The Best Mortgage Lenders in Baltimore, OH
Compare verified mortgage lenders serving Baltimore, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Baltimore
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly-rated national mortgage lender with a strong local presence in Central Ohio, serving Baltimore residents with competitive rates and exceptional customer service. Founded in 2000, they are known for their digital mortgage platform, quick closing times, and wide range of loan options. Their Columbus office provides personalized service, and they consistently receive high marks for transparency and reliability in the mortgage process.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a reputable lender with deep roots in Ohio, offering comprehensive mortgage solutions to Baltimore homebuyers. Established in 2003, they excel in customer satisfaction with local loan officers who understand the regional market. They provide flexible loan programs, competitive rates, and are praised for their responsive communication and guidance through the entire home financing journey.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-tier lender with a strong regional presence near Baltimore, known for its community-focused approach and high customer satisfaction ratings. Founded in 1996, they offer personalized service through local branches, competitive rates, and a wide array of loan products. Their expertise in serving rural and suburban Ohio markets makes them a reliable choice for Baltimore residents seeking trustworthy mortgage advice and seamless transactions.
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Frequently Asked Questions
Common questions about mortgage lending in Baltimore, OH
What are the typical down payment requirements for homes in Baltimore, OH, given the local market?
In Baltimore's more affordable market compared to major Ohio cities, many conventional loans are available with down payments as low as 3-5%. For the area's median home price, this translates to a manageable upfront cost. Local lenders are also familiar with USDA Rural Development loans, which offer 0% down options for eligible properties in and around Baltimore.
Are there any special first-time homebuyer programs or grants available specifically for Baltimore, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers statewide programs, like grants for down payment assistance, which are actively used by buyers in Baltimore. Additionally, Fairfield County may have local initiatives or partnerships with lenders. It's crucial to work with a loan officer familiar with these programs to navigate the combination of state and potential local benefits.
How does Baltimore's location within Fairfield County affect property taxes and mortgage escrow?
Fairfield County's property tax rates will directly impact your monthly escrow payment. While rates vary, they are generally moderate for Ohio. Your lender will use the county's specific millage rates for the property's exact location to provide an accurate estimate, which is important for budgeting your total monthly mortgage payment in the Baltimore area.
What type of property appraisals are common for mortgages in Baltimore, given its mix of historic and newer homes?
Appraisals in Baltimore often require appraisers familiar with valuing both the historic homes in the village and newer constructions in surrounding subdivisions. For unique or older properties, lenders may seek an appraiser with specific experience in historic comparables, which can sometimes affect the timeline and complexity of the mortgage process.
Is private mortgage insurance (PMI) a common requirement for Baltimore homebuyers, and are there ways to avoid it?
PMI is common for buyers putting down less than 20%, which is frequent in this market. However, some local lenders may offer portfolio loans or discuss lender-paid PMI options. For veterans, a VA loan is a popular choice in the area to finance 100% of the home's value without any PMI requirement.
Nearby Cities
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Why Choose a Mortgage Lender in Baltimore?
Local Market Knowledge
Lenders who understand Baltimore'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 Baltimore and get competitive rates on your home loan.