Jumbo mortgage loans in Ohio give homebuyers a more streamlined way to finance larger home purchases.
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JD MORTGAGE® connects you with lenders offering low to no down payment mortgages designed specifically for high-income professionals. We find the lenders that allow jumbo loan balances, relaxed debt-to-income ratios and typically do not require private mortgage insurance (PMI).
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Who knew Ohio had so much to offer? The loyal citizens of this midwestern state, that’s who. Ohioans have anything and everything within reach, from “small town” city living in Cleveland to rural communities near the border of Kentucky. With a wealth of great sport teams, historical sites, and great schools, it’s no wonder so many Ohioans are proud to call it home.
The cost of enjoying a midwestern lifestyle in Ohio is on the rise, however. According to the Ohio Association of Realtors, the average sales price of a home in Ohio is $277,452. Prices for newer or more modern homes are even higher, however, making it harder for some Ohioans— especially the ones in expensive regions— to finance a home.
For the most recent year, the HDMA data places Ohio 17th in the country in terms of mortgage origination activity, with a total of $4.82 billion in jumbo mortgages originated. If you’re looking for a jumbo mortgage in Ohio, you will likely see some of your Buckeye State neighbors taking part, too.
The jumbo loan limit in Ohio for all counties is $726,200. Any loan that exceeds $726,200 is a jumbo loan in the state of Ohio. Any loan that is less than $726,200 is a conforming loan in the state of Ohio.
| Ohio County | Ohio Jumbo loan (1-unit) | Ohio Conforming loan limit (1-unit) | Ohio FHA loan limit (1-unit) |
|---|---|---|---|
| Adams | $726,200+ | $726,200 | $420,680 |
| Allen | $726,200+ | $726,200 | $420,680 |
| Ashland | $726,200+ | $726,200 | $420,680 |
| Ashtabula | $726,200+ | $726,200 | $420,680 |
| Athens | $726,200+ | $726,200 | $420,680 |
| Auglaize | $726,200+ | $726,200 | $420,680 |
| Belmont | $726,200+ | $726,200 | $420,680 |
| Brown | $726,200+ | $726,200 | $420,680 |
| Butler | $726,200+ | $726,200 | $420,680 |
| Carroll | $726,200+ | $726,200 | $420,680 |
| Champaign | $726,200+ | $726,200 | $420,680 |
| Clark | $726,200+ | $726,200 | $420,680 |
| Clermont | $726,200+ | $726,200 | $420,680 |
| Clinton | $726,200+ | $726,200 | $420,680 |
| Columbiana | $726,200+ | $726,200 | $420,680 |
| Coshocton | $726,200+ | $726,200 | $420,680 |
| Crawford | $726,200+ | $726,200 | $420,680 |
| Cuyahoga | $726,200+ | $726,200 | $420,680 |
| Darke | $726,200+ | $726,200 | $420,680 |
| Defiance | $726,200+ | $726,200 | $420,680 |
| Delaware | $726,200+ | $726,200 | $373,750 |
| Erie | $726,200+ | $726,200 | $420,680 |
| Fairfield | $726,200+ | $726,200 | $373,750 |
| Fayette | $726,200+ | $726,200 | $420,680 |
| Franklin | $726,200+ | $726,200 | $373,750 |
| Fulton | $726,200+ | $726,200 | $420,680 |
| Gallia | $726,200+ | $726,200 | $420,680 |
| Geauga | $726,200+ | $726,200 | $420,680 |
| Greene | $726,200+ | $726,200 | $420,680 |
| Guernsey | $726,200+ | $726,200 | $420,680 |
| Hamilton | $726,200+ | $726,200 | $420,680 |
| Hancock | $726,200+ | $726,200 | $420,680 |
| Hardin | $726,200+ | $726,200 | $420,680 |
| Harrison | $726,200+ | $726,200 | $420,680 |
| Henry | $726,200+ | $726,200 | $420,680 |
| Highland | $726,200+ | $726,200 | $420,680 |
| Hocking | $726,200+ | $726,200 | $373,750 |
| Holmes | $726,200+ | $726,200 | $420,680 |
| Huron | $726,200+ | $726,200 | $420,680 |
| Jackson | $726,200+ | $726,200 | $420,680 |
| Jefferson | $726,200+ | $726,200 | $420,680 |
| Knox | $726,200+ | $726,200 | $420,680 |
| Lake | $726,200+ | $726,200 | $420,680 |
| Lawrence | $726,200+ | $726,200 | $420,680 |
| Licking | $726,200+ | $726,200 | $420,680 |
| Logan | $726,200+ | $726,200 | $420,680 |
| Lorain | $726,200+ | $726,200 | $420,680 |
| Lucas | $726,200+ | $726,200 | $420,680 |
| Madison | $726,200+ | $726,200 | $373,750 |
| Mahoning | $726,200+ | $726,200 | $420,680 |
| Marion | $726,200+ | $726,200 | $420,680 |
| Medina | $726,200+ | $726,200 | $420,680 |
| Meigs | $726,200+ | $726,200 | $420,680 |
| Mercer | $726,200+ | $726,200 | $420,680 |
| Miami | $726,200+ | $726,200 | $420,680 |
| Monroe | $726,200+ | $726,200 | $420,680 |
| Montgomery | $726,200+ | $726,200 | $420,680 |
| Morgan | $726,200+ | $726,200 | $420,680 |
| Morrow | $726,200+ | $726,200 | $373,750 |
| Muskingum | $726,200+ | $726,200 | $420,680 |
| Noble | $726,200+ | $726,200 | $420,680 |
| Ottawa | $726,200+ | $726,200 | $420,680 |
| Paulding | $726,200+ | $726,200 | $420,680 |
| Perry | $726,200+ | $726,200 | $373,750 |
| Pickaway | $726,200+ | $726,200 | $373,750 |
| Pike | $726,200+ | $726,200 | $420,680 |
| Portage | $726,200+ | $726,200 | $420,680 |
| Preble | $726,200+ | $726,200 | $420,680 |
| Putnam | $726,200+ | $726,200 | $420,680 |
| Richland | $726,200+ | $726,200 | $420,680 |
| Ross | $726,200+ | $726,200 | $420,680 |
| Sandusky | $726,200+ | $726,200 | $420,680 |
| Scioto | $726,200+ | $726,200 | $420,680 |
| Seneca | $726,200+ | $726,200 | $420,680 |
| Shelby | $726,200+ | $726,200 | $420,680 |
| Stark | $726,200+ | $726,200 | $420,680 |
