The Best Mortgage Lenders in Delaware, OH
Compare verified mortgage lenders serving Delaware, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Delaware
Featured Mortgage Lenders
Huntington Mortgage
Huntington National Bank
As one of Ohio's most established financial institutions with a physical branch in downtown Delaware, Huntington offers exceptional local mortgage services with deep community roots. Their mortgage specialists provide personalized guidance through the entire home financing process, offering competitive rates and a wide variety of loan products. Customers consistently praise their responsive service, local decision-making capabilities, and seamless application process, making them a top choice for Delaware homebuyers seeking reliability and local expertise.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
With a strong Columbus presence serving the Delaware area, CrossCountry Mortgage has built an outstanding reputation for exceptional customer service and competitive mortgage solutions. Their local loan officers are praised for their expertise in navigating complex mortgage scenarios and providing personalized attention throughout the lending process. The company offers a comprehensive range of loan programs with competitive rates and has received numerous industry awards for customer satisfaction and service excellence.
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Kemba Financial Credit Union
Kemba Financial Credit Union
Serving central Ohio including Delaware County, Kemba Financial Credit Union offers member-focused mortgage services with exceptionally competitive rates and personalized service. As a not-for-profit financial cooperative, they frequently provide lower fees and more favorable terms than traditional banks. Their mortgage team receives consistent praise for their educational approach, transparent communication, and commitment to finding the right mortgage solution for each member's unique financial situation.
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Frequently Asked Questions
Common questions about mortgage lending in Delaware, OH
Are there any special first-time homebuyer programs available specifically for Delaware, OH?
Yes, the Delaware County First-Time Homebuyer Program offers down payment and closing cost assistance in the form of a forgivable loan. Additionally, the Ohio Housing Finance Agency (OHFA) provides statewide programs with competitive rates and down payment assistance that are widely used by buyers in Delaware, often in conjunction with local incentives.
How does Delaware's competitive housing market affect the mortgage pre-approval process?
Given Delaware's competitive market, especially for homes in desirable areas like near Ohio Wesleyan University or in established neighborhoods, a strong pre-approval letter is essential. Sellers often require proof of funds and a quick closing timeline, so working with a local lender who can provide a verified or underwritten pre-approval can make your offer significantly stronger.
What are typical property taxes like in Delaware, OH, and how do they impact my mortgage payment?
Delaware County has property tax rates that are generally considered moderate for Central Ohio. Current effective rates are approximately 1.4% to 1.8% of assessed value. Your lender will calculate these into your monthly escrow payment, and it's important to budget for this as taxes can increase with home value reassessments, affecting your total monthly mortgage cost.
Are there specific mortgage considerations for buying a historic home in downtown Delaware?
Yes, purchasing a home in the historic districts of downtown Delaware may require a specialized renovation loan like an FHA 203(k) or a conventional HomeStyle loan if updates are needed. Additionally, you should confirm with your lender that the home's unique characteristics will meet appraisal requirements, as comparables for historic properties can be more challenging to find.
How do local economic factors like the presence of Ohio Wesleyan University and major employers influence mortgage lending in Delaware?
The stable employment base from the university, Grady Memorial Hospital, and nearby Columbus employers contributes to a consistent demand for housing. Lenders view this stability favorably. However, for university employees or staff, it's wise to inquire about any exclusive mortgage partnerships or benefits offered through the institution that may provide discounted rates or fees.
Why Choose a Mortgage Lender in Delaware?
Local Market Knowledge
Lenders who understand Delaware'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 Delaware and get competitive rates on your home loan.