The Best Mortgage Lenders in Franklin, OH
Compare verified mortgage lenders serving Franklin, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Franklin
Featured Mortgage Lenders
Matt Bucher
Union Savings Bank
Union Savings Bank stands out as Franklin's premier local mortgage lender with over a century of community banking experience. As a deeply rooted financial institution with physical branches throughout Warren County, they offer personalized mortgage services with local decision-making authority. Their mortgage team, led by experienced professionals like Matt Bucher, provides competitive rates and flexible terms with the advantage of face-to-face service. The bank consistently receives outstanding reviews for their responsive communication, streamlined application process, and commitment to finding the right mortgage solution for each borrower's unique situation.
Loan Types:
Mark Stapleton
Guardian Savings Bank
Guardian Savings Bank has been serving the Greater Cincinnati and Dayton regions for over 100 years, with strong presence in Warren County communities including Franklin. They offer a comprehensive range of mortgage products with particular expertise in first-time homebuyer programs and government-backed loans. Their local mortgage specialists provide personalized guidance through the entire home financing process, earning high marks for transparency, competitive rates, and exceptional customer service. The bank's community-focused approach and local underwriting capabilities make them a top choice for Franklin area homebuyers.
Loan Types:
Jason Reed
CINFED Credit Union
CINFED Credit Union serves members throughout Southwest Ohio, including Franklin residents, with highly competitive mortgage rates and member-focused service. As a not-for-profit financial cooperative, they consistently offer lower fees and more favorable terms than many traditional banks. Their mortgage team provides comprehensive guidance from pre-approval through closing, with particular strength in VA loans and first-time homebuyer programs. Members praise CINFED for their transparent process, knowledgeable staff, and commitment to finding the most affordable mortgage solutions, making them a top regional choice for Franklin homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Franklin, OH
Are there any special down payment assistance programs for first-time homebuyers in Franklin, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, including grants and affordable second mortgages, that are widely accessible to Franklin residents. Additionally, local lenders often have knowledge of specific county-level initiatives through the Butler County or Warren County land banks, which can provide additional support for qualifying buyers in the Franklin area.
How do property taxes in Franklin, Ohio, impact my monthly mortgage payment?
Property taxes in Franklin (within Warren County) are a significant component of your escrow payment. Warren County has relatively moderate property tax rates compared to other Ohio metro areas, but accurate estimation is crucial. Your lender will use the county auditor's assessed value to calculate this, and it's wise to budget for potential future levies, which can affect your long-term payment stability.
What type of home appraisal challenges are common in Franklin's older neighborhoods?
Franklin has many charming, historic homes, particularly in its downtown districts. Appraisals here can sometimes be challenging if comparable recent sales ("comps") are limited for unique older properties. Lenders familiar with the local market understand this and will work with appraisers who have experience valuing historic features, ensuring the appraisal accurately reflects the home's value.
Is private mortgage insurance (PMI) avoidable with a smaller down payment in Franklin's market?
While PMI is typically required for conventional loans with less than 20% down, some local credit unions and community banks in the Franklin area may offer portfolio loans with alternative underwriting that could potentially avoid PMI. Furthermore, using an OHFA first-time homebuyer loan often includes a competitive mortgage insurance structure, making low-down-payment options more affordable.
How does Franklin's proximity to Dayton and Cincinnati influence mortgage lending and rates?
Franklin's location in the I-75 corridor between two major cities means you have access to a very competitive lending market. You can shop rates from a wide range of local, regional, and national lenders. While base rates are set nationally, this competition can lead to more favorable terms and fees. Lenders are also very familiar with the steady demand and stable property values in this desirable suburban area.
Nearby Cities
Explore mortgage lenders in cities near Franklin, OH
Why Choose a Mortgage Lender in Franklin?
Local Market Knowledge
Lenders who understand Franklin'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 Franklin and get competitive rates on your home loan.