I love helping people realize their dream of homeownership. That’s why I’ve been doing it for over 30 years. I understand how to successfully navigate the mortgage loan process to make it as smooth and stress free as possible. I can help you understand your mortgage options so you can choose the right loan for you. I will explain the process so you know what to expect and how to avoid complications. I recognize each client as an individual with unique needs. I invite you to use my knowledge and experience to assist you with your home financing needs. I am here for you. Let my experience work for you.
I grew up in Euclid, Ohio and have lived in Lake County since I married my high school sweetheart and we purchased the home his grandparents had built. We’ve raised our son here and this is our home. I love Northeast Ohio and all that it has to offer from riding our motorcycle on the rural roads to enjoying plays at Play House Square.
As a Branch Manager with Ruoff Home Mortgage I can assist you with all of your home mortgage needs. I have over 30 years experience in the mortgage industry, including sixteen years as a mortgage underwriter and sixteen years as a mortgage branch manager. Whether you are considering Conventional, FHA, FHA 203K, VA, USDA, USDA First Time Homebuyer or Reverse Mortgages, I have the knowledge and experience to assist you.
I can help you understand your mortgage options so you can choose the right loan for you. I will explain the process to you so you know what to expect and how to avoid complications. I am a firm believer in open communication and being easily assessable to all parties involved in a transaction.
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.
The HomeReady Mortgage backed by Fannie Mae is built to help our low to moderate income borrowers reach the dream of homeownership.
Home Ready by Fannie Mae
Today’s homebuyers have diverse needs when it comes to lending options. And now with Fannie Mae’s HomeReady(TM) program, creditworthy, low- to moderate-income borrowers have more flexibility with financing and eligibility guidelines.
With low down payments, allowable gift funds and no minimum contribution required from the borrower, the HomeReady program helps buyers purchase affordable homes and realize the dream of home ownership.
Find out if you qualify.
As little as 3% down payment
Gift funds allowed for down payment, no minimum contribution from the borrower
Reduced mortgage insurance
Aggressive rates for a wide range of credit scores
Non-occupying co-borrowers (co-signers) allowed
One borrower must take homebuyer education
Income limits enforced. All borrowers on the loan must have a combined income of less than 100% of the area median income. Based on property location.
Ohio Housing Finance Agency (OHFA) Programs
Whether you’re a first-time homebuyer or a seasoned veteran of the housing market, OHFA has a mortgage product to meet your needs.
Your dream home is waiting!
Ruoff Home Mortgage works with the Ohio Housing Finance Agency (OHFA) to provide you with a variety of homebuyer incentives.
Whether you’re a first-time homebuyer or a seasoned veteran of the housing market, OHFA has a mortgage product to meet your needs.
Next Home program provides 30-year, fixed rate mortgages to those who are not first-time homebuyers, but lack the down payment funds to purchase a new home.
Grants for Grads program rewards Ohio residents, who have earned their degree, with a discounted mortgage interest rate.
First-Time Homebuyer programs offer several affordable loan options to help homebuyers (that have not owned a home in the past three years) achieve their dream of homeownership
Ohio Heroes programs rewards Ohio residents, who serve the public, with a discounted mortgage interest rate.
Mortgage Tax Credit program provides housing assistance by issuing a federal tax credit to first-time homebuyers and other qualifying borrowers.
With over 30 years of experience, Ruoff Home Mortgage makes the process of securing a mortgage simple and straightforward – with no hidden costs and no surprises.
Let me use my experience to help you find the loan program that best meets your needs.
Excellent service char389 from Bedford, OH Peggy provided excellent customer service. She was very prompt, responsive and knowledgeable. I've worked with many lenders in the past and never had such a good experience. She went above and beyond the scope of her job to help. This was an out of state transaction, which can feel stressful, but with Peggy, it was a walk in the park! I highly recommend her.
