The next step is hunting down the best mortgage for that Akron home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Akron lenders that will compete to provide a loan at the lowest rate, matching you with nearly 10 Akron mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Akron mortgage payment was $999 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Akron home.

Akron is a major city in Ohio with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Multifamily Mortgage Corp, Rbc Mortgage Company, Aaa Banc Group Inc, Central Pacific Mortgage Co, Banc Ohio Mortgage Corporation, Kay Co Investments Inc.Reserve Mortgage Services Inc.Waterfield Financial Corp.Nvr Mortgage Finance Inc.Third Financial Service Corp.

Akron Mortgage & Real Estate Market

In 2006 Akron housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Akron was $95,100. This number is big in comparison to the median home value back in 2000 of $76,500. Akron has a solid home ownership base with 98,731 houses and apartments and 53% of those are occupied by their owners. Despite the current market, historically Akron has been a city where people move, buy and stay - with 51% of homeowners currently paying off a mortgage. About 17% of the city's current homeowners are carrying a second mortgage or home equity loan.

Gemini Mortgage
6555 Busch Blvd., #250 Columbus, OH	Phone: 614-410-0392 Ask for: Marc Kade
Special Mortgage Programs
Don't know who to trust when it comes to mortgage loans? At Gemini Mortgage we understand this and specialize in educating customers in the mortgage loan process. We want to empower you with the knowledge to make decisions, rather than relying on our opinions. Call us today and see the difference for yourself.

Housing	Akron, OH	United States
Homes Owned	55.30%	64.07%
Median Home Cost	$181,800	$217,200
Homes Rented	37.32%	21.45%
Home Appreciation	0.50%	9.80%

Location	Population	Median Family Income (2005)
Akron	217,074	$31,835
Canton	80,806	$28,730
Cincinnati	331,285	$29,493
Cleveland	478,403	$25,928
Cleveland Heights	49,958	$46,731
Columbus	711,470	$37,897

Category	Value
First Mortgage Only	51%
Home Equity Loan Only	10%
Homes With No Mortgage	31%
2nd Mortgage or Home Equity	17%
Second Mortgage Only	8%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
application away. Simply fill out our short form and get quotes from mortgage lenders near you!

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