The Best Mortgage Lenders in Clarington, OH
Compare verified mortgage lenders serving Clarington, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clarington
Featured Mortgage Lenders
Coshocon County Farmers
Coshocon County Farmers Community Bank
As a longstanding community bank deeply rooted in Coshocon County, Coshocon County Farmers has been serving the mortgage needs of local residents for over a century. Their exceptional 4.8 rating reflects their commitment to personalized service and community-focused lending. They offer a comprehensive range of mortgage products with competitive local rates and are particularly known for their agricultural and rural property lending expertise, making them an ideal choice for Clarington residents seeking traditional banking relationships with local decision-making.
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First Federal Community Bank
First Federal Community Bank of Dover
First Federal Community Bank maintains a strong regional presence throughout Eastern Ohio with multiple branches serving rural communities. With an impressive 4.7 rating and nearly a century of experience, they specialize in understanding the unique mortgage needs of smaller Ohio communities like Clarington. Their construction-to-permanent loan programs are particularly well-regarded, and they're known for competitive rates and flexible underwriting for local borrowers. Their Dover location provides convenient access for Clarington residents.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC - Newark Office
CrossCountry Mortgage's Newark office actively serves the Clarington area with a strong reputation for competitive rates and exceptional customer service. As a nationwide lender with local presence, they combine the resources of a large mortgage company with personalized local service. Their 4.6 rating reflects their expertise in various loan programs, particularly strong in first-time homebuyer assistance and government-backed loans. They're known for efficient processing and strong communication throughout the mortgage process, making them a popular choice for Clarington area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Clarington, OH
Are there any special mortgage programs for first-time homebuyers in Clarington, OH?
Yes, first-time homebuyers in Clarington can access Ohio's statewide "Grants for Grads" program, which offers a 2.5% or 5% grant for down payment assistance to recent college graduates. Additionally, local lenders often work with the Ohio Housing Finance Agency (OHFA) to provide competitive rates and down payment assistance, which is particularly valuable in Clarington's more affordable market compared to larger Ohio cities.
What are typical property taxes like for a mortgage in Clarington, and how do they affect my payment?
Property taxes in Monroe County, where Clarington is located, are generally moderate. The effective tax rate is typically around 1.1% to 1.4% of the home's assessed value. Lenders will escrow this amount into your monthly mortgage payment, so for a $150,000 home, you can expect to pay roughly $140-$175 per month in taxes, which is a key factor in your total monthly housing cost.
How does Clarington's rural location and smaller market impact mortgage appraisals?
Due to Clarington's small size and rural setting, finding comparable home sales ("comps") for an appraisal can sometimes be a challenge. This may require appraisers to look at properties in nearby villages like Lewisville or Woodsfield. It's wise to work with a local lender familiar with the area, as they can help ensure the appraisal accurately reflects the unique value of properties in this specific Ohio River community.
Are USDA Rural Development loans a common and good option for mortgages in Clarington, OH?
Absolutely. Given Clarington's designation as a rural area, many homebuyers qualify for USDA loans, which offer 100% financing (no down payment). This is an excellent option for eligible buyers with moderate incomes, making homeownership more accessible in this community. Local lenders are very experienced with processing these loans for the area.
What should I know about flood insurance requirements for a mortgage on a property near the Ohio River in Clarington?
This is a critical local consideration. If the property you're purchasing is in a FEMA-designated Special Flood Hazard Area (SFHA), your lender will require you to carry flood insurance as a condition of the mortgage. Even if not strictly required, given Clarington's proximity to the river, lenders may strongly recommend it. You must factor this separate premium into your overall homeownership budget.
Why Choose a Mortgage Lender in Clarington?
Local Market Knowledge
Lenders who understand Clarington'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 Clarington and get competitive rates on your home loan.