The Best Mortgage Lenders in Bourneville, OH
Compare verified mortgage lenders serving Bourneville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bourneville
Featured Mortgage Lenders
Scioto Valley Federal Credit Union
Scioto Valley Federal Credit Union
As the leading local financial institution serving Ross County and surrounding areas including Bourneville, Scioto Valley FCU has built an exceptional reputation over 85 years for personalized mortgage services. They offer highly competitive rates with local underwriting decisions, making them particularly strong for first-time homebuyers and those seeking construction loans. Their deep community roots and member-focused approach result in consistently high customer satisfaction ratings.
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Huntington Bank Mortgage
Huntington National Bank
Huntington Bank maintains a strong physical presence in the Chillicothe area with dedicated mortgage specialists serving Bourneville residents. They offer unique programs like their "Huntington @Work" mortgage with special benefits for employees of partner companies. With over 150 years of banking experience, they provide reliable service, competitive rates, and a wide range of loan products backed by their 24-hour mortgage approval guarantee.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Chillicothe branch serves Bourneville with exceptional mortgage brokerage services, offering access to hundreds of loan programs through their extensive lender network. They excel at finding creative solutions for complex financial situations and self-employed borrowers. Their local team provides personalized service with the backing of a national company, resulting in high customer satisfaction ratings for both purchase and refinance transactions.
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Frequently Asked Questions
Common questions about mortgage lending in Bourneville, OH
Are there any special mortgage programs for first-time homebuyers in Bourneville, Ohio?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, including down payment assistance and competitive interest rates, which are accessible to Bourneville residents. Additionally, it's wise to check with local credit unions like the Paint Valley Bank or regional lenders who may have specific products or grants for buyers in Ross County, especially given the area's more rural and affordable market.
How does Bourneville's rural location in Ross County affect the mortgage appraisal process?
Appraisals in Bourneville can be more challenging due to fewer recent comparable home sales ("comps") in the immediate area. Appraisers may need to look at properties in a wider geographic radius, including nearby Chillicothe, which can sometimes lead to valuation discrepancies. It's important to work with a lender familiar with the local Ross County market to ensure a smooth process.
What are typical closing costs for a mortgage in Bourneville, OH?
Closing costs in Bourneville typically range from 2% to 5% of the home's purchase price. These include standard fees like origination and title insurance, but Ohio-specific costs include state and county transfer taxes. Given the generally lower home prices in Bourneville compared to major metros, the dollar amount for closing costs is often more manageable for buyers.
Are USDA Rural Development loans a common and good option for Bourneville homebuyers?
Absolutely. Given Bourneville's designation as a rural area, many homes and buyers qualify for USDA loans, which offer 100% financing (no down payment). This is a highly attractive and frequently used option in the area, making homeownership more accessible. A local mortgage lender can confirm specific property eligibility within the Bourneville zip code.
How do property taxes in Ross County impact my monthly mortgage payment in Bourneville?
Ross County has relatively moderate property tax rates compared to urban Ohio counties. Your lender will estimate these taxes for your escrow account, but it's crucial to get the exact figures from the Ross County Auditor's office, as taxes can vary. This stability in tax rates is a positive factor for long-term affordability in your Bourneville mortgage planning.
Why Choose a Mortgage Lender in Bourneville?
Local Market Knowledge
Lenders who understand Bourneville'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 Bourneville and get competitive rates on your home loan.