Based on quarterly 98% or better third party customer satisfaction survey data
I've been a mortgage loan officer for more than 14 years and I've seen many changes to the industry regarding federal regulations, interest rate volatility, housing availability and sometimes dramatic public opinion. Through it all I've worked diligently to hone my skills, to stay current on loan program changes and guidelines, and to perfect a service-oriented approach to my business.
Over the years, the one thing that has remained the same is this: when a parent (single or married) is able to provide a home to their children it is ALWAYS a moving and joyous occasion. It is a wonderful time because this is an experience that still means something. Home ownership still means stability, family ties and community roots; it's the beginning of a legacy, and it is the basic foundation of the wealth-building process.
When you choose to work with me, you will experience a concierge level of service that will help you properly plan and strategize a home purchase that is customized to YOUR personal needs. This is vital in order to ensure that you, as a client, experience a smooth process, as well as your chosen service providers involved in the home purchase process.
I'm honored to be a preferred vendor for Beazer Homes and Re/Max Ability Plus.
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, USDA, or IHCDA loan.
FHA Mortgage Insurance
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:
visit the HUD web site: Let FHA Loans Help You or call the HUD Counseling and Referral Line at 1-800-217-6970.
If are looking for answers to specific questions regarding the FHA loan program, we encourage you to visit the FHA Resource Center at:
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.
For answers to more of your questions, please visit the U.S. Department of Veteran Affairs FAQ at:
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.
IHCDA Next Home - Conventional:
3% down payment assistance from the state of Indiana (forgiven after 2 years)
680 minimum credit score
reduced mortgage insurance
primary residence owner-occupied purchase transactions only
Seller can pay up to 3% costs
IHCDA Next Home - FHA:
4% down payment assistance from the state of Indiana (forgiven after 2 years)
660 minimum credit score
primary residence owner-occupied purchase transactions only
Seller can pay up to 6% costs
IHCDA MCC (Mortgage Credit Certificate):Tax credit program provided by the State of Indiana
Available for first-time homebuyers only
Earn up to $2,000 in tax credits each year you reside in the home
Tax credit is based on mortgage size
IHCDA charges .5% of the loan amount, borrower pays upfront
Can be combined with Next Home Program
IHCDA My Home:
3% down payment (can be gifted)
680 minimum credit score
Seller can pay up to 3% costs
Primary residence owner-occupied purchase transactions only
Can be combined with MCC Program
Income Limits for the Above Programs:Income based on all members of the household, not just those on the mortgage.
Family of 1-2 people
Family of 3+ People
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.
Mortgage Credit Certificate (MCC)
The Indiana Housing And Community Development Authority (IHCDA) offers the MCC Program to make homeownership more affordable for first-time home-buyers.
IHCDA Mortgage Credit Certificate
The Indiana Housing and Community Development Authority (IHCDA) offers the MCC program to make homeownership more affordable for first-time home buyers.
The Mortgage Credit Certificate (MCC), also referred to as the Home Ownership Tax Credit, offers qualified home buyers and annual tax credit of up to $2,00 on their federal taxes for the duration of the mortgage. Reducing tax liability adds to your income, meaning more money in your pocket.
The MCC credit is flexible and may be applied to many types of mortgage loans. It can also be packaged with other competitive mortgage products, such as down payment assistance loans.
Let Ruoff Home Mortgage help you secure a mortgage with the IHCDA Mortgage Credit Certificate.
Lowers federal tax income liability for duration of mortgage
Can be applied to many types of loans
Maximum credit per year is $2,000
Income limits vary by county and number of persons in household
Application fee is equal to 1/2 percentage of mortgage loan amount
Melissa was truly fantastic to work with. She always responded promptly and took the time to answer all our questions. I knew I could trust her to have my very best interest in mind.
Melissa was outstanding!! She made the process easier than I ever imagined it would be.
Melissa was quick to recommend the USDA program and fit us into our best options. I appreciated her straightforwardness and ability to explain how the various aspects of the loan work.
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