The Best Mortgage Lenders in Edgerton, OH
Compare verified mortgage lenders serving Edgerton, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Edgerton
Featured Mortgage Lenders
First Federal Bank of the Midwest
First Federal Bank of the Midwest
First Federal Bank of the Midwest is a highly-rated community bank with strong presence in northwest Ohio, serving Edgerton and surrounding areas. With over two decades of experience, they offer personalized mortgage services and competitive rates. Their local loan officers understand the specific needs of rural Ohio communities and provide comprehensive guidance through the entire mortgage process. The bank maintains excellent customer satisfaction ratings for their responsive service and community-focused approach to lending.
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Third Federal Savings & Loan
Third Federal Savings and Loan Association
Third Federal Savings & Loan is a well-established Ohio-based lender with excellent reputation across the state, including service to Edgerton area. While headquartered in Cleveland, they serve customers statewide with competitive rates and low fees. They're particularly known for their straightforward mortgage process and exceptional customer service. With decades of experience and thousands of positive reviews, they consistently rank among Ohio's top mortgage lenders for reliability and customer satisfaction.
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Farm Credit Mid-America
Farm Credit Mid-America, ACA
Farm Credit Mid-America specializes in serving rural communities throughout Ohio, making them an ideal choice for Edgerton residents. They have deep expertise in rural property financing and offer specialized loan programs tailored to agricultural and rural residential needs. Their local loan officers understand the unique aspects of rural Ohio real estate and provide personalized service with competitive rates. They're particularly strong with USDA loans and rural development programs that benefit Edgerton area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Edgerton, OH
What are typical down payment requirements for homes in Edgerton, Ohio, given its market?
For Edgerton's more affordable housing market, many conventional loans require a 3-5% down payment. However, with median home prices well below state and national averages, local lenders often work with buyers to explore low-down-payment options like FHA loans (3.5% down) or USDA loans, which are relevant for the rural areas surrounding Edgerton and require 0% down for eligible buyers.
Are there any local or county-specific first-time homebuyer programs available in Edgerton?
While Edgerton itself does not have a city-specific program, homebuyers in Williams County can access the **Ohio Housing Finance Agency (OHFA)** programs, which offer competitive interest rates, down payment assistance grants, and tax credits. It's highly recommended to work with an OHFA-approved lender in the area to navigate these state-backed opportunities effectively.
How do property taxes in Williams County impact my mortgage payments in Edgerton?
Williams County has relatively moderate property tax rates compared to urban Ohio counties. Your lender will calculate an escrow payment as part of your monthly mortgage to cover these taxes. It's important to get an accurate estimate, as taxes can vary between the village of Edgerton and the surrounding township, affecting your total monthly housing cost.
Is a USDA Rural Development loan a good option for buying a home in or near Edgerton, OH?
Yes, USDA loans are an excellent and popular option for the Edgerton area, as the entire region is designated eligible for this 0% down payment program. This can be a major advantage for qualified buyers looking at homes in the village limits or the surrounding agricultural and rural parts of Williams County, making homeownership more accessible.
How does Edgerton's stable but slower-paced real estate market affect the mortgage process?
The less competitive market means you typically have more time for due diligence, such as home inspections and appraisal contingencies, without fear of being outbid. This can allow for a smoother mortgage underwriting process. However, it's still crucial to get pre-approved with a local lender who understands the area's property values to make a strong, credible offer.
Why Choose a Mortgage Lender in Edgerton?
Local Market Knowledge
Lenders who understand Edgerton'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 Edgerton and get competitive rates on your home loan.