The next step is hunting down the best mortgage for that Springfield 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 Springfield lenders that will compete to provide a loan at the lowest rate, matching you with nearly 5 Springfield 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 Springfield mortgage payment was $737 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 Springfield home.

Springfield is a major city in Ohio with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: National City Bank Indiana, American Equity Home Loans llc, Security National Bank, Wesbanco Bank Inc, Cornerstone Bank,

Springfield Mortgage & Real Estate Market

In 2006 Springfield housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Springfield was $69,600. This number is big in comparison to the median home value back in 2000 of $69,600. Springfield has a solid home ownership base with 29,309 houses and apartments and 51% of those are occupied by their owners. Despite the current market, historically Springfield has been a city where people move, buy and stay - with 49% of homeowners currently paying off a mortgage. About 17% of the city's current homeowners are carrying a second mortgage or home equity loan.

Flagship Mortgage
2649 N High St A Columbus, OH	Phone: 614-261-3454 Ask for: Ailabouni Tom
Special Mortgage Programs
Call Tom Ailabouni at 614-261-3454 or Apply On-Line Today!!

Housing	Springfield, OH	United States
Median Home Cost	$162,800	$217,200
Home Appreciation	3.10%	9.80%
Homes Rented	37.80%	21.45%
Homes Owned	51.79%	64.07%

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
Homes With No Mortgage	34%
2nd Mortgage or Home Equity	17%
Second Mortgage Only	10%
First Mortgage Only	49%
Home Equity Loan Only	7%

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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