The Best Mortgage Lenders in Bath, OH
Compare verified mortgage lenders serving Bath, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bath
Featured Mortgage Lenders
Fairway Independent Mortgage of Northeast Ohio
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong local presence in Northeast Ohio, serving Bath residents with exceptional customer service and competitive rates. Founded in 1996, they are known for their efficient loan processing, personalized guidance, and extensive loan options, including specialized programs for first-time homebuyers. Their high ratings and numerous positive reviews highlight reliability, transparency, and a commitment to making home financing accessible and stress-free.
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Directions Credit Union
Directions Credit Union
Directions Credit Union is a highly respected local financial institution serving Summit County, including Bath, with a focus on community-oriented mortgage solutions. With over 88 years of experience, they offer personalized service, competitive rates, and a wide range of loan products. Their strong customer satisfaction ratings reflect a dedication to member education and support, making them a trusted choice for homebuyers seeking reliable, local expertise and flexible financing options.
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Movement Mortgage - Northeast Ohio
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong regional presence in Northeast Ohio, providing efficient and customer-focused mortgage services to Bath residents. Founded in 2008, they are praised for their rapid loan processing, competitive rates, and dedicated local support. Their high review scores and emphasis on technology and transparency make them a top choice for homebuyers seeking a smooth, reliable mortgage experience with a modern touch.
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Frequently Asked Questions
Common questions about mortgage lending in Bath, OH
What are the typical property tax rates in Bath, Ohio, and how do they impact my mortgage payment?
Bath Township, located in Summit County, has property tax rates that are a combination of local levies and county rates, typically ranging from 1.8% to 2.2% of the home's assessed value. This is a critical factor for your monthly mortgage payment, as lenders will escrow these taxes. Given Bath's highly-rated Revere Local School District, a portion of your taxes supports these schools, which is a key consideration for your overall housing budget.
Are there any local or county-specific down payment assistance programs available for first-time homebuyers in Bath?
Yes, homebuyers in Bath can access programs through the Ohio Housing Finance Agency (OHFA), which offers statewide down payment assistance. Additionally, Summit County has its own "Welcome Home" down payment assistance program, which can provide qualified buyers with a grant of up to $5,000. These programs often have income limits and require homebuyer education, making them excellent resources for entering Bath's competitive market.
How does Bath's competitive housing market affect the mortgage pre-approval and offer process?
Bath's desirable neighborhoods and limited inventory create a seller's market, where multiple offers are common. A strong, verified pre-approval from a reputable local lender is not just a suggestion but a necessity to make a competitive offer. Sellers often prioritize offers with solid financing over higher bids with weaker approval letters, so working with a lender familiar with the local appraisal process is a significant advantage.
Are jumbo loans common in Bath, Ohio, and what should I know about them?
Yes, given the prevalence of higher-value homes in many Bath neighborhoods, jumbo loans (which exceed the conforming loan limits set by FHFA) are quite common. For 2024, the conforming limit in Summit County is $766,550; loans above this require a jumbo product. These loans often have stricter credit and reserve requirements (sometimes 12+ months of payments in liquid assets) and can have slightly higher interest rates than conforming loans.
What unique considerations are there for financing homes in Bath's older or historic neighborhoods?
While Bath is known for newer construction and spacious lots, some areas feature older homes. Financing these may require special attention to the home's condition for appraisal and insurance purposes. An FHA 203(k) renovation loan or a conventional HomeStyle loan could be crucial if the property needs updates, as standard mortgages will not fund homes with significant repair issues. Always ensure a thorough inspection is part of your contract.
Why Choose a Mortgage Lender in Bath?
Local Market Knowledge
Lenders who understand Bath'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 Bath and get competitive rates on your home loan.