The Best Mortgage Lenders in Decatur, OH
Compare verified mortgage lenders serving Decatur, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Decatur
Featured Mortgage Lenders
Fifth Third Bank Mortgage
Fifth Third Bank, National Association
Fifth Third Bank stands as one of Ohio's most established and reliable mortgage lenders with extensive experience serving rural communities like Decatur. As a major regional bank with deep roots in Ohio since 1858, they offer comprehensive mortgage solutions with competitive rates and personalized service. Their digital mortgage application process combined with local branch support makes them particularly accessible for Decatur residents. They consistently receive high marks for their USDA rural development loans, which are ideal for many properties in Adams County, and their mortgage specialists have specific expertise working with the unique needs of Ohio's rural homebuyers.
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Union Savings Bank Mortgage
Union Savings Bank
Union Savings Bank has built an exceptional reputation for mortgage lending throughout Southern Ohio, including strong service in Adams County communities like Decatur. With over a century of community banking experience, they specialize in understanding the unique needs of rural homebuyers and offer particularly strong USDA loan programs. Their mortgage team receives consistent praise for responsive communication and guiding borrowers through complex rural property transactions. They maintain competitive rates while providing the personalized attention of a community bank, making them an excellent choice for Decatur residents seeking both expertise and local understanding.
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Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage brings national strength with local expertise to serve Decatur and surrounding Adams County communities. With specialized programs for rural homebuying and extensive experience with USDA loans, they're particularly well-suited for the Decatur market. Their Cincinnati-based team has deep knowledge of Southern Ohio's rural property landscape and maintains strong relationships with local real estate professionals. Customers consistently praise their educational approach to mortgage lending and their ability to navigate complex rural property scenarios. Guild's long-standing reputation for customer service and their comprehensive loan product menu make them a top contender for Decatur home financing needs.
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Frequently Asked Questions
Common questions about mortgage lending in Decatur, OH
What are the typical down payment requirements for homes in Decatur, OH, given the local market?
In Decatur's relatively affordable market, many conventional loans require a 3-5% down payment. For FHA loans, which are popular here, the minimum is 3.5%. Local lenders are familiar with the appraised values of properties in Brown County and can guide you on the specific amount needed for your target home.
Are there any local or county-specific first-time homebuyer assistance programs available in Decatur?
While Decatur itself does not have a city-run program, Brown County and the State of Ohio offer key resources. The **Ohio Housing Finance Agency (OHFA)** provides down payment assistance grants and competitive first-time buyer mortgage rates. It's also wise to check with local credit unions, like the Brown County Educational Credit Union, for potential community programs.
How do property taxes in Brown County impact my mortgage payments in Decatur?
Brown County has property tax rates that are generally moderate compared to urban Ohio counties. Your lender will calculate an escrow payment as part of your monthly mortgage to cover these taxes. It's crucial to get an accurate estimate, as taxes can vary between townships, affecting your total monthly housing cost.
What type of property inspections or considerations are especially important for a mortgage in Decatur due to the rural setting?
For many homes in and around Decatur, well and septic systems are common. Your mortgage lender will likely require a satisfactory water quality test and a septic system inspection to approve the loan, as these are critical for the property's habitability and value. USDA loans, which are relevant in this area, may have specific requirements.
Is a USDA Rural Development loan a good option for buying a home in Decatur, OH?
Yes, Decatur is located in an area eligible for USDA loans, which offer 100% financing (no down payment). This can be an excellent option for eligible buyers with moderate incomes looking at properties in the more rural parts of Brown County. A local mortgage broker can confirm the specific eligibility of your chosen property.
Nearby Cities
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Why Choose a Mortgage Lender in Decatur?
Local Market Knowledge
Lenders who understand Decatur'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 Decatur and get competitive rates on your home loan.