The Best Mortgage Lenders in Bakersville, OH
Compare verified mortgage lenders serving Bakersville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bakersville
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with over 25 years of experience, known for its exceptional customer service and competitive mortgage rates. They have a strong regional presence in Ohio, including service to Bakersville, and are praised for their wide range of loan options, quick processing times, and personalized assistance from local loan officers. Their high ratings and substantial review count reflect consistent customer satisfaction and reliability.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender recognized for its fast closing times and excellent customer service. With a focus on community engagement and a variety of loan programs, they serve Bakersville and surrounding areas in Ohio. Their experienced team offers competitive rates and flexible solutions, backed by strong reviews highlighting their efficiency and support throughout the mortgage process.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding is a well-established lender with a strong reputation for diverse loan products and community-focused lending. They have a local presence in Ohio and serve Bakersville with competitive rates and knowledgeable staff. Their high customer satisfaction ratings stem from personalized service, transparency, and a commitment to helping borrowers achieve homeownership, as evidenced by numerous positive reviews.
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Frequently Asked Questions
Common questions about mortgage lending in Bakersville, OH
What are the typical down payment requirements for homes in Bakersville, OH, given its more rural and affordable market?
Due to Bakersville's relatively low median home price compared to major Ohio cities, many buyers can utilize conventional loans with a 3% minimum down payment or FHA loans with 3.5% down. Local lenders are often familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties in the surrounding Coshocton County area, making homeownership very accessible.
Are there any local or county-specific first-time homebuyer assistance programs available in Bakersville?
Yes, homebuyers in Bakersville can access the **Coshocton County Homebuyer Program**, which offers down payment and closing cost assistance in the form of a forgivable loan. Additionally, the statewide **Ohio Housing Finance Agency (OHFA)** programs are widely used, offering competitive interest rates and grants for down payment assistance, which are particularly impactful in Bakersville's affordable market.
How do property taxes in Coshocton County impact my mortgage payment and qualification in Bakersville?
Coshocton County has modest property tax rates, which is a positive factor for your debt-to-income (DTI) ratio when qualifying for a mortgage. Your lender will use the specific tax rate for the property's township (like Bakersville Township) to calculate your escrow payment. It's advisable to get a precise tax estimate from the county auditor, as rates can vary slightly even within the county.
What should I know about getting a mortgage for a older or historic home in Bakersville's established neighborhoods?
Many homes in Bakersville have character but may be older. For a standard purchase, an FHA 203(k) Rehabilitation Loan or a Fannie Mae HomeStyle® Renovation loan can be crucial to finance both the purchase and necessary updates. A thorough home inspection is non-negotiable, and local lenders with experience in the area can guide you on appraisals for unique properties.
Do lenders in Bakersfield view well and septic systems differently for mortgage approval?
Yes, this is a key local consideration. For homes not on municipal water and sewer, lenders will require a satisfactory water quality test and a septic system inspection as a standard condition for loan approval. Using a local lender familiar with rural properties in Coshocton County ensures this process is handled smoothly and you understand any potential repair contingencies.
Nearby Cities
Explore mortgage lenders in cities near Bakersville, OH
Why Choose a Mortgage Lender in Bakersville?
Local Market Knowledge
Lenders who understand Bakersville'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 Bakersville and get competitive rates on your home loan.