The Best Mortgage Lenders in Barberton, OH
Compare verified mortgage lenders serving Barberton, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Barberton
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 28 years in the industry, they specialize in a wide range of loan products and have a strong local presence in the Akron-Barberton area. Their high customer satisfaction ratings and personalized approach make them a preferred choice for homebuyers in Barberton, offering seamless processing and dedicated support throughout the mortgage journey.
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Union Home Mortgage
Union Home Mortgage
Union Home Mortgage is a highly reputable lender with deep roots in Ohio, serving the Barberton community with reliability and expertise. Founded in 1990, they boast over three decades of experience and are praised for their transparent processes and competitive loan options. Their strong local presence in Akron ensures personalized service, and they consistently receive high marks for customer satisfaction, making them a trusted partner for mortgages in the region.
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Huntington National Bank
Huntington National Bank
Huntington National Bank is a well-established financial institution with a strong physical presence in Barberton, offering reliable mortgage services backed by over 150 years of experience. Known for their competitive rates and comprehensive loan products, they provide personalized banking solutions and have a dedicated local branch. Their high customer review counts and community involvement make them a solid choice for Barberton residents seeking trustworthy and accessible mortgage lending.
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Frequently Asked Questions
Common questions about mortgage lending in Barberton, OH
Are there any special down payment assistance programs for first-time homebuyers in Barberton, Ohio?
Yes, the Summit County First-Time Homebuyer Program offers down payment and closing cost assistance to eligible buyers in Barberton. This program can provide up to $10,000 in a forgivable loan, which does not need to be repaid if you live in the home for a set period. Income limits and property location within Summit County apply, making it a valuable local resource.
How does Barberton's more affordable housing market affect mortgage qualification and loan types?
Barberton's median home prices are significantly below the national average, which can make qualifying for a mortgage more accessible. Lenders may be more willing to work with buyers on conventional loans with lower down payments (like 3% or 5%), as the loan amounts are often smaller and less risky. This affordability also makes FHA loans a very popular and practical choice for many local buyers.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Barberton?
Barberton is located in Summit County, which has property tax rates that are generally moderate for Ohio. Your lender will factor these into your escrow payment. It's also wise to inquire about flood insurance, as some neighborhoods near the Tuscarawas River or the Barberton Reservoir may be in or near FEMA flood zones, which can add to your monthly costs.
Are there specific renovation loan programs useful for buying in Barberton's older housing stock?
Absolutely. Given the prevalence of historic and older homes in Barberton, an FHA 203(k) loan or a conventional HomeStyle Renovation loan can be an excellent tool. These mortgages allow you to finance both the purchase price and the cost of renovations into one loan, which is ideal for updating a home's electrical, plumbing, or structural elements common in the city's charming, established neighborhoods.
Do local lenders in the Barberton area offer any advantages over national banks for a mortgage?
Local lenders and credit unions, such as those based in Akron or Summit County, often have deeper knowledge of Barberton's specific neighborhoods and property values. They may offer more personalized service and sometimes have more flexibility with underwriting for unique properties. Additionally, they are typically very familiar with the county and city-specific assistance programs mentioned earlier.
Why Choose a Mortgage Lender in Barberton?
Local Market Knowledge
Lenders who understand Barberton'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 Barberton and get competitive rates on your home loan.