The Best Mortgage Lenders in Chesapeake, OH
Compare verified mortgage lenders serving Chesapeake, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Chesapeake
Featured Mortgage Lenders
Jason Stephens
Paramount Bank Mortgage
Paramount Bank has established itself as a premier regional mortgage lender serving the Tri-State area including Chesapeake, Ohio. With over 25 years of experience, they offer personalized service and competitive rates across all loan types. Their local underwriting and decision-making process allows for faster closings and more flexible lending criteria. The mortgage team, led by experienced professionals like Jason Stephens, provides exceptional customer service with deep knowledge of the local real estate market. They consistently receive outstanding reviews for their responsiveness, transparency, and ability to handle complex mortgage scenarios.
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Mortgage Department
WesBanco Bank
WesBanco has a strong physical presence in Chesapeake with a local branch and deep roots in the community spanning over 150 years. As a full-service community bank, they offer comprehensive mortgage solutions with the advantage of local decision-making and personalized service. Their mortgage specialists understand the unique aspects of the Chesapeake and Lawrence County housing markets. Customers consistently praise their competitive rates, straightforward process, and the convenience of having local banking and mortgage services under one roof. They excel at first-time homebuyer programs and offer various community-focused lending initiatives.
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Chris Perry
Primary Residential Mortgage, Inc.
Primary Residential Mortgage operates throughout the Tri-State area with a strong presence in communities surrounding Chesapeake, Ohio. Led by experienced mortgage professionals with decades of combined experience, they provide exceptional service and competitive pricing. The company receives consistently outstanding reviews for their communication, efficiency, and ability to close loans on time. They offer a wide range of loan products and have particular expertise in VA and FHA lending, making them an excellent choice for military families and first-time homebuyers. Their local expertise combined with national lending resources provides the best of both worlds for Chesapeake area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Chesapeake, OH
What are the current mortgage rates like in Chesapeake, OH, and how do they compare to state averages?
Mortgage rates in Chesapeake typically align closely with Ohio's statewide averages, as it's a smaller market influenced by national trends. However, local lenders may offer competitive rates due to the community-focused banking environment. It's wise to compare offers from both local credit unions, like River Cities Bank, and national lenders to secure the best rate for your situation.
Are there any down payment assistance programs specifically for homebuyers in Chesapeake, OH?
Yes, homebuyers in Chesapeake can access Ohio's statewide programs, such as Ohio Heroes and the Grants for Grads program, which are widely utilized here. Additionally, the Ohio Housing Finance Agency (OHFA) offers down payment assistance for eligible buyers, which can be a significant help in Chesapeake's affordable market. Working with a local lender familiar with these programs is key to navigating the application process.
How does Chesapeake's proximity to Huntington, WV, and Ashland, KY, impact mortgage lending and property appraisal?
Chesapeake's tri-state area location means appraisers often use comparable sales ("comps") from across the river in Huntington or nearby Kentucky, which can influence property valuations. Lenders in Chesapeake are accustomed to this dynamic and understand the regional market. This can sometimes work to a buyer's advantage, as appraised values may reflect the broader, more active housing market of the Huntington metro area.
What should I know about flood insurance and mortgage requirements in Chesapeake, given its Ohio River location?
This is a critical local consideration. Properties in certain low-lying areas or near the Ohio River may be in FEMA-designated flood zones, which would require separate flood insurance as a condition of your mortgage. Lenders will order a flood certification during the loan process. It's essential to factor this potential additional cost into your budget when looking at homes in Chesapeake.
As a first-time homebuyer in Chesapeake, what type of mortgage loan is most common and suitable for the local market?
Given Chesapeake's relatively modest home prices compared to national averages, conventional loans and FHA loans are both very popular and practical choices for first-time buyers. USDA loans are also a potential option for eligible properties in the more rural outskirts of the city. A local mortgage broker can help you determine which loan best leverages the area's affordability and your financial profile.
Nearby Cities
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Why Choose a Mortgage Lender in Chesapeake?
Local Market Knowledge
Lenders who understand Chesapeake'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 Chesapeake and get competitive rates on your home loan.