The Best Mortgage Lenders in Beverly, OH
Compare verified mortgage lenders serving Beverly, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Beverly
Featured Mortgage Lenders
Generations Federal Credit Union
Generations Federal Credit Union
Generations Federal Credit Union is highly regarded in the Beverly area with exceptional customer satisfaction ratings. As a community-focused financial institution serving Washington County and surrounding areas, they offer personalized mortgage services with competitive rates and local decision-making. Their mortgage specialists provide comprehensive guidance through the entire home buying process, and they're known for their responsive service and flexible loan options tailored to individual financial situations.
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Peoples Bank
Peoples Bank
Peoples Bank has a strong regional presence serving the Beverly community with multiple branches throughout Southeast Ohio. With over a century of banking experience, their mortgage division offers extensive expertise in rural and small-town home financing. They provide competitive rates and a wide range of loan products, including specialized programs for first-time homebuyers. Their local loan officers understand the unique aspects of the Ohio housing market and provide personalized service throughout the mortgage process.
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Cornerstone Mortgage Company
Cornerstone Mortgage Company
Cornerstone Mortgage Company serves the Beverly, Ohio area from their Parkersburg, West Virginia location just across the state line. They have built an excellent reputation for their expertise in cross-border lending between Ohio and West Virginia. Specializing in both purchase and refinance loans, they're particularly noted for their efficient processing and competitive rates. Their experienced loan officers provide comprehensive guidance and are known for making the mortgage process straightforward and transparent for borrowers in rural Southeast Ohio communities.
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Frequently Asked Questions
Common questions about mortgage lending in Beverly, OH
What are typical mortgage rates for homebuyers in Beverly, OH, and how do they compare to state averages?
Mortgage rates in Beverly, OH, are generally aligned with national and state averages, but local lenders may offer competitive terms. As a smaller, rural community, rates can sometimes be slightly higher than in major Ohio metro areas due to different market dynamics, but shopping with local credit unions like the Citizens Bank of Beverly can often yield favorable rates. It's always wise to compare offers from both local and regional lenders.
Are there any down payment assistance or first-time homebuyer programs specifically available for Beverly residents?
Yes, Beverly homebuyers can access several Ohio-wide programs, with the **Ohio Housing Finance Agency (OHFA)** being the primary resource. Programs like OHFA's First-Time Homebuyer program offer competitive interest rates and down payment assistance, which are applicable in Washington County. Additionally, local lenders may have knowledge of community-specific grants or affordable housing initiatives for the area.
How does the appraisal process work in Beverly, given its rural setting and proximity to the Muskingum River?
Appraisals in Beverly must account for its unique rural and river-adjacent properties. Appraisers will compare your home to similar "comps" in Beverly and nearby communities like Waterford or Lowell, which can be challenging due to lower sales volume. Properties near the Muskingum River or in flood zones may require additional inspections and could affect loan eligibility and insurance requirements.
What should I know about property taxes and insurance when getting a mortgage in Beverly, OH?
Property taxes in Beverly are based on Washington County rates and are generally moderate compared to urban Ohio. Your lender will factor these into your monthly escrow payment. For insurance, due to the town's location along the Muskingum River, lenders may require a separate flood insurance policy if the property is in a designated flood zone, which is a critical and sometimes costly consideration.
Are USDA Rural Development loans a common and good option for buying a home in Beverly, OH?
Absolutely. Beverly's designation as a rural area makes most of the town eligible for **USDA loans**, which offer 100% financing (no down payment). This is one of the most advantageous programs for qualified buyers in the area, given the community's size and location. A local mortgage lender familiar with USDA guidelines can help determine your eligibility for this specific program.
Why Choose a Mortgage Lender in Beverly?
Local Market Knowledge
Lenders who understand Beverly'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 Beverly and get competitive rates on your home loan.