Columbus

Home Mortgage

The Current Lender Offering The Lowest Interest Rates On Columbus Home Mortgages.

Searching for a Columbus home mortgage? Concerned about the lending climate in this period of real estate and subprime chaos? If so, we can help. While getting approved for a Columbus home mortgage is not as easy as it was two years ago, it is not as difficult as all the doom and gloom stories in the media portray it to be.

Best Lender For Columbus Home Mortgages

When looking for a Columbus home mortgage lender, it is important to find a lender that not only offers the lowest rates, but also has not significantly tightened lending standards to the degree that only a very small percentage of applicants will qualify. Holding first place on our list of Columbus home mortgage lenders right now is ING DIRECT Columbus Home Mortgage. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications for Columbus home mortgages. Besides offering the lowest rates and highest ratio of approved loans, in most instances they will approve your online application in under 3 minutes. No other lender offering Columbus home mortgages will approve applications in such a rapid manner.

Columbus, Ohio Statistics & Related Info

Columbus Information

Columbus is the capital and the largest city of the U.S. state of Ohio. Located near the geographic center of the state, Columbus is the county seat of Franklin County, although parts of the city also extend into Delaware and Fairfield counties. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. The city has a diverse economy based on education, insurance, healthcare, retail, and technology. Acknowledged by Money Magazine as the 8th best large city in the U.S. to inhabit, it is also recognized as an emerging global city.

This popularity of Columbus was one of the contributing factors to driving up the price of Columbus real estate in the past decade. While prices have fallen some, homes in Columbus are still quite pricey. The Housing Bill passed by Congress and signed into law by the President in the summer of 2008 granted the authority to Fannie Mae and Freddie Mac to buy pricier mortgages, up to $625,000, which would make stable Columbus home mortgages readily available to buyers in a more expensive market like Columbus.

Columbus has a generally strong and diverse economy, ranking in the top 10 overall in the United States, and the best in Ohio, according to Policom Corp. As Columbus is the state capital, there is a large government presence in the city. Including city, county, state, and federal employers, government jobs provide the largest single source of employment within Columbus. One of the larger processing centers of the Defense Finance and Accounting Service is located in Columbus.

With approximately 100,000 college students in the Metropolitan Area, there are a large number of people employed within higher education institutions. Large organizations include The Ohio State University, Franklin University and Columbus State Community College, as well as numerous other smaller colleges and schools. Of course these factors along with many others contribute to the popularity of Columbus real estate, which in turn, creates a very large demand for Columbus home mortgages.

Columbus is home to five insurance companies. Nationwide Insurance makes its home downtown in a large, multi-building complex that dominates the northern end of the downtown area. The other insurance companies in the city are Motorists Insurance, Grange Insurance, Safe Auto Insurance, and State Auto Insurance.

Huntington Bancshares Inc. has its headquarters in the downtown area. Bank One was headquartered in Columbus until 1998, and J.P. Morgan Chase & Co., which acquired Bank One in 2004, continues to maintain a major presence in Columbus, with a large mortgage servicing unit in the city. Serving the business-only niche, Commerce National Bank is headquartered in Columbus. This economic vibrancy translates into a high degree of availability of funds for Columbus home mortgages.