The Best Mortgage Lenders in Chauncey, OH
Compare verified mortgage lenders serving Chauncey, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Chauncey
Featured Mortgage Lenders
Hocking Valley Bank
Hocking Valley Bank
Hocking Valley Bank is a highly respected community bank serving Southeast Ohio for over 135 years, making them one of the most established and trusted mortgage lenders in the Chauncey area. Their local underwriting and decision-making process allows for personalized service and competitive rates. They specialize in first-time homebuyer programs and offer a full range of mortgage products with the advantage of local loan servicing. Their exceptional 4.8 rating reflects consistent customer satisfaction and deep community involvement throughout Athens County and surrounding areas.
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Union Savings Bank
Union Savings Bank
Union Savings Bank has been serving Southeast Ohio communities for nearly a century with a strong reputation for mortgage lending excellence. While based in Logan, they actively serve the Chauncey and Athens County markets with competitive rates and personalized service. Their mortgage team provides local decision-making and understands the unique aspects of the regional housing market. With a 4.7 rating across multiple review platforms, customers consistently praise their responsive service, straightforward process, and commitment to finding the right mortgage solution for each borrower's needs.
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Quicken Loans
Quicken Loans (Rocket Mortgage)
As America's largest mortgage lender, Quicken Loans (operating as Rocket Mortgage) provides extensive digital mortgage services to Chauncey and throughout Ohio. Their fully online platform offers competitive rates, rapid approval processes, and 24/7 accessibility. While headquartered in Detroit, they maintain strong licensing and operations in Ohio with dedicated loan officers familiar with the local market. Their massive review volume and consistent 4.7+ ratings demonstrate reliable service and customer satisfaction nationwide. They're particularly strong for refinancing and offer a wide variety of loan programs with transparent pricing.
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Frequently Asked Questions
Common questions about mortgage lending in Chauncey, OH
What are typical down payment requirements for homes in Chauncey, given its more affordable market?
In Chauncey's market, where median home prices are well below state and national averages, many conventional loans can be secured with a 3-5% down payment. For a home priced around $100,000, this translates to an initial investment of just $3,000-$5,000. Local lenders are often familiar with appraisals in the area and can guide buyers on ensuring their down payment aligns with the home's value.
Are there any local or county-specific first-time homebuyer programs available for Chauncey residents?
Yes, Athens County, where Chauncey is located, is served by the **Athens County Housing** agency, which offers down payment and closing cost assistance programs for income-eligible first-time buyers. Additionally, the statewide **Ohio Housing Finance Agency (OHFA)** programs are widely accessible in Chauncey, offering competitive rates, down payment assistance, and tax credits to qualified buyers purchasing in the area.
How does the property tax structure in Chauncey and Athens County impact my monthly mortgage payment?
Athens County has relatively moderate property tax rates compared to many urban Ohio counties. Your lender will calculate an escrow payment for taxes as part of your monthly mortgage payment. It's crucial to get an accurate estimate, as taxes can vary between the Village of Chauncey and surrounding unincorporated areas, but they generally remain affordable and predictable for budgeting purposes.
What should I know about getting a mortgage for older or historic homes in Chauncey?
Chauncey has many charming, older homes. Securing a mortgage for these properties may require a specialized appraisal to ensure the home meets lending standards. Programs like the FHA 203(k) renovation loan can be particularly valuable here, allowing you to finance both the purchase and necessary updates. A local lender with experience in the area will be essential for navigating this process smoothly.
Are USDA rural housing loans a viable option for mortgages in Chauncey, Ohio?
Absolutely. Chauncey is designated as an eligible rural area by the USDA, making **USDA loans** a popular and attractive option. These loans offer 100% financing (no down payment) for qualified buyers with moderate incomes, which can be a significant advantage in this market. This program is specifically designed for communities like Chauncey to promote homeownership.
Why Choose a Mortgage Lender in Chauncey?
Local Market Knowledge
Lenders who understand Chauncey'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 Chauncey and get competitive rates on your home loan.