The Best Mortgage Lenders in Commercial Point, OH
Compare verified mortgage lenders serving Commercial Point, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Commercial Point
Featured Mortgage Lenders
Mortgage Specialist
Huntington National Bank
As one of Ohio's most established financial institutions with deep roots in Central Ohio, Huntington Bank consistently ranks among the top mortgage lenders in the Commercial Point area. They offer highly competitive rates and maintain strong local relationships with real estate professionals throughout Pickaway and Franklin counties. Their mortgage specialists provide personalized service with extensive knowledge of the local housing market, making them a preferred choice for both first-time homebuyers and experienced investors in the Commercial Point region.
Loan Types:
Loan Officer
CrossCountry Mortgage
CrossCountry Mortgage's Worthington office serves the Commercial Point area with exceptional customer service and highly competitive mortgage products. They consistently receive top ratings for their responsive communication and streamlined application process. Their local loan officers have extensive experience with Central Ohio's unique market conditions and specialize in helping clients navigate the competitive real estate environment around Commercial Point and surrounding communities.
Loan Types:
Mortgage Advisor
Third Federal Savings & Loan
Third Federal has been serving Ohio homeowners for over 80 years and maintains a strong presence throughout Central Ohio, including Commercial Point. Known for their consistently low rates and transparent fee structure, they've built a reputation for reliability and customer satisfaction. Their Columbus-based mortgage team provides personalized service with deep understanding of the local market dynamics in Pickaway County and surrounding areas, offering particularly strong options for refinancing and low down payment programs.
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Frequently Asked Questions
Common questions about mortgage lending in Commercial Point, OH
What are typical down payment requirements for homes in Commercial Point, given its market?
For the moderately priced homes common in Commercial Point, conventional loans often require 5-10% down. However, many local lenders encourage buyers to explore FHA loans (3.5% down) or USDA loans, as parts of the area may qualify for the USDA's rural housing program with 0% down, making homeownership more accessible in this community.
Are there any local or county-specific first-time homebuyer programs available in Commercial Point?
Yes, homebuyers in Commercial Point can access the "Your Choice! Down Payment Assistance" program through the Ohio Housing Finance Agency (OHFA). This statewide program offers a grant of 2.5% or 5% of the loan amount for down payment and closing costs, which is particularly helpful in Pickaway County's competitive entry-level market.
How do property taxes in Pickaway County affect my mortgage payment in Commercial Point?
Pickaway County has relatively moderate property tax rates compared to the broader Columbus metro area. Your lender will calculate an escrow payment based on the county's effective rate, which typically adds a manageable amount to your monthly payment. It's wise to get a precise quote from the county auditor when budgeting.
What type of home appraisal challenges are common in Commercial Point?
Appraisals in Commercial Point can sometimes be complicated by the mix of newer subdivisions and older, rural properties. Appraisers must find good comparable sales ("comps") in a smaller market, which can occasionally lead to valuation discrepancies, especially for unique properties. Working with a lender familiar with the local Pickaway County market is advantageous.
Does Commercial Point's location near major highways influence lender considerations?
Absolutely. Commercial Point's proximity to I-71 and Rickenbacker International Airport is viewed positively by lenders, as it supports stable property values and commuting viability to Columbus. This can sometimes translate to favorable terms, as the area is not seen as a remote risk but rather a connected, growing community within the Columbus MSA.
Nearby Cities
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Why Choose a Mortgage Lender in Commercial Point?
Local Market Knowledge
Lenders who understand Commercial Point'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 Commercial Point and get competitive rates on your home loan.