The Best Mortgage Lenders in Columbus, OH
Compare verified mortgage lenders serving Columbus, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Columbus
Featured Mortgage Lenders
Huntington National Bank Mortgage
Huntington National Bank
As a Columbus-based regional banking powerhouse, Huntington National Bank offers exceptional mortgage services with deep local market expertise. They consistently receive top ratings for their competitive rates, personalized service, and extensive branch network throughout Central Ohio. Their mortgage specialists provide comprehensive guidance through the entire homebuying process, with special programs for first-time homebuyers and flexible loan options. Their long-standing community presence and commitment to Ohio homeowners make them a premier choice for Columbus residents seeking reliable mortgage financing.
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Kemba Credit Union Mortgage
Kemba Financial Credit Union
Kemba Credit Union has built an outstanding reputation in the Columbus mortgage market with exceptional customer satisfaction ratings and competitive rates for members. As a community-focused financial institution, they offer personalized mortgage solutions with local underwriting and decision-making. Their mortgage team provides comprehensive guidance through every step of the process, with special expertise in first-time homebuyer programs and flexible loan options. Members consistently praise their responsive service, transparent communication, and commitment to finding the best mortgage solutions for individual needs.
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Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage has established itself as a top-rated mortgage lender serving the Columbus metropolitan area with exceptional service and extensive loan expertise. As an Ohio-based company with national reach, they combine local market knowledge with comprehensive lending capabilities. Their team of experienced loan officers provides personalized guidance and competitive rates, with particular strength in construction loans and renovation financing. Customers consistently highlight their efficient processing, clear communication, and ability to handle complex mortgage scenarios while maintaining excellent customer service throughout the entire loan process.
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Frequently Asked Questions
Common questions about mortgage lending in Columbus, OH
Are there any special first-time homebuyer programs available in Columbus, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers several programs for Columbus buyers, including down payment assistance grants and competitive first-time homebuyer mortgage rates. Additionally, the City of Columbus itself administers the "American Dream Downpayment Initiative" (ADDI) program, which provides forgivable loans for down payment and closing costs to income-eligible buyers in targeted neighborhoods.
How do property taxes in Franklin County affect my mortgage payments in Columbus?
Franklin County property taxes are typically higher than the national average and are a significant component of your monthly escrow payment. The county's effective tax rate is around 1.5% to 1.8% of the home's assessed value. Your lender will calculate this into your Debt-to-Income (DTI) ratio, so it's crucial to budget for this when determining how much house you can afford in the Columbus market.
What is a typical down payment percentage for a conventional loan in Columbus's competitive housing market?
While 20% down is ideal to avoid Private Mortgage Insurance (PMI), many Columbus buyers successfully purchase with 3%, 5%, or 10% down, especially with the market's relative affordability compared to coastal cities. However, in competitive bidding situations, a stronger down payment (10% or more) can make your offer more attractive to sellers, as it signals greater financial stability to lenders and sellers alike.
Are there specific mortgage considerations for buying in Columbus's popular neighborhoods like German Village or Clintonville?
Yes, homes in historic districts like German Village may require a specialized renovation loan (like an FHA 203(k) or Fannie Mae HomeStyle® loan) if they need significant updates, as they often have older systems. Furthermore, appraisals in these high-demand, unique neighborhoods can be more complex, so working with a lender experienced in Columbus's local market nuances is highly recommended.
How do interest rates for mortgages in Columbus compare to national averages?
Columbus mortgage rates generally align closely with national averages, as they are driven by broader economic factors. However, your specific rate will depend heavily on your credit profile, loan type, and lender. Shopping around with local credit unions, regional banks, and national lenders operating in Columbus is key, as some may offer special promotions or have a deeper understanding of local property values.
Why Choose a Mortgage Lender in Columbus?
Local Market Knowledge
Lenders who understand Columbus'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 Columbus and get competitive rates on your home loan.