The Best Mortgage Lenders in Collins, OH
Compare verified mortgage lenders serving Collins, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Collins
Featured Mortgage Lenders
Scott Broermann
Union Savings Bank
Union Savings Bank is a highly-rated regional bank with deep roots in Southwest Ohio, serving Collins and surrounding communities for over a century. They maintain exceptional 4.8-star ratings across multiple review platforms with particular praise for their personalized service and competitive rates. As a community-focused institution, they offer comprehensive mortgage solutions including specialized construction loans ideal for rural areas like Collins. Their mortgage team, led by experienced professionals like Scott Broermann, provides local underwriting decisions and dedicated customer service throughout the entire loan process.
Loan Types:
Mortgage Department
Kemba Credit Union
Kemba Credit Union has been serving Southwest Ohio communities for over 85 years with outstanding mortgage services specifically designed for members in rural and suburban areas. They consistently earn 4.7-star ratings for their competitive rates, low fees, and exceptional member service. Kemba offers specialized USDA rural development loans perfectly suited for Collins residents, along with comprehensive first-time homebuyer programs. Their mortgage team provides personalized guidance through every step of the home financing process, with local decision-making and deep understanding of the regional housing market.
Loan Types:
Ryan Brown
Guardian Savings Bank
Guardian Savings Bank brings over a century of mortgage lending expertise to Southwest Ohio, with specialized services for rural communities like Collins. They maintain strong 4.6-star ratings for their responsive service and competitive loan products. Particularly notable is their expertise in construction and lot loans, making them an excellent choice for Collins residents looking to build or purchase land. Their local underwriting team understands the unique aspects of rural property financing and offers personalized service with quick turnaround times. They have built a strong reputation for reliability and community commitment throughout the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Collins, OH
What are the typical down payment requirements for homes in Collins, OH, given its rural market?
In Collins' more affordable rural market, many conventional loans are available with down payments as low as 3-5%. For the area's median home price, this translates to a very manageable upfront cost. Local lenders are also familiar with USDA Rural Development loans, which offer 0% down payment options for eligible buyers and properties in Huron County.
Are there any local or county-specific first-time homebuyer programs available in Collins?
Yes, homebuyers in Collins should explore the **Huron County Land Reutilization Corporation's (Land Bank) Homeownership Program**. This initiative can provide down payment and closing cost assistance for qualifying buyers purchasing a renovated Land Bank property. Additionally, the statewide **Ohio Housing Finance Agency (OHFA)** programs are widely accessible and offer competitive rates and grants.
How do property taxes in Huron County impact my mortgage payment and qualification?
Huron County has relatively moderate property tax rates compared to urban Ohio counties. When calculating your debt-to-income ratio (DTI), lenders will use an estimated monthly tax payment based on the county's effective rate. It's wise to request a tax history for any property you're considering, as taxes can vary between townships.
What type of home appraisals are common for Collins' mix of older homes and agricultural properties?
Appraisals in Collins often require specialized knowledge due to the prevalence of older farmhouses, homes on larger lots, and properties with outbuildings. Lenders will typically order an appraisal that includes comparisons to similar rural properties, which may be farther apart geographically. Unique features like acreage or barns are carefully evaluated.
Is homeowner's flood insurance typically required by lenders for properties in Collins, OH?
Due to Collins' location and generally flat terrain in parts of Huron County, some properties may be in designated flood zones, especially near creeks or low-lying areas. Your lender will order a Flood Zone Determination as part of the process. If the property is in a Special Flood Hazard Area (SFHA), flood insurance will be a mandatory condition of your mortgage.
Why Choose a Mortgage Lender in Collins?
Local Market Knowledge
Lenders who understand Collins'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 Collins and get competitive rates on your home loan.