The Best Mortgage Lenders in Cable, OH
Compare verified mortgage lenders serving Cable, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cable
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated national lender with strong Ohio presence, known for competitive rates and exceptional customer service. They specialize in guiding borrowers through the entire mortgage process with personalized attention. Their local Dublin office serves the Cable area with expertise in rural and suburban properties, offering comprehensive loan options including USDA loans that are particularly relevant for the Cable region.
Loan Types:
Union Savings Bank
Union Savings Bank
As a well-established community bank with deep roots in Logan County, Union Savings Bank has been serving the Cable area for decades. They offer personalized mortgage services with local underwriting and decision-making, providing competitive rates and flexible terms. Their expertise in rural properties and construction loans makes them an excellent choice for Cable residents seeking traditional banking relationships with modern mortgage solutions.
Loan Types:
First Federal Lakewood
First Federal Lakewood
First Federal Lakewood is a highly-rated Ohio-based lender that serves communities throughout the state, including rural areas like Cable. They combine the stability of a long-established institution with modern mortgage technology and competitive rates. Known for their exceptional customer service and local expertise, they offer specialized programs for rural properties and have strong relationships with real estate professionals throughout west-central Ohio.
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Frequently Asked Questions
Common questions about mortgage lending in Cable, OH
Are there any special mortgage programs for first-time homebuyers in Cable, OH?
Yes, Ohio offers the Ohio Housing Finance Agency (OHFA) programs, which are accessible to buyers in Cable. These include competitive interest rates, down payment assistance grants, and tax credits. Working with a local lender familiar with OHFA is crucial, as they can guide you through the income and purchase price limits that apply to our rural market.
How do property taxes in Champaign County and Cable's rural setting affect my mortgage qualification?
Champaign County has relatively moderate property tax rates compared to urban Ohio areas, which can be beneficial for your debt-to-income ratio. However, lenders will still carefully calculate your estimated monthly tax escrow payment based on the specific property. It's wise to review recent tax histories for homes you're considering, as taxes on larger rural parcels can vary.
What type of property appraisals are common for homes in Cable, given its rural nature?
Appraisals in Cable often require a "rural" or "agricultural" appraisal, especially for properties with acreage, outbuildings, or wells/septic systems. This process can take slightly longer and may cost more than a standard urban appraisal, as the appraiser must find comparable sales in a wider geographic area. Your lender should work with appraisers experienced in the local market.
Are USDA Rural Development loans a viable option for mortgages in Cable, Ohio?
Absolutely. Cable is located in an area that is almost certainly eligible for USDA loans, which offer 100% financing with no down payment. This is a highly attractive program for the area, given its rural designation. Eligibility is based on the property location, household income, and the home meeting USDA property standards, which are common for the housing stock here.
How does the local housing market in Cable impact the mortgage underwriting and closing timeline?
Cable's market is less competitive than major cities, which can mean more time for due diligence and a less rushed closing process. However, because it's a smaller market, underwriting may pay extra attention to the appraisal's comparable sales. Using a local lender with strong relationships in Champaign County can help ensure a smooth and timely closing.
Why Choose a Mortgage Lender in Cable?
Local Market Knowledge
Lenders who understand Cable'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 Cable and get competitive rates on your home loan.