See current Ohio Refinance fixed rates (30 Year, 20, 15, 10, FHA, VA and Jumbo), variable rates (10 year, 7, 5, 3), Cash Out rates, plus comparisons with national averages and lender types. Refinancing in Ohio can help lower your monthly payment, shorten your loan term, or tap into equity with a cash-out refinance.
Ohio Refinance Rates –
Find community reported rates by Ohio homeowners (rates are average APR).
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 7.65% | 7.70% | 7.75% | |
| Ohio | 7.71% | 7.76% | 7.81% | |
| Credit Unions | 7.31% | 7.36% | 7.51% | 9.4/10 |
| Online lenders | 7.41% | 7.46% | 7.61% | 7.7/10 |
| Banks | 7.71% | 7.76% | 7.81% | 7.6/10 |
| 30 year fixed | 7.71% | 7.76% | 7.81% | |
| 30 year fixed FHA | 6.25% | 6.30% | 6.35% | |
| 30 year fixed VA | 6.38% | 6.43% | 6.48% | |
| 30 year fixed Jumbo | 7.82% | 8.06% | 8.25% | |
| 20 year fixed | 7.46% | 7.51% | 7.56% | |
| 15 year fixed | 6.79% | 6.84% | 6.89% | |
| 10 year fixed | 5.87% | 5.92% | 5.97% | |
| 3 year ARM | 4.59% | 4.64% | 4.69% | |
| 5 year ARM | 7.27% | 7.32% | 7.37% | |
| 7 year ARM | 7.15% | 7.20% | 7.25% | |
| 10 year ARM | 7.58% | 7.63% | 7.68% | |
| Satisfaction | 9.2/10 | 8.2/10 | 7.9/10 |
Source: MFP’s Community Home Refinance Rates Survey of Ohio homeowner members in the last 30 days.
Cash Out Refinance Rates in Ohio –
Find community reported cash-out refinance rates by Ohio homeowners (rates are average APR).
| Credit Score | |||
|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | |
| Nationally | 7.77% | 7.90% | 8.02% |
| Ohio | 7.83% | 7.96% | 8.08% |
| Credit Unions | 7.43% | 7.56% | 7.78% |
| Online lenders | 7.53% | 7.66% | 7.88% |
| Banks | 7.83% | 7.96% | 8.08% |
| 30 year fixed | 7.83% | 7.96% | 8.08% |
| 30 year fixed FHA | 6.38% | 6.50% | 6.63% |
| 30 year fixed VA | 6.50% | 6.63% | 6.75% |
| 30 year fixed Jumbo | 7.94% | 8.07% | 8.19% |
| 20 year fixed | 7.58% | 7.71% | 7.83% |
| 15 year fixed | 6.91% | 7.04% | 7.16% |
| 10 year fixed | 6.00% | 6.12% | 6.25% |
| 3 year ARM | 4.72% | 4.84% | 4.96% |
| 5 year ARM | 7.40% | 7.52% | 7.65% |
| 7 year ARM | 7.27% | 7.40% | 7.52% |
| 10 year ARM | 7.71% | 7.83% | 7.96% |
Source: MFP’s Community Home Refinance Rates Survey of Ohio members in the last 30 days.
How Ohio Compares to National Averages
- Ohio refinance rates (7.71% for best credit scores) are slightly above national averages (national average: 7.65%).
- Credit unions are more competitive: In Ohio, credit unions offer 7.56%, banks 7.81%, online lenders 7.66%.
- Borrower satisfaction: Credit unions 8.7/10, Online lenders 8.4/10, Banks 8.1/10.
Refinance Options in Ohio
- 30-year Fixed: At 7.71% APR for excellent credit, Ohio's most popular choice for stable long-term payments with predictable monthly costs
- 30-year Fixed FHA: At 6.25% APR for excellent credit, government-backed programs with competitive terms and flexible qualification requirements
- 30-year Fixed VA: At 6.38% APR for excellent credit, exclusive to eligible veterans and military members, featuring Ohio's most competitive rates
- 30-year Fixed Jumbo: At 7.82% APR for excellent credit, for high-value homes with competitive jumbo mortgage terms
- 20-year Fixed: At 7.46% APR for excellent credit, a balanced option between shorter and longer terms with moderate payments
- 15-year Fixed: At 6.79% APR for excellent credit, lower interest rates but higher monthly payments, ideal for building equity faster
- 10-year Fixed: At 5.87% APR for excellent credit, the shortest fixed-term option with competitive rates for rapid equity building
- Adjustable-rate mortgages (ARMs): Various terms including 3-year (4.59% APR), 5-year (7.27% APR), 7-year (7.15% APR), and 10-year (7.58% APR) options that start lower but may adjust upward after initial fixed period
Metro Area Rates
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Columbus | 6.58% | 5.91% |
| Cleveland | 6.57% | 5.90% |
| Cincinnati | 6.57% | 5.89% |
| Toledo | 6.56% | 5.88% |
| Akron | 6.55% | 5.88% |
* APR Rates shown are for borrowers with the best credit scores. Click the city name to see community recommended lenders and ratings
Compare Lenders Rated by Ohio Homeowners
Ohio homeowners rate refinance lenders based on rate competitiveness, application process, and customer support.
- Credit unions rank the highest in satisfaction (8.8/10).
- Online lenders follow at 8.3/10.
- Banks trail slightly with 8.0/10.
For more details, see our Best Mortgage Refinance Lenders in Ohio
FAQs – Ohio Refinance Rates
Are refinance rates lower in Ohio than the U.S. average?
They’re nearly identical with Ohio at 6.57% for top credit borrowers compared to the national 6.60%.
Which refinance loan type is most popular in Ohio?
The 30-year fixed refinance remains the most widely chosen option, balancing affordability with stability.
Do credit unions offer the best refinance deals in Ohio?
Yes, credit unions consistently lead in both lowest refinance rates and highest satisfaction scores.
More Info for Ohio Homeowners:
Calculators & Tools
Home Equity Loan Calculator: See what you can borrow and what the draw period looks like.
HELOC Calculator: Estimate monthly payments on a fixed equity loan.
Loans Comparison Calculator: Compare Cost of Heloc, Cash-Out, Home Equity, Renovation Loan
Lenders & Loan Programs
Ohio Best Refinance Lenders: from Community Recommendations Survey
Documents: Documents needed to refinance.
Ohio Home Equity Loan & Ohio HELOC Rates
Insurance & Homeowner Resources
Ohio Best Home Insurance: from Community recommendations & Local Costs