The Best Mortgage Lenders in Dover, OH
Compare verified mortgage lenders serving Dover, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dover
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly-rated national lender with strong local presence serving the Dover area through their Canton office. With exceptional 4.8-star ratings across multiple review platforms, they specialize in personalized mortgage solutions and have extensive experience with all loan types. Their local loan officers have deep knowledge of the Tuscarawas County market and provide comprehensive guidance through the entire mortgage process, making them a top choice for Dover homebuyers seeking competitive rates and exceptional service.
Loan Types:
First Federal Lakewood
First Federal Lakewood
First Federal Lakewood is a well-established community bank with strong regional presence throughout Northeast Ohio, including service to Dover residents. With nearly a century of experience, they offer competitive mortgage rates and personalized service through their local branches. Their mortgage specialists are known for providing clear communication and guidance throughout the homebuying process, with particular expertise in first-time homebuyer programs and construction loans. The institution maintains excellent customer satisfaction ratings and deep community involvement.
Loan Types:
Cendant Mortgage
Cendant Mortgage
Cendant Mortgage operates as a premier mortgage broker serving the Dover and greater Stark County area from their Canton location. With over two decades of experience, they leverage relationships with multiple lenders to secure competitive rates and terms for borrowers. Their team excels at navigating complex financial situations and offers specialized programs for self-employed borrowers and investment properties. The company maintains strong 4.6-star ratings for their responsive service, transparent process, and ability to close loans efficiently for Dover-area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Dover, OH
Are there any special first-time homebuyer programs available specifically for Dover, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, including grants for down payment and closing cost assistance, which are widely used by Dover homebuyers. Additionally, local lenders often have knowledge of any city-specific initiatives or partnerships, such as with the Dover-New Philadelphia Area Board of Realtors, that can provide additional guidance and resources for first-time buyers in the Tuscarawas County area.
How do property taxes in Dover, OH, impact my monthly mortgage payment?
Tuscarawas County, where Dover is located, has property tax rates that are generally moderate compared to larger Ohio cities. Your lender will calculate an escrow payment as part of your monthly mortgage to cover these taxes. It's important to note that Dover's taxes fund local services and schools, and rates can vary slightly depending on the specific neighborhood or school district within the city limits.
What is the typical down payment needed for a mortgage on a home in Dover's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Dover successfully purchase homes with down payments as low as 3% (conventional) or 3.5% (FHA). Given Dover's relatively affordable housing market compared to national averages, a lower down payment can be more attainable, but consulting with a local lender is key to understanding the best option for your budget and the specific home price.
Are USDA loans a viable option for mortgages in Dover, Ohio?
Yes, USDA loans, which offer 100% financing, are a popular and viable option for many homes in and around Dover. While the city itself is generally classified as "rural" by USDA standards, it's crucial to have a lender check the specific property address on the USDA eligibility map, as some more central neighborhoods may not qualify, while surrounding areas in Tuscarawas County typically do.
How do local Dover lenders compare to big national banks for getting a mortgage?
Local Dover lenders and credit unions, such as those based in Tuscarawas County, often have a significant advantage in understanding the nuances of the local real estate market, appraisals, and community-specific programs. They can provide more personalized service and may have more flexibility. However, it's always wise to get quotes from both local and national institutions to compare rates, fees, and service for your specific situation.
Nearby Cities
Explore mortgage lenders in cities near Dover, OH
Why Choose a Mortgage Lender in Dover?
Local Market Knowledge
Lenders who understand Dover'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 Dover and get competitive rates on your home loan.