The Best Mortgage Lenders in Ashville, OH
Compare verified mortgage lenders serving Ashville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ashville
Featured Mortgage Lenders
Park National Bank - Union County Savings Bank Division
Park National Bank
As part of the Park National Bank family, Union County Savings Bank Division has been serving central Ohio communities including Ashville for decades. They offer personalized mortgage services with local decision-making, competitive rates, and deep community roots. Their experienced loan officers provide comprehensive guidance through the entire mortgage process, making them a top choice for homebuyers in the Ashville area seeking reliable local banking with the strength of a regional institution.
Loan Types:
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as one of central Ohio's premier mortgage lenders with multiple offices serving the Columbus metropolitan area including Ashville. They consistently receive exceptional ratings for their customer service, competitive rates, and efficient loan processing. Their team of experienced mortgage professionals offers a wide range of loan products and specializes in guiding clients through complex financing situations with expertise and personalized attention.
Loan Types:
New American Funding
New American Funding
New American Funding has a strong presence in central Ohio with local offices that serve the Ashville community. They are particularly noted for their diverse loan programs and excellent customer service ratings. The company specializes in helping borrowers across various financial situations, including first-time homebuyers and those with unique credit profiles. Their local loan officers provide in-person consultations and maintain strong relationships with real estate professionals throughout the region, ensuring a smooth mortgage experience.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Ashville, OH
What are typical mortgage rates for homebuyers in Ashville, OH, and how do they compare to national averages?
Mortgage rates in Ashville, OH, generally align closely with national averages, but local lenders may offer competitive rates due to the smaller market. As of recent trends, rates in rural Ohio communities like Ashville can sometimes be slightly lower for well-qualified buyers due to lower perceived risk and operating costs for local banks and credit unions. It's always best to get quotes from both local institutions and larger national lenders to find the best deal.
Are there any down payment assistance or first-time homebuyer programs specifically available for Ashville, OH, residents?
Yes, Ashville residents have access to statewide Ohio programs like "Ohio Heroes" and "Grants for Grads," which offer down payment assistance and favorable terms for eligible professions and recent graduates. Additionally, the "Your Choice! Down Payment Assistance" program through the Ohio Housing Finance Agency (OHFA) is available statewide and can provide up to 5% of the loan amount for down payment and closing costs, making homeownership more accessible in Ashville's affordable market.
How does Ashville's rural location and proximity to Columbus impact the mortgage appraisal process?
Ashville's rural setting means appraisals must carefully compare properties to similar homes in the village or nearby towns like Circleville, which can sometimes lead to valuation challenges due to fewer recent comparable sales ("comps"). However, its proximity to the Columbus metro area can positively influence appraised values, as commuters seek more affordable housing. It's important to work with a lender familiar with the local Pickaway County market to ensure a smooth appraisal.
What should I know about property taxes and insurance when budgeting for a mortgage in Ashville, OH?
Property taxes in Ashville and Pickaway County are relatively moderate compared to larger Ohio cities, but they are a key component of your monthly escrow payment. Homeowners insurance in this rural area may be lower than in urban centers, but lenders may require additional coverage for properties on well water or septic systems, which are common. Your lender can help you estimate these costs accurately during the pre-approval process.
Are USDA loans a viable option for buying a home in Ashville, OH, given its rural designation?
Absolutely. Much of the area around and including Ashville is eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is a highly attractive program for Ashville, as it directly supports homeownership in this designated rural community. Income limits apply, but many local households qualify, making it a popular choice for first-time and moderate-income buyers.
Nearby Cities
Explore mortgage lenders in cities near Ashville, OH
Why Choose a Mortgage Lender in Ashville?
Local Market Knowledge
Lenders who understand Ashville'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 Ashville and get competitive rates on your home loan.