The Best Mortgage Lenders in Chesterville, OH
Compare verified mortgage lenders serving Chesterville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Chesterville
Featured Mortgage Lenders
Kemba Credit Union Mortgage Team
Kemba Credit Union
Kemba Credit Union has been serving Ohio communities for over 85 years with an exceptional reputation for mortgage lending. While headquartered in Columbus, they serve members throughout Ohio including the Chesterville area. They consistently receive top ratings for their personalized service, competitive rates, and extensive educational resources for first-time homebuyers. Their mortgage team provides local underwriting and decision-making, ensuring a smooth closing process with excellent customer satisfaction ratings across multiple review platforms.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has a strong Ohio presence with multiple offices serving the Chesterville region. They are particularly noted for their wide range of loan programs and exceptional customer service. The company maintains high standards for communication and transparency throughout the mortgage process. With local loan officers who understand the central Ohio market, they provide competitive rates and flexible solutions for various financial situations, earning them consistently high customer satisfaction ratings and industry recognition.
Loan Types:
Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage is an Ohio-based lender with deep roots in the state and comprehensive service coverage throughout central Ohio, including Chesterville. They combine the personalized service of a local lender with the resources of a national company. Specializing in both purchase and refinance transactions, they are particularly strong in construction and renovation lending. Their local expertise in Ohio real estate markets, combined with competitive pricing and efficient processing, makes them a top choice for borrowers seeking reliable mortgage solutions with strong local support.
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Frequently Asked Questions
Common questions about mortgage lending in Chesterville, OH
Are there any special first-time homebuyer programs available specifically for Chesterville, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, including grants for down payment assistance, which are accessible to Chesterville buyers. Additionally, local lenders often have relationships with community programs that can provide favorable terms for first-time buyers purchasing in smaller Ohio towns like Chesterville, sometimes with more flexible credit requirements.
How do property taxes in Chesterville impact my monthly mortgage payment?
Property taxes in Morrow County, where Chesterville is located, are generally lower than the Ohio state average, which can positively affect your total monthly payment. However, it's crucial to get an accurate estimate from the Morrow County Auditor's Office, as taxes are factored into your escrow account and can vary based on the specific township and any local levies.
What is the typical down payment required for a mortgage on a home in Chesterville's market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Chesterville utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's relatively affordable home prices. Local lenders are familiar with appraisals in this rural market and can guide you on the minimum needed for your specific purchase.
Does Chesterville's rural location affect mortgage lender options or interest rates?
Chesterville's rural setting means fewer physical bank branches, but you have full access to regional and national lenders online or in nearby Mount Gilead or Marion. Interest rates are primarily set by national markets, so you won't be penalized for the location, but working with a lender experienced in rural Ohio properties can streamline the appraisal and closing process.
Are USDA loans a viable option for mortgages in Chesterville, OH?
Absolutely. Given Chesterville's designation as a rural area by the USDA, many homes qualify for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment) for eligible borrowers. This is a highly attractive program for the area, but income limits and property eligibility must be verified with a participating lender.
Nearby Cities
Explore mortgage lenders in cities near Chesterville, OH
Why Choose a Mortgage Lender in Chesterville?
Local Market Knowledge
Lenders who understand Chesterville'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 Chesterville and get competitive rates on your home loan.