The Best Mortgage Lenders in Farmersville, OH
Compare verified mortgage lenders serving Farmersville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Farmersville
Featured Mortgage Lenders
Mortgage Department
Wright-Patt Credit Union
As Ohio's largest credit union with over 85 years of service, Wright-Patt Credit Union consistently ranks among the top mortgage lenders in the Dayton region serving Farmersville and surrounding communities. They offer highly competitive rates for members, exceptional customer service with local loan officers who understand the regional market, and a comprehensive range of mortgage products. Their digital mortgage platform combined with personalized local service makes them a top choice for Montgomery County homebuyers seeking both convenience and expertise.
Loan Types:
Mortgage Lending Team
Union Savings Bank
Union Savings Bank has been serving Southwest Ohio communities for over 130 years with deep roots in Montgomery County and surrounding areas. They are particularly strong in construction and lot lending, making them an excellent choice for Farmersville residents looking to build or purchase land. Their local decision-making process and community-focused approach ensure personalized service with competitive rates. Customers consistently praise their responsive communication and expertise in navigating complex loan scenarios.
Loan Types:
Local Mortgage Experts
Guild Mortgage
Guild Mortgage maintains a strong local presence in the Dayton metropolitan area with dedicated loan officers serving Farmersville and Montgomery County. With over six decades of experience, they offer specialized loan programs including unique renovation loans that are particularly valuable for older properties in the region. Their streamlined digital process combined with local underwriting expertise ensures efficient closings while maintaining personalized service. Guild consistently receives high marks for their educational approach and commitment to finding the right loan product for each borrower's situation.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Farmersville, OH
Are there any special down payment assistance programs for first-time homebuyers in Farmersville, OH?
Yes, homebuyers in Farmersville can access statewide programs like Ohio Heroes and the Grants for Grads program, which offer down payment assistance and favorable terms. Additionally, local lenders often have relationships with county-level initiatives through Montgomery or Greene Counties that can provide grants or forgivable loans to help with upfront costs, making homeownership more accessible in the area.
How do property taxes in Farmersville, OH, impact my monthly mortgage payment?
Property taxes in Farmersville are relatively moderate compared to larger Ohio cities, but they are a key component of your escrow payment. The effective tax rate in the Farmersville area (spanning Montgomery and Greene Counties) typically ranges from 1.3% to 1.7% of the home's assessed value. Your lender will calculate this into your monthly payment, so it's important to budget for this local cost.
What types of properties are most common for mortgage lending in Farmersville, and does that affect loan options?
Farmersville primarily features single-family homes, many with larger lots, and some older, historic properties. This means conventional, FHA, and USDA loans (due to the area's rural designation) are all commonly used. For older homes, an FHA 203(k) renovation loan can be a valuable option to finance both purchase and repairs, which is a frequent consideration in this market.
Is Farmersville, OH, eligible for USDA rural housing loans, and what are the benefits?
Yes, Farmersville is classified as a rural area by the USDA, making it eligible for USDA Section 502 Guaranteed Loans. The major benefit is the ability to purchase a home with **0% down payment** for qualified buyers. These loans also feature competitive, fixed interest rates and typically have more flexible credit requirements, which is a significant advantage for the local market.
How does the appraisal process work for a home in a small town like Farmersville, OH?
Appraisals in Farmersville can be challenging due to fewer recent comparable sales ("comps") than in urban areas. Appraisers often look at sales in nearby towns like Germantown or Eaton to establish value. It's crucial to work with a local lender who uses appraisers familiar with the unique market dynamics of rural Preble and Montgomery Counties to ensure a fair and accurate valuation.
Nearby Cities
Explore mortgage lenders in cities near Farmersville, OH
Why Choose a Mortgage Lender in Farmersville?
Local Market Knowledge
Lenders who understand Farmersville'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 Farmersville and get competitive rates on your home loan.