Cincinnatus offers both fixed rate and adjustable rate 1st mortgage loans on single-family owner occupied home purchases, and refinances. Cincinnatus can lend up to 90% of the purchase price on a single-family owner occupied home purchase provided the appraised value is equal to or greater than the sales price. Cincinnatus does not require PMI (Private Mortgage Insurance) on single-family owner occupied loans. Closing costs are typically $1,300.00 for owner occupied purchases located in Hamilton, Butler, Warren, and Clermont Counties in Ohio. Closing costs in surrounding counties in Ohio, Indiana, and Kentucky are typically $150.00 more.

We also provide bridge and blanket loans. Need to close on your house purchase before your present house is sold? A bridge loan could be the answer to your dilemma. We use the equity in your current home for the down payment on the newly purchased home. After you sell your present home you make a lump sum payment to pay down the mortgage on the new home. This bridge loan requires only one closing with one low closing cost. For current mortgage rates click on current interest rates.

Refinance

For those looking to refinance their current home, Cincinnatus can lend up to 90% of the appraised value of your home as long as all loan proceeds are used to payoff mortgage debt on the home. Cincinnatus does not require PMI insurance on a 90% LTV refinance on a single-family owner occupied property. For refinances at or below 80% of the appraised value the loan proceeds left over after paying off existing mortgages on the home can be used however the homeowner wants. The closing costs for a single family owner occupied are generally the same as those for a purchase $1,300.00 for properties located in the Ohio counties of Hamilton, Butler, Warren and Clermont, and $150.00 more for surrounding counties.

Still need to know how much you can borrow or how much your principal and interest payment will be? Click on qualifying for a loan. This page contains our lending guidelines on debt to income ratios and links to calculators to help you estimate the amount you can borrow and the amount of your payment. If you would like to talk to a loan officer directly you can call us at (513) 661-6903 or toll free at (877) 661-6903 or you can email any loan questions to Loans@cincinnnatussl.com.


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