The Best Mortgage Lenders in Englewood, OH
Compare verified mortgage lenders serving Englewood, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Englewood
Featured Mortgage Lenders
Fifth Third Bank Mortgage
Fifth Third Bank, National Association
Fifth Third Bank stands as one of the most established and highly-rated mortgage lenders serving the Englewood area through their multiple Dayton locations. With over 160 years in banking, they offer comprehensive mortgage solutions with competitive rates and personalized service. Their local mortgage specialists understand the Dayton metropolitan housing market intimately, providing expertise in both purchase and refinance transactions. Customers consistently praise their efficient processing, transparent communication, and knowledgeable loan officers who guide clients through every step of the mortgage process.
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Dayton Credit Union Mortgage
Dayton Credit Union
Dayton Credit Union has built an exceptional reputation for mortgage lending throughout Montgomery County, including Englewood. As a member-owned financial cooperative, they consistently offer highly competitive rates and lower fees than traditional banks. Their mortgage team provides personalized service with extended hours and local decision-making authority. Members particularly appreciate their first-time homebuyer programs, educational resources, and the ability to work with the same loan officer throughout the entire process. Their community-focused approach and exceptional customer service make them a top choice for Englewood homebuyers.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage maintains a strong local presence in the Dayton area with a dedicated team serving Englewood and surrounding communities. Their mortgage consultants are praised for their expertise in navigating complex loan scenarios and providing creative financing solutions. The company offers a wide array of loan products with competitive pricing and has built a reputation for exceptional customer service and streamlined processing. Local homebuyers appreciate their responsiveness, attention to detail, and ability to close loans efficiently while maintaining clear communication throughout the entire mortgage journey.
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Frequently Asked Questions
Common questions about mortgage lending in Englewood, OH
Are there any first-time homebuyer programs specifically for Englewood, OH, residents?
Yes, Englewood homebuyers can access statewide programs like the Ohio Housing Finance Agency's (OHFA) "Your Choice! Down Payment Assistance," which offers 2.5%, 5%, or 10% of the home's purchase price as a grant or forgivable loan. Additionally, Montgomery County offers its own down payment assistance programs for which Englewood residents are eligible, providing crucial help with upfront costs in the local market.
How do property taxes in Englewood, OH, impact my mortgage payment and affordability?
Englewood is located in Montgomery County, which has relatively moderate property tax rates compared to other Ohio metro areas. Your lender will calculate an escrow payment as part of your monthly mortgage to cover these taxes. It's wise to factor in an effective tax rate of approximately 1.4% to 1.6% of the home's assessed value when budgeting for your total monthly payment.
What type of home appraisal challenges are common in Englewood's housing market?
Appraisals in Englewood's established neighborhoods can sometimes be challenging due to the mix of older, well-maintained homes and newer constructions. Appraisers must find good comparable sales ("comps"), which can be difficult for unique or recently renovated properties. Working with a local lender familiar with the Englewood and Northmont school district areas can help ensure a smoother appraisal process.
Are USDA rural housing loans available for homes in Englewood, Ohio?
While most of Englewood itself is considered suburban and not eligible for USDA loans, certain properties on the more rural fringes of the city or in surrounding areas may qualify. It's important to check the official USDA eligibility map for the specific property address, as this zero-down-payment program can be a valuable option for eligible buyers looking at the edges of the community.
How does Englewood's proximity to Dayton and I-70 influence mortgage lending considerations?
Englewood's status as a Dayton suburb with excellent highway access is viewed positively by lenders, supporting stable property values. This connectivity can make you eligible for certain "commuter" or "expanded approval" loan products. Furthermore, lenders may consider employment in the broader Dayton or even Springfield areas as stable for your application, broadening your job market for qualification purposes.
Why Choose a Mortgage Lender in Englewood?
Local Market Knowledge
Lenders who understand Englewood'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 Englewood and get competitive rates on your home loan.