The Best Mortgage Lenders in Cedarville, OH
Compare verified mortgage lenders serving Cedarville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cedarville
Featured Mortgage Lenders
Wright-Patt Credit Union Mortgage Services
Wright-Patt Credit Union
As one of Ohio's largest credit unions with deep roots in the region, Wright-Patt Credit Union serves Cedarville residents with exceptional mortgage services. They consistently earn top ratings for their competitive rates, personalized service, and community-focused approach. With multiple branch locations throughout the area including nearby Springfield, they offer comprehensive mortgage solutions with local underwriting and decision-making. Their mortgage specialists provide guidance through every step of the homebuying process, and they're particularly strong with first-time homebuyer programs and VA loans for military families.
Loan Types:
Third Federal Savings & Loan
Third Federal Savings and Loan Association
Third Federal has built an outstanding reputation across Ohio with consistent high ratings for mortgage lending. Their Dayton location serves Cedarville residents with competitive rates and low fees, particularly known for their straightforward approach and transparent pricing. They maintain strong capital reserves and offer unique features like rate protection programs. Customers consistently praise their efficient processing, knowledgeable loan officers, and commitment to keeping costs low without sacrificing service quality. Their long history and financial stability make them a trusted choice for Cedarville homebuyers.
Loan Types:
Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage has established itself as a premier mortgage lender in the Dayton/Springfield region with strong service to Cedarville. As an Ohio-based company, they understand local market conditions and provide personalized mortgage solutions. They excel in customer service with dedicated loan officers who guide clients through the entire process. Their strong reputation comes from consistent execution, competitive rates, and their ability to handle complex loan scenarios. They offer a wide range of loan products and have particularly strong relationships with local real estate professionals, making them a top choice for seamless home purchases in the Cedarville area.
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Frequently Asked Questions
Common questions about mortgage lending in Cedarville, OH
Are there any special mortgage programs for first-time homebuyers in Cedarville, Ohio?
Yes, Cedarville homebuyers can access Ohio's statewide programs like the "Grants for Grads" and "Your Choice! Down Payment Assistance." Additionally, some local lenders in partnership with the Ohio Housing Finance Agency (OHFA) offer competitive rates and down payment assistance, which is particularly helpful given the area's mix of academic and rural housing markets.
How does Cedarville's rural location and proximity to Wright-Patterson AFB influence mortgage lending?
Cedarville's rural setting may qualify some properties for USDA Rural Development loans, which offer 100% financing—a significant advantage. Furthermore, the steady employment from Cedarville University and the nearby Air Force base can provide stable income verification, which lenders view favorably during the underwriting process.
What are typical property taxes like in Cedarville, and how do they affect my mortgage payment?
Property taxes in Cedarville and Greene County are relatively moderate compared to larger Ohio metros. The current effective rate is approximately 1.1% to 1.3% of assessed value. Your lender will escrow these taxes, so when calculating your total monthly payment (PITI), expect to add roughly $150-$250 per month for a typical $200,000 home.
Is it difficult to get a mortgage for an older, historic home in Cedarville's village center?
It can present unique challenges. Older homes may require a specialized appraisal and might not meet all requirements for a conventional loan without repairs. An FHA 203(k) renovation loan or a conventional HomeStyle loan could be excellent options to finance both the purchase and necessary updates, which local lenders familiar with the area's housing stock can help navigate.
Do local Cedarville banks and credit unions offer better mortgage rates than national lenders?
Often, yes. Local institutions like Superior Credit Union or Greene County banks frequently have a strong understanding of the local real estate market and may offer competitive, personalized rates and terms. They are also more likely to portfolio loans (keep them in-house), which can provide more flexibility in underwriting for unique property situations common in a small town.
Nearby Cities
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Why Choose a Mortgage Lender in Cedarville?
Local Market Knowledge
Lenders who understand Cedarville'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 Cedarville and get competitive rates on your home loan.