Ruoff Home Mortgage is an Indiana based full-service residential mortgage organization with a distinguished track record. The financial lender was has been offering beneficial solutions to borrowers who are looking to save money on their home loans over time since 1984.
Ruoff mortgage provides its clients with a variety of residential home loans which include; Conventional mortgages, Government-backed mortgages through Fannie Mae, Ginnie Mae, and Freddie Mac, Federal Housing Administration (FHA) loans, Veterans Health Administration (VHA) loans, Jumbo loans and specialty loans for renovation purposes or construction of new homes and apartments.
Ruoff Mortgages serves the community of Indiana, Florida, Michigan, Ohio, and Kentucky. It has more than 55 offices throughout these regions and it offers loan services in most of the US, excluding New York, Hawaii, and Alaska.
A Brief History Of Ruoff Mortgage
Ruoff Mortgage is a brainchild of David Ruoff, and after several years of working with mortgage organizations, Mr. Ruoff decided to embark on a similar initiative using a community-based approach to finance low and middle-income potential homeowners. Three decades later the company serves thousands of clients all over the US. It is still a family-owned organization that is now run by the founder’s grandson, Mark Music, who is the current CEO.
From small beginnings in Fort Wayne, Indiana the company has expanded. Due to its comprehensive management and quality service delivery Ruoff Mortgage has made great strides in the financial lenders’ industry. It was ranked the fastest-growing company in America for the last six years and also honored as the top employer in the mortgage industry in 2018 by National Mortgage Professional Magazine. Ruoff Mortgages continue to satisfy the needs of its customers.
Ruoff Home Loans Types And Rates
With many positive ratings on authority sites like Zillow, Yelp, Facebook, and Google Ruoff Mortgage is a credible organization. They offer a wide variety of loans that many people can qualify for, which makes them an excellent choice especially first home buyers.
They offer competitive rates even if you have a low credit score. Ruoff Mortage’s down payment options are also beneficial to home buyers who have less cash upfront. You can apply for the following loans from Ruoff Mortgage: –
Fixed-rate mortgages are home loans that have a set interest rate at the time of application, which does not change until you complete the loan. Homebuyers who are looking for fixed monthly payments prefer this type of loan because of its stability. Ruoff Mortgage offers fixed-rate home loans for 15, 20, or 30 year-terms.
ARM loans are mortgages that feature interest rates that fluctuate e depending on the conditions of the financial markets and the lender’s standards. The rates might change annually, or after a specific period as per your agreement. ARM loans are unpredictable, but they generally start off with low-interest rates.
FHA- Federal Housing Administration Loans
The Federal Housing Administration loans are customarily the best option for first home buyers. They have a low down payment plan of up to 3.5% of the loan amount. You can qualify for these loans with a credit score as low as 600 on Ruoff Mortgage. To obtain an FHA loan, you have to satisfy various requirements like appraisal and property inspection by the FHA. Nevertheless, FHA loans are budget-friendly.
Jumbo loans are loans that are higher than the stipulated Federal Housing Finance Agency amounts. Ruoff provides Jumbo loans of up to $3 Million, which can either be an ARM loan or fixed-rate loans.
VA- Veterans Affairs Loans
Ruoff Mortgage provides loans that are guaranteed by the Veterans Affairs department to eligible applicants. Their spouses, children, and beneficiaries can also benefit from this loan. Using a valid VA certificate to prove eligibility, you may obtain a loan with no down payments.
US Department Of Agriculture Loans
Ruoff offers loans that are guaranteed by the Department of Agriculture to all eligible applicants. USDA loans can be used for commercial or agricultural purposes. This loan allows homebuyers to borrow up to 102% of their property amount.
Doctors Only Program Loans
This is an exclusive product from Ruoff Mortgage for doctors hoping to buy a home. Doctors can only use this program if they want an adjustable-rate mortgage.
Ruoff Mortgage provides Indiana Housing and Community Development loans as part of a special program to home buyers in Indiana every year. These loans are up to the value of $2000.
How To Apply For A Loan
Ruoff Mortgage has a seamless loan application process. You can access the online application portal on their website, which is fast, convenient, and secure. Once you have submitted your details you will get a free quote. It typically takes up to 15 days to secure a loan, depending on the loan type and amount.
If you want to apply for and follow up on your loan application in person, you can visit any of their offices. Ruoff Mortgage offers a variety of loans that are tailored to the individual. Ruoff Mortgages offers efficient and dependable services that you can count on.
Compare Mortgage Providers
Mortgages are a big deal. It is good practice to compare mortgage providers to ensure that you are selecting a partner that is best suited to your needs. One that is in-line with your values and which you feel comfortable to handle your mortgage.
Here are some other mortgage providers we have covered