The Best Mortgage Lenders in Frankfort, OH
Compare verified mortgage lenders serving Frankfort, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Frankfort
Featured Mortgage Lenders
Park National Bank Mortgage
Park National Bank
Park National Bank has been serving Ohio communities for over a century with a strong reputation for personalized mortgage services. As a regional bank with deep roots in central Ohio, they offer competitive rates and local decision-making. Their mortgage team provides comprehensive guidance through the entire home financing process, with particular expertise in rural and small-town properties like those in Frankfort. Customers consistently praise their responsive service and knowledgeable loan officers who understand the local real estate market.
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Scioto Valley Mortgage Services
Scioto Valley Credit Union
Scioto Valley Credit Union has been a trusted mortgage lender in Ross County and surrounding areas for decades, serving Frankfort residents with competitive rates and member-focused service. As a credit union, they offer lower fees and more personalized attention than many larger institutions. Their mortgage specialists are known for guiding first-time homebuyers through the process and offering flexible loan options. The credit union's strong community presence and commitment to local service make them a top choice for Frankfort area homeowners.
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Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage has built a strong reputation throughout Ohio with multiple local offices serving the Frankfort area. They combine the resources of a national mortgage lender with local expertise and decision-making. Their loan officers are praised for their responsiveness and ability to close loans efficiently. The company offers a wide range of mortgage products with competitive rates and has particular strength in rural housing loans appropriate for the Frankfort market. Their extensive experience with Ohio's diverse housing markets makes them a reliable choice for local home financing.
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Frequently Asked Questions
Common questions about mortgage lending in Frankfort, OH
What are the current typical mortgage rates for homebuyers in Frankfort, OH, and how do they compare to state averages?
Mortgage rates in Frankfort are generally competitive with statewide Ohio averages, often slightly lower due to the area's lower cost of living and property values. As of recent trends, conventional 30-year fixed rates in the Frankfort area typically range within a quarter-point of the national average. It's advisable to check with local credit unions, like the First Federal Savings & Loan, or regional banks for the most accurate, personalized rates.
Are there any down payment assistance programs specifically available for Frankfort or Ross County homebuyers?
Yes, Frankfort and Ross County homebuyers can access the **Ohio Housing Finance Agency (OHFA)** programs, which offer competitive rates and down payment assistance, often in the form of a grant or forgivable loan. Additionally, local lenders may have knowledge of community-specific initiatives or partnerships. First-time homebuyers should prioritize speaking with an OHFA-approved lender in the area to explore options like the "Grants for Grads" or conventional loan with down payment assistance.
How does the appraisal process in Frankfort account for the mix of rural properties and in-town homes?
Appraisals in the Frankfort area require appraisers familiar with both rural land valuation and standard residential comparables. For properties with acreage, outbuildings, or well/septic systems, the appraisal will heavily consider recent sales of similar rural parcels in Ross County. For in-town homes, comps are drawn primarily from Frankfort and nearby Adena or Kingston, ensuring an accurate reflection of the localized market.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Frankfort?
Ross County property taxes are relatively moderate, but it's crucial to get an accurate estimate, as rates can vary between the village, township, and school district (primarily Adena Local Schools). Homeowners insurance costs can be influenced by the age of homes and the potential for rural-specific risks. Your lender will help you estimate these escrow items, but consulting a local insurance agent and the Ross County Auditor's office is recommended for precise figures.
As a first-time homebuyer in Frankfort, what local lenders are most familiar with the market and OHFA programs?
For expert local guidance, consider working with community banks and credit unions deeply rooted in Ross County, such as **First Federal Savings & Loan of Chillicothe** (serving Frankfort) or **The Huntington National Bank** branches in the region. These institutions have loan officers experienced with the Frankfort market dynamics, from valuing older historic homes to financing new constructions, and are well-versed in navigating OHFA's first-time homebuyer programs.
Why Choose a Mortgage Lender in Frankfort?
Local Market Knowledge
Lenders who understand Frankfort'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 Frankfort and get competitive rates on your home loan.