EXTREMELY GREAT AT HER JOB!!! Peggy was great to work with! We have worked with her on several transactions over the last 11 years and each time she has processed our loans efficiently. Peggy is up-to-date on the current home loan options. If she does not know the answer to something right away, she will work until she does find it. Peggy makes the entire home-buying or refinancing process easy and provides the comfort and peace of mind along the way.
Peggy was always available day or night to answer any of our questions. She worked quick and fast to get our loan processed. She has her clients best interest at hand at all times.
Peggy has been in lending for over 30 years, she was single handedly the one aspect that ensured that I was covered on all ends (purchaser). She went to bat for me when the realtor company did not understand exactly what I said was to take place on the purchasing agreement. Peggy worked tremendous hours and time to ensure everything I wanted came to a reality! When you are looking for someone with professional industry experience, someone who will go to bat for you, and one that will walk you through every detail step by step then Peggy is your gal! #Cheers to the buying process! A+ service and 5 star representation!
I was lucky to have Peggy recommended to me by a co-worker. Peggy is a true professional and very proficient in her field. I was expecting that my transaction could be problematic, but Peggy made the transaction a very smooth one. She is conscientious, diligent, thorough and very responsive. She kept me informed every step of the way. I would highly recommend Peggy to anyone looking for a Lender. I know I will use Peggy again for any transactions in the future.
Answered every question we had and was a pleasure to work with. Even needed to push the loan through at an earlier date, which was accomplished. Very well informed, and always stayed in touch while working together.
Professional and Dedicated Loan Officer! Peggy was wonderful to work with. She made the purchase of our home go extremely smooth. Because of her hard work, we are enjoying our beautiful new home! Being business owners, trying to find a standard home loan through a bank was impossible. Peggy understood us, our business and our home buying needs. We would recommend her to ANYONE!!!!
Working with Peggy was a positive experience. She is a very knowledgeable, friendly, and cooperative person. I would gladly work with her again and would highly recommend her to friends.
I have and will recommend everyone looking to purchase a home to call Peggy Alley . I was treated wonderful, I was kept informed of every step taken and she was always available to answer any and every question I had . If I ever am looking to move or buy another home I will definitely call Peggy!
We met Peggy Alley in June of 2014. She always was very prompt with returning phone calls and answering questions. We enjoyed our experience with her very much and highly recommend her for any services in the future
Working with Peggy Alley during our home buying process was a pleasure. We had been through a bankruptcy and had our house foreclosed on, so we never thought for a minute that we could even dream of owning a home again! Peggy was so knowledgeable, nonjudgmental and very patient with us. She started working with us last year and told us what we needed to do to qualify for a loan. She guided us through the whole process and I am proud to say we moved in to our dream home without any issues or problems. She was always available and no question was too small or not worth her time! I would HIGHLY recommend Peggy Alley for any buyer!
As a first-time homebuyer, I was clueless regarding the whole buying experience. Thanks to Peggy, I never felt intimidated or uneducated about the process. She returned phone calls, answered emails, and responded to inquiries within one day. She is incredibly professional and did everything she could to ensure the entire experience was smooth and flawless. I love my house and have Peggy to thank for it!
We were very fortunate to have Peggy Alley as our mortgage professional. Peggy was both personable and efficient. We were purchasing our new property from out of state, but Peggy made sure that everything went smoothly. Peggy was even kind enough to send us a list of local hotel accommodations so when we came to see the new property, we knew where we could stay. We were very satisfied with Peggy's service and would recommend her to anyone needing to apply for a home mortgage.
Peggy was very proactive in analyzing our financial situation and in finding the best solution to a tricky and complicated situation. She handled several mortgages that were handled professionally and at the best possible interest rates
With multiple close friends and family members also going through the same home purchasing step in life, I was hearing horror stories. I was hearing of lenders not filing papers correctly or timely, causing unnecessary extensions to be required. I truely was dreading the time of closing. I am over joyed to say that I had a posative experience. Dealing with Peggy Alley has made my home purchasing process very cut and dry. I will definitely be contacting her when it comes time for refinancing
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