The Best Mortgage Lenders in Ellsworth, OH
Compare verified mortgage lenders serving Ellsworth, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ellsworth
Featured Mortgage Lenders
Mortgage Department
Farmers National Bank of Canfield
Farmers National Bank of Canfield is a highly respected community bank serving Mahoning County and the greater Ellsworth area for over 135 years. Their mortgage department receives exceptional ratings for personalized service, competitive rates, and local decision-making. As a community bank with deep roots in the region, they understand the local real estate market and offer a comprehensive range of mortgage products with the flexibility and personal attention that national lenders can't match. Their experienced loan officers provide guidance through every step of the mortgage process.
Loan Types:
Mortgage Center
PNC Bank
PNC Bank maintains a strong physical presence in the Ellsworth area with multiple branches in nearby Canfield and Youngstown. Their mortgage division offers competitive rates and a wide variety of loan programs, including special first-time homebuyer initiatives. PNC receives high marks for their digital mortgage application process combined with local loan officer support. With decades of experience serving Ohio homeowners, they provide reliable mortgage services with the backing of a major financial institution while maintaining local accessibility for Ellsworth area residents.
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Mortgage Services
CrossCountry Mortgage
CrossCountry Mortgage has established itself as a top-rated mortgage lender serving the Ellsworth area through their Boardman office location. They specialize in providing personalized mortgage solutions with competitive rates and exceptional customer service. The company receives outstanding reviews for their responsive communication, efficient processing, and expertise in various loan programs. Their local loan officers have extensive knowledge of the Mahoning County real estate market and work diligently to find the right mortgage solution for each borrower's unique situation, particularly praised for first-time homebuyer assistance.
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Frequently Asked Questions
Common questions about mortgage lending in Ellsworth, OH
What are the typical down payment requirements for homes in Ellsworth, OH, given its rural setting?
For most conventional loans in Ellsworth, a 5-10% down payment is common, but the rural nature of the area can open up USDA loans, which offer 0% down payment options for eligible borrowers and properties. FHA loans with 3.5% down are also popular, especially for first-time buyers looking at more affordable homes. It's important to work with a lender familiar with rural property appraisals.
Are there any local or county-specific first-time homebuyer assistance programs available in Mahoning County for Ellsworth buyers?
Yes, the Mahoning County Land Bank occasionally offers programs, and the Ohio Housing Finance Agency (OHFA) provides statewide down payment assistance and favorable mortgage rates that are accessible to Ellsworth residents. These programs often have income limits and require homebuyer education, so checking current OHFA guidelines is a crucial first step.
How does Ellsworth's location within a township rather than a major city affect property taxes and mortgage escrow?
Property taxes in Smith Township (where Ellsworth is located) are generally lower than in nearby cities like Youngstown or Canfield, which can positively impact your debt-to-income ratio and monthly payment. Your lender will establish an escrow account based on the township's millage rates, and it's wise to confirm the most recent tax assessments for your specific property.
What should I know about getting a mortgage for a home with acreage or agricultural features in Ellsworth?
Financing properties with significant acreage (typically over 10 acres) or outbuildings may require a specialized "rural" or "non-conforming" loan product, as some conventional lenders have restrictions. Working with a local lender or a farm credit institution familiar with Columbiana and Mahoning County properties is essential to ensure the land is properly valued and financed.
Are mortgage rates in Ellsworth, OH, different from the national average, and what local factors influence them?
Mortgage rates in Ellsworth are primarily driven by national markets, but your final rate is influenced by local competition among lenders and the property's appraisal. Due to the smaller, rural market, you may find slightly less lender competition than in a metro area, so it's advantageous to shop around with both local credit unions and regional banks to secure the best terms.
Nearby Cities
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Why Choose a Mortgage Lender in Ellsworth?
Local Market Knowledge
Lenders who understand Ellsworth'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 Ellsworth and get competitive rates on your home loan.