Ohio Refinance Rates & Programs 2026

Ohio offers affordable housing and low refinancing costs. From Cleveland to Columbus and Cincinnati, here's what you need to know about refinancing in the Buckeye State.

Current Ohio Refinance Rates

| Loan Type | Average Rate | |-----------|--------------| | 30-Year Fixed | 6.22% | | 15-Year Fixed | 5.54% | | FHA 30-Year | 6.17% | | VA 30-Year | 5.50% |

Use our refinance calculator.

Ohio-Specific Programs

Ohio Housing Finance Agency (OHFA)

• Your Choice! down payment assistance
• If you used OHFA assistance, check subordination before refinancing
• Mortgage Credit Certificates available

USDA Refinancing

Rural Ohio counties qualify for USDA loans outside Columbus, Cleveland, Cincinnati, Toledo, and Akron.

VA Loans

Wright-Patterson AFB. VA IRRRL available.

Cost of Refinancing

Low costs:

| Cost Item | Typical Amount | |-----------|---------------| | Origination | $0 - $2,000 | | Appraisal | $400 - $550 | | Title | $600 - $1,000 | | Recording | $30 - $60 | | Total | $3,000 - $6,000 |

No state mortgage tax.

When to Refinance

Refinance if rates dropped 0.75%+, eliminate PMI, or consolidate debt. See cash-out guide.

FAQ

How long? 30-40 days. Property taxes change? No. Credit score? 580 FHA, 620 conv, 740+ best. Keep OHFA MCC? Yes, with participating lender.

Bottom Line

Ohio's low costs make refinancing attractive when rates drop 0.75%+.

Get quote: See rates.

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Author: Bill McCoy, 15 years experience.