The Best Mortgage Lenders in Eaton, OH
Compare verified mortgage lenders serving Eaton, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Eaton
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 28 years in business, they have built a strong reputation in Ohio, including serving Eaton residents. They offer a wide range of loan options and are praised for their personalized approach, quick closings, and high customer satisfaction scores. Their local presence in Dayton ensures accessible service for Preble County homebuyers.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a strong focus on diversity and customer care. Founded in 2003, they have extensive experience serving Ohio communities, including Eaton. They are known for their competitive rates, flexible loan programs, and efficient online tools. With a local office in Fairborn, they provide personalized service and have consistently high ratings for transparency and support throughout the mortgage process.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its community involvement and streamlined mortgage processes. Since 2008, they have expanded to serve areas like Eaton, Ohio, with a commitment to fast closings and excellent customer service. They offer a variety of loan products and are highly rated for their responsive communication and competitive rates. Their Dayton office ensures local support for borrowers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Eaton, OH
Are there any local down payment assistance programs specifically for Eaton, OH homebuyers?
Yes, the Preble County Community Housing Improvement Program (CHIP) offers down payment and closing cost assistance to eligible low-to-moderate income buyers in Eaton and Preble County. Additionally, the Ohio Housing Finance Agency (OHFA) provides statewide programs like Grants for Grads, which are accessible to Eaton residents and can be layered with local funds for greater buying power.
How do property taxes in Preble County affect my monthly mortgage payment in Eaton?
Preble County has relatively affordable property tax rates compared to Ohio's urban centers, which helps keep total monthly payments lower. The current effective tax rate is approximately 1.1% to 1.3% of assessed value. Your lender will calculate an escrow payment based on the specific property's tax assessment, which is a key factor in your Debt-to-Income (DTI) ratio for loan approval.
What types of properties do local Eaton lenders have the most experience financing?
Local lenders and credit unions in Eaton are highly experienced with financing single-family homes, historic properties in the downtown district, and rural acreage properties common in the surrounding township areas. They are familiar with well and septic system requirements for county properties, which is crucial for appraisal and loan approval on non-city-lot homes.
Is it difficult to get a USDA Rural Development loan in Eaton, Ohio?
Not at all. Most of Eaton and the surrounding Preble County area is eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a popular and advantageous program in this market, making homeownership more accessible. A local lender can confirm the specific eligibility of any property address.
How does Eaton's stable but slower-paced real estate market influence the mortgage process?
Eaton's market typically has less competitive bidding than major metros, allowing for more standard contingency periods and thorough home inspections. This can lead to a less rushed mortgage processing timeline. However, with a limited inventory of homes, getting pre-approved with a reputable local lender is essential to act quickly when a desirable property lists.
Why Choose a Mortgage Lender in Eaton?
Local Market Knowledge
Lenders who understand Eaton'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 Eaton and get competitive rates on your home loan.