Mortgage Refinance Rates in Ohio (2026)
With Ohio's median value near $230,000, a homeowner refinancing a typical $156,000 balance from about 7.50% to 6.25% saves roughly $130/month — breaking even on ~$3,900 of costs near month 30.
Refinancing in Ohio comes in three flavors: lower your rate, shorten your term, or pull out equity to 80% LTV. Ohio uses the $806,500 conforming baseline statewide.
Refinance snapshot by Ohio county
| County | Est. Value | 2026 Conforming Limit | Tier |
|---|---|---|---|
| Franklin County | $275,000 | $806,500 | Baseline |
| Cuyahoga County | $150,000 | $806,500 | Baseline |
| Hamilton County | $235,000 | $806,500 | Baseline |
| Montgomery County | $180,000 | $806,500 | Baseline |
| Summit County | $200,000 | $806,500 | Baseline |
| Lucas County | $160,000 | $806,500 | Baseline |
| Stark County | $230,000 | $806,500 | Baseline |
| Butler County | $230,000 | $806,500 | Baseline |
| Lorain County | $230,000 | $806,500 | Baseline |
| Mahoning County | $230,000 | $806,500 | Baseline |
| Lake County | $230,000 | $806,500 | Baseline |
| Warren County | $230,000 | $806,500 | Baseline |
| Clermont County | $230,000 | $806,500 | Baseline |
| Delaware County | $230,000 | $806,500 | Baseline |
| Trumbull County | $230,000 | $806,500 | Baseline |
| Medina County | $230,000 | $806,500 | Baseline |
| Licking County | $230,000 | $806,500 | Baseline |
| Greene County | $230,000 | $806,500 | Baseline |
| Fairfield County | $230,000 | $806,500 | Baseline |
| Wood County | $230,000 | $806,500 | Baseline |
| Portage County | $230,000 | $806,500 | Baseline |
| Clark County | $230,000 | $806,500 | Baseline |
| Geauga County | $230,000 | $806,500 | Baseline |
| Allen County | $230,000 | $806,500 | Baseline |
| Richland County | $230,000 | $806,500 | Baseline |
| Wayne County | $230,000 | $806,500 | Baseline |
| Columbiana County | $230,000 | $806,500 | Baseline |
| Tuscarawas County | $230,000 | $806,500 | Baseline |
| Miami County | $230,000 | $806,500 | Baseline |
| Ashtabula County | $230,000 | $806,500 | Baseline |
Should you refinance in Ohio?
It comes down to your break-even. Take your closing costs (often 2-5% of the balance) and divide by your monthly savings — if you will stay in the home past that month count, refinancing usually wins. Cash-out makes sense when the rate and use of funds beat your other borrowing options.
Your Free Refinance Rate Watch
Refinance rates move daily and the right dip can save hundreds a month. We will tell you the moment it makes sense.
Frequently Asked Questions
- How much can refinancing save in Ohio?
- On a $156,000 balance near the Ohio median, dropping from ~7.50% to 6.25% saves about $130/month. Your figure depends on your current rate and balance.
- What is the conforming loan limit in Ohio for 2026?
- Most Ohio counties use the $806,500 baseline; high-cost counties go up to $1,209,750. Above that, refinances are jumbo loans.