The Best Mortgage Lenders in Chester, OH
Compare verified mortgage lenders serving Chester, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Chester
Featured Mortgage Lenders
Michael E. Bissell
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a nationally recognized lender with strong local presence in Northeast Ohio. Michael Bissell's Canton-based team serves Chester and surrounding areas with exceptional customer service and competitive rates. With over two decades of experience, they specialize in guiding clients through the entire mortgage process with personalized attention. Their high rating reflects consistent customer satisfaction and expertise in various loan programs including government-backed options and specialized financing for unique property types common in rural areas like Chester.
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Jason Reed
Howard Hanna Financial Services
Howard Hanna Financial Services operates as part of the largest full-service residential real estate company in the Northeast Ohio region. Jason Reed and his team have built a strong reputation for providing comprehensive mortgage solutions to Chester area residents. Their local expertise combined with the backing of a major regional real estate network allows for streamlined home buying experiences. They're particularly known for their construction and renovation loan expertise, which is valuable in Chester's mixed rural and developing areas.
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Brent Robinson
Union Home Mortgage Corp.
Union Home Mortgage is an Ohio-based direct lender with deep roots in the state and strong presence in Northeast Ohio serving Chester residents. Brent Robinson's team provides localized service with the backing of a company that originates and services loans directly. They're particularly strong in portfolio lending and customized solutions for unique financial situations. Their long-standing reputation in Ohio (founded in 1971) and direct lending capabilities often result in competitive rates and efficient processing for clients in rural communities like Chester.
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Frequently Asked Questions
Common questions about mortgage lending in Chester, OH
What are the typical down payment requirements for homes in Chester, OH, given its rural market?
In Chester's more affordable rural market, many conventional loans can be secured with a 5% down payment, and FHA loans with just 3.5% down are common. For properties on larger lots or with acreage, some lenders may require a slightly higher down payment (10-20%) due to the unique nature of the collateral. It's advisable to work with a lender familiar with the local real estate to get precise requirements.
Are there any special mortgage programs for first-time homebuyers in Chester, OH?
Yes, Ohio offers the "Grants for Grads" program, which can be beneficial for recent college graduates moving to areas like Chester, providing up to 5% of the purchase price in a forgivable second mortgage. Additionally, the Ohio Housing Finance Agency (OHFA) offers 30-year fixed-rate mortgages with competitive rates and down payment assistance, which are accessible to eligible buyers in all Ohio counties, including Columbiana County.
How do property taxes in Columbiana County impact my mortgage payment in Chester?
Columbiana County has relatively moderate property tax rates compared to urban Ohio areas. Your lender will estimate these taxes for your escrow account based on the assessed value of the home. It's crucial to get a clear understanding of the current tax bill from the seller, as taxes can vary between townships, and this will directly affect your total monthly mortgage payment (PITI).
What should I know about getting a mortgage for a home with well and septic in Chester?
Financing a home with a private well and septic system is common in Chester. Lenders will typically require a water quality test and a septic inspection to ensure the systems are functioning properly before approving the loan. FHA and USDA loans have specific, mandatory requirements for these tests, so factor in the cost and time for these inspections during your purchase process.
Is a USDA Rural Development loan a good option for buying a home in Chester, OH?
Absolutely. Chester is located in an area eligible for USDA loans, which offer 100% financing (no down payment) for qualified buyers with moderate incomes. This is an excellent program for the area, as it's specifically designed for rural communities. You must purchase a home that meets USDA property standards, which most single-family homes in Chester will.
Why Choose a Mortgage Lender in Chester?
Local Market Knowledge
Lenders who understand Chester'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 Chester and get competitive rates on your home loan.