The Best Mortgage Lenders in Custar, OH
Compare verified mortgage lenders serving Custar, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Custar
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated national lender with a strong local presence in Northwest Ohio, serving rural communities like Custar. They are particularly noted for their expertise in USDA loans, which are ideal for the Custar area, and offer personalized service through local loan officers. With an excellent 4.8 rating from hundreds of reviews, they provide competitive rates and a wide range of loan products. Their Findlay office is conveniently located to serve Wood County residents and they have extensive experience with agricultural and rural property financing.
Loan Types:
First Federal Lakewood
First Federal Lakewood
First Federal Lakewood has been serving Northwest Ohio communities for over 85 years with a strong reputation for customer service and community involvement. While headquartered in Lakewood, they maintain multiple branches throughout the region including Findlay, which serves the Custar area. They specialize in first-time homebuyer programs and offer competitive rates with local decision-making. Their 4.7 rating reflects consistent customer satisfaction, and they're particularly known for their construction and renovation loan expertise, which is valuable in rural areas like Custar.
Loan Types:
Third Federal Savings & Loan
Third Federal Savings and Loan Association
Third Federal Savings & Loan is a well-established Ohio-based lender with a strong presence throughout the state, including service to Wood County and Custar area residents. With an 85-year history and conservative lending practices, they offer exceptional stability and reliability. They are particularly noted for their low-rate promise and unique Mortgage Plus product that combines first mortgage and home equity features. Their 4.6 rating from hundreds of reviews demonstrates consistent customer satisfaction, and they have specialized expertise in serving Ohio's diverse housing markets from urban to rural communities.
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Frequently Asked Questions
Common questions about mortgage lending in Custar, OH
What are the typical down payment requirements for buying a home in Custar, Ohio?
In Custar and surrounding Wood County, many conventional loans require a 5-10% down payment, but you may qualify for a USDA Rural Development loan with 0% down, as the area is eligible. FHA loans with 3.5% down are also common for the area's moderately priced homes. Local lenders are familiar with these programs and can guide you based on your specific property location.
Are there any special first-time homebuyer programs or grants available specifically for Custar residents?
Yes, the Ohio Housing Finance Agency (OHFA) offers statewide programs like grants for down payment assistance, which are accessible to Custar buyers. Additionally, some local lenders and credit unions in Northwest Ohio may offer special first-time buyer programs or community development loans tailored to smaller towns like Custar. It's best to consult with a local mortgage broker who knows these regional resources.
How do property taxes in Custar, Ohio, impact my monthly mortgage payment?
Property taxes in Custar and Bloom Township (Wood County) are relatively moderate compared to urban areas, which helps keep escrow payments manageable. The current effective tax rate is approximately 1.1% to 1.3% of the home's assessed value. Your lender will factor this into your PITI (Principal, Interest, Taxes, Insurance) calculation, and it's wise to confirm the exact tax amount for a specific property before finalizing your budget.
What type of property appraisal challenges are common in the Custar real estate market?
Given Custar's rural setting and smaller pool of comparable home sales ("comps"), appraisals can sometimes be a challenge. Appraisers may need to look at recent sales in nearby towns like Bowling Green or Wayne to establish value. Working with a lender experienced in rural Northwest Ohio can help, as they understand how to properly underwrite loans in markets with fewer transactions.
Is homeowner's insurance more expensive for mortgages in Custar due to its rural location?
Insurance costs in Custar are generally affordable, but lenders will require coverage for specific risks common to the area. These include coverage for detached structures (like barns or large sheds) and potentially for sump pump/sewer backup due to the flat, agricultural landscape. Shopping with local insurance agents who understand the region can help you find the right coverage at a competitive rate to satisfy your lender's requirements.
Why Choose a Mortgage Lender in Custar?
Local Market Knowledge
Lenders who understand Custar'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 Custar and get competitive rates on your home loan.