Mortgage Loans
Whether you're ready to buy or refi, we're here for you.
Find Your Best-Fit Mortgage
Osgood Bank is deeply invested in our Ohio communities, which means our home loan programs are available only within our regional service area. This local focus allows us to deliver faster decisions and personalized guidance you won’t find from national lenders.
Fixed-Rate Mortgages
Adjustable-Rate Mortgages (ARMs)
Refinance Options
Compare
Review today's rates and terms to see what fits your budget.
Calculate
Estimate your monthly payment to align with your comfort zone.
Prepare
Get financially ready so your application moves quickly.
Apply
Get pre-approved to strengthen your offer with sellers.
Explore The Complete Home Buying Guide
Buying a home should be a joyful experience. To help make it so, we have gathered advice from mortgage experts into one, easy to follow how-to guide that will accompany you through every step of your home buying journey. Whether this is your first time buying a home or you're ready to do it again, this roadmap will help you confidently purchase a home you love.
Get The Guide.
Today's Rates
Rates shown are Annual Percentage Rates (APR) and are subject to change. Terms and conditions apply. Payment examples available upon request. For the Adjustable-Rate Mortgage (ARM) product, interest is fixed for a set period of time, and adjusts periodically thereafter. At the end of the fixed-rate period, the interest and payments may increase according to future index rates. The APR may increase after the loan closes.
Mortgage Calculator
Calculate an estimated monthly mortgage payment to fit your budget using the rates and terms above as a helpful guide. Remember the rate you may qualify for could be different depending on factors like the loan type, term, and your credit score.
Tools and calculators are provided as a courtesy to help you estimate your mortgage needs. Results shown are estimates only. Speak with an Osgood Bank Lender for more specific information.
How The Mortgage Process Works
Preapproval
Submit income, credit, and home budget info so you know what you can afford.
Loan & Term
Select the fixed or adjustable loan option and term that fits your budget and goals.
Underwriting
We verify your financials, order an appraisal, and ensure everything is up to par.
Closing
Sign your final documents and get ready to move - or refinance. Closing procedure depends on local schedules.
Choose Osgood Bank
Local expertise in Ohio housing markets and closing practices.
Clear guidance from pre-approval to funding—no guesswork about the next step.
Transparent terms with a process designed for confident decisions.
Ready to Get Pre-Approved?
Mortgage Loan Questions
Save for a Down Payment
A down payment is the funds you apply towards the purchase of your home, but is not included in the loan amount.
The amount of down payment required varies for different mortgage types. Conventional mortgages generally require a minimum of 5% down.
Don't let down payments worry you. We have a variety of options available to help make your purchase possible.
Learn More About Down Payments
Review Debt-to-Income Ratio
Your debt-to-income (DTI) ratio is the sum of all of your debt payments divided by your gross monthly income.
An ideal mortgage should make up no more than 28% of your DTI; an ideal DTI is less than 36%.
Our budget calculator will help you prepare a list of your monthly expenses ahead of applying for your loan.
Ensure Job Stability
A steady stream of documented income shows that the borrower has the ability to repay their mortgage.
Gaps in employment are understandable and will not automatically not deter you from qualifying for a mortgage.
You will need to provide 30 days of paystubs before closing on your mortgage.
Check Your Credit Score
Your credit score is a number between 300 and 850 that is determined by your payment history, amounts owed, length of credit history, and types of credit used. Better credit reports and higher scores make it easier and cheaper to borrow.
If you are concerned that you may not qualify for a conventional loan based on your credit score, your lender may recommend a different type of mortgage such as one of our in-house options.
The Federal Truth in Lending law requires that all financial institutions disclose APR when they advertise a rate. The APR is designed to show the actual cost of financing and includes closing fees in the loan calculation. However, not all fees are included and lenders are allowed to interpret which fees they include. Fees like appraisal and title work are not required to be included in the APR calculation, however you may still be required to pay them. These fees, along with the interest rate determine the estimated cost of financing over the full term of the loan.
APR is an effective interest rate, but not the actual interest rate. The actual interest rate, along with term and the amount you borrower is what is utilized when calculating your payments.
Escrows are monies set aside for paying your taxes and homeowner's insurance. Some people prefer to pay these themselves and keep their payment as small as possible, while others prefer to pay them as part of their mortgage payment.
You are required to escrow unless you put down 20% when purchasing or have 20% equity in your property when refinancing.
To provide the best local expertise and service, Osgood Bank currently offers home loans only to borrowers within our lending area in Ohio. If you’re outside of this region, we encourage you to contact a lender in your community.