The Best Mortgage Lenders in De Graff, OH
Compare verified mortgage lenders serving De Graff, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in De Graff
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Ohio, serving De Graff and surrounding areas. Known for its competitive rates and efficient online application process, the company has built a reputation for high customer satisfaction and transparency. With over two decades of experience, they offer a wide range of loan options and have received numerous industry awards for their service. Their local office in Columbus ensures personalized support for clients in rural communities like De Graff, making them a reliable choice for homebuyers seeking flexibility and speed.
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New American Funding
New American Funding, LLC
New American Funding is a highly regarded mortgage lender that actively serves De Graff and the wider Ohio region, with a focus on inclusive lending and community outreach. Founded in 2003, the company has earned strong ratings for its customer-centric approach, offering specialized programs for first-time homebuyers and diverse borrowers. Their local Dayton office provides accessible support, and they are praised for competitive rates, educational resources, and a streamlined approval process. With thousands of positive reviews, they are a trusted option for residents in smaller towns like De Graff.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender with a significant regional presence in Ohio, including service to De Graff, known for its fast closings and community involvement. Established in 2008, the company combines technology with personal service to offer competitive mortgage solutions, and they have consistently high ratings for customer satisfaction. Their Cincinnati office supports clients across rural areas, providing tailored advice and a variety of loan products. Movement is celebrated for its philanthropic efforts and responsive support, making it an excellent choice for homebuyers in the De Graff area seeking reliability and local expertise.
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Frequently Asked Questions
Common questions about mortgage lending in De Graff, OH
What are typical down payment requirements for homes in De Graff, OH, given the local market?
In De Graff's affordable market, many conventional loans require a 5% down payment, but government-backed loans like FHA (3.5% down) and USDA (0% down) are very popular due to the area's rural designation. Local lenders are familiar with these programs, which are well-suited to the village's median home prices, allowing for lower upfront costs compared to urban areas.
Are there any local or county-specific first-time homebuyer programs available in Logan County for De Graff residents?
Yes, the Logan County Land Bank occasionally offers side lot programs and rehabilitation opportunities, which can be paired with statewide programs. The Ohio Housing Finance Agency (OHFA) offers first-time buyer grants and competitive rate loans, which are widely accessible in De Graff and can provide significant assistance with down payment and closing costs.
How does De Graff's rural location impact the mortgage process, like appraisals and inspections?
As a rural village, appraisals may take slightly longer as appraisers often travel from larger nearby cities like Bellefontaine or Springfield. Well and septic inspections are standard and crucial parts of the process here, unlike in city sewer/water systems, and lenders will require these to meet specific health department standards.
What type of property insurance considerations are unique to a De Graff, OH, mortgage?
Given De Graff's location in the Midwest, lenders will require standard homeowners insurance, but you should strongly consider additional flood insurance. While not always in a high-risk zone, parts of Logan County are prone to flooding from the nearby Great Miami River watershed, which can affect insurance requirements and costs.
Are mortgage rates in De Graff different from the national average, and what local factors influence them?
Mortgage rates are primarily set by national markets, so De Graff rates align with national averages. However, your specific rate will be influenced by local factors like the choice of a community bank or credit union versus a national lender, and your property's appraisal value in De Graff's stable but modest market. Shopping local lenders can sometimes yield competitive relationship-based discounts.
Why Choose a Mortgage Lender in De Graff?
Local Market Knowledge
Lenders who understand De Graff'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 De Graff and get competitive rates on your home loan.