The Best Mortgage Lenders in Alexandria, OH
Compare verified mortgage lenders serving Alexandria, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Alexandria
Featured Mortgage Lenders
Park National Bank
Park National Bank
Park National Bank is a highly respected community bank with deep roots in central Ohio and a physical branch located directly in Alexandria. They offer personalized mortgage services with local decision-making, competitive rates, and exceptional customer service. Their mortgage specialists live and work in the communities they serve, providing tailored solutions for first-time homebuyers, move-up buyers, and investment property purchases. With over a century of banking experience, they combine modern lending technology with traditional community banking values.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as one of Ohio's top mortgage lenders with multiple offices serving the central Ohio region, including Alexandria. They are particularly noted for their competitive rates, fast closing times, and exceptional customer service. The company specializes in helping borrowers with various financial situations and offers a wide range of loan programs. Their local loan officers have extensive knowledge of the Alexandria and Licking County market, providing personalized guidance throughout the entire mortgage process.
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The Mortgage Company
The Mortgage Company
The Mortgage Company is a highly-rated local mortgage lender based in nearby Newark, Ohio, with extensive experience serving Licking County communities including Alexandria. They are known for their exceptional customer service, local market expertise, and competitive loan products. As an independent mortgage banker, they can offer more flexible underwriting and personalized service than larger national banks. Their team has deep knowledge of the central Ohio housing market and specializes in helping both first-time homebuyers and experienced investors navigate the mortgage process efficiently.
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Frequently Asked Questions
Common questions about mortgage lending in Alexandria, OH
What are typical down payment requirements for homes in Alexandria, OH, given its market?
For the majority of homes in Alexandria and Licking County, a conventional loan with a 5% down payment is common. However, with median home prices being relatively accessible compared to larger metros, many buyers opt for 10-20% down to avoid private mortgage insurance (PMI). USDA loans with 0% down are also a popular option in eligible rural areas just outside the village limits.
Are there any local or county-specific first-time homebuyer programs available in Alexandria?
Yes, the Ohio Housing Finance Agency (OHFA) offers statewide programs with benefits like competitive interest rates, down payment assistance, and grants, which are accessible to Alexandria buyers. Additionally, the Licking County Land Bank occasionally has programs for specific properties, and it's worth checking with local lenders who may have knowledge of community-specific incentives for new construction or revitalization areas.
How does Alexandria's location in a "village" versus a city impact the mortgage process, like appraisals or inspections?
Being a village means properties may be on well and septic systems rather than public utilities. Lenders will require specific water quality tests and septic inspections, which can add time and cost to the closing process. Appraisals also carefully compare properties with similar off-grid systems, which can be common in the surrounding township areas.
What type of mortgage rates can I expect in Alexandria, OH, compared to the national average?
Mortgage rates in Alexandria generally align with national averages, as they are set by broader financial markets. However, your specific rate will depend heavily on your credit profile and loan type. Working with a local lender familiar with Licking County can sometimes provide access to competitive regional or community bank rates that may be very favorable.
Are there specific property taxes or insurance considerations in Alexandria that affect monthly mortgage payments?
Yes, Licking County property taxes are a significant component of your monthly escrow payment. Alexandria's effective tax rates are generally moderate for Ohio. Furthermore, due to the mix of older homes and rural properties, lenders may require specific homeowners insurance coverage for features like older roofs or outbuildings, which can influence your total monthly payment.
Nearby Cities
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Why Choose a Mortgage Lender in Alexandria?
Local Market Knowledge
Lenders who understand Alexandria's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Ohio.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Alexandria and get competitive rates on your home loan.