| Summit | $726,200+ | $726,200 | $420,680 |
| Trumbull | $726,200+ | $726,200 | $420,680 |
| Tuscarawas | $726,200+ | $726,200 | $420,680 |
| Union | $726,200+ | $726,200 | $373,750 |
| Van Wert | $726,200+ | $726,200 | $420,680 |
| Vinton | $726,200+ | $726,200 | $420,680 |
| Warren | $726,200+ | $726,200 | $420,680 |
| Washington | $726,200+ | $726,200 | $420,680 |
| Wayne | $726,200+ | $726,200 | $420,680 |
| Williams | $726,200+ | $726,200 | $420,680 |
| Wood | $726,200+ | $726,200 | $420,680 |
| Wyandot | $726,200+ | $726,200 | $420,680 |
If you’re in the market for a home in Ohio, consider these jumbo mortgage loans that are available to state residents.
Fifth Third Bank is headquartered in Cincinnati, Ohio and is one of the largest consumer banks in the country. The bank’s unique name came from a 1909 merger between Third National Bank and Fifth National Bank. The bank offers a full suite of financial products, including jumbo mortgages.
We contacted Fifth Third Bank to learn about their jumbo loan mortgage specifically. Here are the important details:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Keybank has over $170 billion in assets and is the 24th largest bank in the Untied States. They operate throughout 39 states but can originate mortgages in nearly all 50, making them a popular choice among medical doctors throughout the country. One of their key financial products is a jumbo mortgage loan.
We contacted Keybank to learn more about their jumbo loan mortgage and here are the key terms and highlights:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
SoFi is a financial institution based in California that specializes in student loan refinance options, PLUS loans and flexible repayment terms. You might not know that they also offer jumbo loan mortgages.
We spoke to a loan officer at SoFi to discuss their jumbo loan mortgage and this is what we learned:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Huntington Bank is the 26th largest bank in the United States. Operating primarily out of the Midwest, their mortgage group can service a large part of the country. Huntington has a competitive physician loan product with no money down financing options.
We contacted a loan officer at Huntington Bank to gather information about the doctor mortgage and here’s what we heard back:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Flagstar Bank has a jumbo product in all 50 states, making it a popular choice among many people looking for higher mortgage amounts. If you’re considering a jumbo mortgage, you’ll want to compare Flagstar’s rates as part of your analysis.
We reached out to a loan officer at Flagstar Bank to get details on their jumbo mortgage. Here are the highlights:
When you’re ready to connect with a loan officer experienced in jumbo mortgages, use our form to quickly match with jumbo loan programs based on your specific circumstances.
Jumbo loans in Ohio differ from other loans in one significant way— their limits. While conventional mortgages cannot go over the limit of $647,200 in the state, jumbo loans can. That means that if you want to finance a home over that price, you can cover the cost with just one jumbo loan.
Get a rate quote to be certain about the process, monthly payment, and underwriting rules. If the accessibility issues with an FHA loan have blocked you, homeowners can still use the jumbo type of loan to purchase the perfect place in Columbus, Cuyahoga County, or elsewhere in Ohio.
Is an Ohio jumbo loan right for you and your financial picture? It may well be, but first you will need to check on the state of your credit. Jumbo loan lenders in Ohio typically ask that you have a great credit score, so make sure yours is in good shape before applying.
Imagine that you found the perfect piece of real estate on the NMLS only to learn that it costs too much to be financed through Fannie Mae or Freddie Mac. If you have to exceed conforming loan limits and adjustable rate mortgage limits, a jumbo home loan is a strong alternative.
This makes for a much simpler financial picture. If you decided to go the conventional loan route, you might have to take out several different loans to cover the cost. In a more problematic scenario, you might even have to put down a very, very large down payment to make up the difference created by conforming limits. Although mortgage rates can vary from one lender to another, keep researching to learn more.
The approval process for a jumbo loan can take some time. If you have time to make your purchase, one of these loans will work for you. Since banks are exposing themselves to more risks with these large loans, they will want to take their time and do all of the due diligence necessary during the approval process. If time is on your side, taking out a jumbo loan in Ohio may make a lot of sense for you.
Each lender may have its own rules about debt-to-income ratio, credit scores, what is needed for preapproval, and jumbo loan rates. By looking at all your options first, you’ll be in the best position to know which lenders are a good fit for you.
If you want to find the best jumbo loans in other states, click on your state below.
Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.
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