The Best Mortgage Lenders in Edison, OH
Compare verified mortgage lenders serving Edison, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Edison
Featured Mortgage Lenders
Marion Credit Union
Marion Credit Union
Marion Credit Union stands out as one of the most highly-rated mortgage lenders serving the Edison area, with an exceptional 4.8-star rating from nearly 90 reviews. As a established community financial institution with over 85 years of service to Central Ohio, they offer personalized mortgage solutions with competitive rates. Their mortgage specialists provide comprehensive guidance through FHA, VA, USDA, and conventional loan programs, with particular expertise in first-time homebuyer programs. The credit union's local presence and member-focused approach ensure responsive service throughout the mortgage process, from application to closing.
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Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage maintains a strong local presence in the Marion area serving Edison residents with a 4.7-star rating from over 125 reviews. With 35 years of mortgage lending experience, they offer a comprehensive range of loan products including specialized programs for veterans, rural homebuyers, and investment properties. Their team of local mortgage experts provides personalized service with an emphasis on competitive rates and streamlined processing. The company's long-standing reputation for reliability and customer satisfaction makes them a top choice for Edison area homebuyers seeking professional mortgage guidance.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage brings national lending power with local service to the Edison area, earning a 4.6-star rating from over 200 reviews. With two decades of mortgage expertise, they offer an extensive portfolio of loan options including specialized programs for first-time buyers and competitive jumbo loans. Their local loan officers provide personalized attention while leveraging the resources of a major national lender, ensuring competitive rates and efficient processing. The company's strong digital platform combined with local expertise makes them particularly attractive to Edison homebuyers seeking a modern, efficient mortgage experience with personal service.
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Frequently Asked Questions
Common questions about mortgage lending in Edison, OH
Are there any special mortgage programs for first-time homebuyers in Edison, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers several programs, including down payment assistance grants and competitive first-time homebuyer loans, which are available to eligible buyers in Edison. Additionally, some local lenders in the Marion County area may offer portfolio loans or special incentives for first-time buyers purchasing in smaller communities like Edison.
How do property taxes in Edison, Ohio, affect my monthly mortgage payment?
Property taxes in Edison and surrounding Pleasant Township are relatively moderate for Ohio, but they are a key component of your escrow payment. It's important to get an accurate estimate from the Marion County Auditor's office, as taxes can vary based on the property's assessed value and any local levies, directly impacting your total monthly mortgage obligation.
What is the typical down payment needed for a home in Edison's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Edison's affordable market use conventional loans with 3-5% down or FHA loans with 3.5% down. Given the lower median home prices in Edison compared to major Ohio cities, the actual dollar amount needed for a down payment is often more attainable for local buyers.
Are USDA rural housing loans available for homes in Edison, OH?
Yes, most of Edison and the surrounding area is eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is a significant advantage for qualified buyers looking in this region, as it makes homeownership more accessible in a community classified as rural by the USDA.
How does the appraisal process work for a home in a small town like Edison?
Appraisals in Edison can be challenging due to fewer recent comparable sales ("comps") than in urban areas. An appraiser will often look at sales in similar nearby communities like Marion or Prospect. It's crucial to work with a lender experienced in rural and small-town markets to ensure the appraisal accurately reflects the local property values.
Nearby Cities
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Why Choose a Mortgage Lender in Edison?
Local Market Knowledge
Lenders who understand Edison'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 Edison and get competitive rates on your home loan.