personal time. If you are looking for someone to help you navigate you way through the home mortgage process we highly recommend that you give Mario a call!
What can I say? Nothing but AWESOME!! Having never met Mario, he was recommended to my wife and I. We live in Florida and we were purchasing a home in Ohio. The stress of buying a home especially out of state was big. The seller of the house wanted a quick close within 30 days and Mario got our loan approved and made sure the closing date was completed and on time as scheduled in 30 days ,actually 29 days one day earlier than expected. Every time I had a question by text, phone call or email, Mario responded quickly and accurately. He did not miss a thing. Quite frankly, I don’t know how he got the loan processed and closed so quickly. Every other bank I checked with told us no way and would not guarantee a home closing in 30 days or less. I already had a pre approval from my previous loan company and was hesitant to use Mario, but his interest rate was less than expected and the service outstanding. You have to use Mario. You will be glad you did. Be glad to have Mario use me as a reference and he has my permission to give out my name and phone number if you want a first hand account of the process. Thanks Mario!!!
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