The Best Mortgage Lenders in Enon, OH
Compare verified mortgage lenders serving Enon, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Enon
Featured Mortgage Lenders
Wright-Patt Credit Union Mortgage Services
Wright-Patt Credit Union
As Ohio's largest credit union with deep roots in the Dayton/Springfield region, WPCU offers exceptional mortgage services with highly competitive rates and personalized member service. Their extensive branch network throughout Clark County and the Dayton metro area makes them easily accessible to Enon residents. They consistently receive top ratings for their first-time homebuyer programs, low closing costs, and exceptional customer service throughout the loan process.
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Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage has built an outstanding reputation throughout the Dayton-Springfield region with their comprehensive mortgage solutions and local expertise. As a direct lender with in-house underwriting, they offer faster closings and more personalized service. Their Beavercreek location serves Enon residents with specialized knowledge of the local Clark County housing market, competitive rates, and a wide variety of loan programs including specialized construction and renovation financing.
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Fifth Third Bank Mortgage
Fifth Third Bank, National Association
Fifth Third Bank maintains a strong physical presence in Springfield with multiple branches conveniently located for Enon residents. As one of Ohio's largest and most established financial institutions, they offer competitive mortgage rates, extensive loan options, and the stability of a major regional bank. Their local mortgage specialists understand the Clark County market dynamics and provide comprehensive digital tools alongside personalized service, making them a trusted choice for both purchase and refinance transactions in the Enon area.
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Frequently Asked Questions
Common questions about mortgage lending in Enon, OH
What are the typical down payment requirements for homes in Enon, OH, given its market?
For Enon's median home price range ($200k-$300k), conventional loans typically require 3-5% down, while FHA loans require 3.5%. Local lenders often work with buyers who have strong employment at nearby employers like Wright-Patterson Air Force Base or in Springfield, which can help with loan approval even with smaller down payments. It's advisable to get pre-approved with a lender familiar with Clark County's appraisal processes.
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Enon?
Yes, the **Ohio Housing Finance Agency (OHFA)** offers several statewide programs, including grants for down payment and closing cost assistance, which are accessible to Enon buyers. Additionally, some local credit unions and banks in Clark County may offer portfolio loans or special first-time buyer programs with favorable terms, especially for teachers, healthcare workers, or military personnel.
How do property taxes in Enon and Clark County impact my mortgage payment and qualification?
Clark County has an effective property tax rate of approximately 1.4-1.6%, which is relatively moderate for Ohio. Lenders will calculate this into your debt-to-income ratio, and your monthly mortgage payment will include an escrow for these taxes. It's important to factor this into your budget, as it can add $200-$400+ to your monthly payment on a typical Enon home.
Does Enon's location near Wright-Patterson AFB create any unique mortgage opportunities?
Absolutely. Many lenders in the area are exceptionally familiar with **VA loans**, offering competitive rates and streamlined processes for active-duty military, veterans, and their families. Furthermore, some lenders may offer specialized loan products or flexible underwriting recognizing the stability of federal employment, which is a significant part of the local economy.
What should I know about getting a mortgage for a home in Enon's more rural or semi-rural areas versus the village center?
If the property is on a well and septic system outside the central village, lenders may require additional inspections and water tests as a condition of the loan, which can slightly delay closing. USDA Rural Development loans are also a potential option for eligible properties in the surrounding areas, offering 100% financing, which is a significant benefit for qualified buyers in those locations.
Why Choose a Mortgage Lender in Enon?
Local Market Knowledge
Lenders who understand Enon'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 Enon and get competitive rates on your home loan.