The Best Mortgage Lenders in Broadway, OH
Compare verified mortgage lenders serving Broadway, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Broadway
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Ohio, known for its competitive rates and digital-first approach that simplifies the home loan process. With over two decades of experience, they excel in customer service, offering a wide range of loan products and personalized support. Their high ratings stem from efficient processing, transparency, and a commitment to helping borrowers in Broadway and surrounding areas achieve homeownership with minimal stress.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable lender with deep roots in Ohio, providing exceptional service to homebuyers in Broadway and the Tuscarawas County region. Founded over 25 years ago, they are praised for their local expertise, competitive rates, and dedication to customer satisfaction. Their loan officers offer tailored solutions, and the company's strong community involvement and numerous positive reviews highlight their reliability and trustworthiness in the mortgage industry.
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New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a solid regional presence in Ohio, serving Broadway and nearby communities with a focus on diverse loan options and inclusive lending practices. With two decades of experience, they are acclaimed for their competitive rates, efficient online tools, and commitment to helping first-time and repeat buyers. Their high customer satisfaction ratings reflect personalized service, fast closings, and a supportive approach to navigating the home financing process.
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Frequently Asked Questions
Common questions about mortgage lending in Broadway, OH
Are there any local down payment assistance programs specifically for buying a home in Broadway, Ohio?
Yes, homebuyers in Broadway can access statewide programs like Ohio Heroes and the Grants for Grads program, which are popular in rural and suburban communities. Additionally, the Ohio Housing Finance Agency (OHFA) offers down payment assistance that can be used in Broadway, often providing a grant of 2.5% or 5% of the loan amount. It's wise to work with a local lender familiar with these programs to navigate the application process.
How do property taxes in Broadway, Ohio, affect my monthly mortgage payment?
Madison County, where Broadway is located, has property tax rates that are generally moderate compared to larger Ohio metro areas. Your lender will estimate these taxes for escrow, but it's crucial to get a precise quote from the Madison County Auditor's office, as rates can vary slightly between townships. This ensures your estimated monthly payment is accurate and you're prepared for the annual tax bill.
What types of properties are most common for mortgages in Broadway, and does that affect loan options?
Broadway features primarily single-family homes and some manufactured homes on owned land. For standard single-family homes, conventional, FHA, and USDA loans are all common. If you're considering a manufactured home, it's essential to confirm it is permanently affixed and titled as real estate to qualify for most mainstream mortgage programs, which a local lender can help verify.
Is a USDA loan a good option for buying in Broadway, Ohio, given its location?
Absolutely. Broadway's rural designation makes most of the area eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a major advantage for eligible buyers with moderate incomes, making homeownership more accessible. A local mortgage officer can confirm the specific property's eligibility using the USDA's online mapping tool.
How competitive is the mortgage market in Broadway, and should I expect to pay above the asking price?
While less frenzied than major cities, the Broadway market can be competitive for well-priced homes. It's not uncommon for buyers to pay at or slightly above asking, especially for move-in ready properties. To strengthen your offer, consider getting a solid pre-approval from a reputable local lender, which demonstrates to sellers that you are a serious and qualified buyer.
Nearby Cities
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Why Choose a Mortgage Lender in Broadway?
Local Market Knowledge
Lenders who understand Broadway'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 Broadway and get competitive rates on your home loan.