The Best Mortgage Lenders in Creston, OH
Compare verified mortgage lenders serving Creston, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Creston
Featured Mortgage Lenders
Mortgage Department
People's Bank
People's Bank is a highly-rated regional financial institution with deep roots in Northeast Ohio, serving Creston and surrounding Wayne County communities. With over a century of banking experience, their mortgage team earns exceptional customer satisfaction ratings for personalized service and competitive rates. They offer comprehensive loan options including specialized programs for first-time homebuyers and local construction projects, with dedicated local loan officers who understand the Creston area market dynamics.
Loan Types:
Mortgage Lending Team
First Federal Lakewood
First Federal Lakewood maintains a strong presence throughout Northeast Ohio with multiple branches serving the Creston area. As a community-focused lender with decades of experience, they consistently receive high marks for customer service and competitive mortgage products. Their local loan officers provide personalized guidance through the entire home financing process, offering special first-time homebuyer programs and flexible underwriting that benefits Creston area residents.
Loan Types:
Mortgage Advisor
Quicken Loans/Rocket Mortgage
While headquartered in Detroit, Rocket Mortgage (formerly Quicken Loans) serves Creston, Ohio residents with their highly efficient digital mortgage platform and extensive loan options. As the nation's largest mortgage lender, they maintain excellent customer satisfaction ratings for their streamlined application process, competitive rates, and responsive service. Their experienced mortgage advisors provide comprehensive support for Ohio homebuyers, offering quick pre-approvals and a wide range of loan products tailored to individual financial situations.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Creston, OH
Are there any special mortgage programs for first-time homebuyers in Creston, OH?
Yes, Creston homebuyers can access statewide programs like the Ohio Housing Finance Agency's (OHFA) "Your Choice! Down Payment Assistance," which offers 2.5% or 5% of the home's purchase price as a grant or forgivable loan. Local lenders familiar with the Creston market are well-versed in these programs, which are particularly valuable given the area's median home prices. Eligibility often includes income limits, credit score requirements, and completing a homebuyer education course.
How does Creston's rural location impact the mortgage appraisal process?
Due to Creston's rural setting in Wayne County, appraisals can be more complex as comparable home sales ("comps") may be fewer and farther between than in urban areas. This can sometimes lead to appraisal gaps if recent sales data is limited. Working with a local lender who uses appraisers experienced with rural Ohio properties is crucial to ensure a smooth and accurate valuation process.
What are typical property taxes like for a mortgage in Creston, and how do they affect my payment?
Property taxes in Creston and the surrounding Canaan Township are relatively moderate for Ohio. The effective tax rate is typically around 1.3% to 1.5% of the home's assessed value. Your lender will calculate an estimated monthly escrow payment for these taxes, which is a significant component of your total monthly mortgage payment (PITI). It's wise to get a precise quote from the Wayne County Auditor's office when budgeting.
Are USDA Rural Development loans a viable option for mortgages in Creston, OH?
Absolutely. Creston's designation as a rural area makes most of the village and surrounding township eligible for USDA Section 502 Guaranteed Loans. This is a key local program offering 100% financing (no down payment) for qualified buyers with moderate incomes. This can be an excellent fit for the area, making homeownership more accessible given the typical household incomes in the community.
How competitive is the Creston mortgage market, and should I use a local lender?
The mortgage market is competitive with options from local community banks, credit unions, and national lenders. However, using a local lender based in Wayne or Medina Counties offers distinct advantages. They have deeper knowledge of Creston's specific property types, well and septic systems (common in the area), and can provide more personalized service, which can be critical for navigating any unique aspects of your transaction smoothly.
Nearby Cities
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Why Choose a Mortgage Lender in Creston?
Local Market Knowledge
Lenders who understand Creston'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 Creston and get competitive rates on your home loan.