The Best Mortgage Lenders in Frazeysburg, OH
Compare verified mortgage lenders serving Frazeysburg, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Frazeysburg
Featured Mortgage Lenders
Park National Bank
Park National Bank
Park National Bank stands as one of Ohio's most trusted regional financial institutions with deep roots in Muskingum County and surrounding areas. With over a century of service, they offer personalized mortgage solutions through their local banking centers. Their mortgage team provides competitive rates on various loan products with the advantage of local decision-making and longstanding community relationships. Customers consistently praise their responsive service, transparent process, and commitment to finding the right mortgage solution for each borrower's unique situation.
Loan Types:
Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage has built an exceptional reputation throughout Ohio with their Zanesville office conveniently serving the Frazeysburg area. As a direct mortgage lender with four decades of experience, they offer competitive rates and streamlined processing. Their local loan officers are praised for their expertise in rural and suburban property financing, with particular strength in first-time homebuyer programs and government-backed loans. The company maintains high customer satisfaction through personalized service and efficient loan processing.
Loan Types:
The Union Savings Bank
The Union Savings Bank
The Union Savings Bank has been serving Muskingum County and surrounding communities for over 125 years, making them one of the most established local lenders available to Frazeysburg residents. As a community-focused bank, they offer competitive mortgage products with the advantage of local underwriting and decision-making. Their experienced mortgage team specializes in both purchase and refinance transactions, with particular expertise in rural property financing that suits the Frazeysburg market. Customers appreciate their straightforward approach and commitment to long-term customer relationships.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Frazeysburg, OH
What are the current mortgage rates like in Frazeysburg, OH, and how do they compare to state averages?
Mortgage rates in Frazeysburg are generally aligned with national and Ohio averages, but local lenders may offer competitive terms. As a rural community in Muskingum County, rates can sometimes be slightly more favorable than in larger metropolitan areas due to lower overhead costs for local banks and credit unions. It's best to get quotes from both local institutions like Century National Bank and larger online lenders for comparison.
Are there any down payment assistance programs specifically for buyers in Frazeysburg or Muskingum County?
Yes, homebuyers in Frazeysburg can access the Ohio Housing Finance Agency's (OHFA) programs, which are available statewide, including grants for down payment and closing costs. Additionally, the Muskingum County Community Development Department may offer or have information on local initiatives. First-time buyers (or those who haven't owned in three years) should prioritize exploring OHFA's 30-year fixed-rate loans with down payment assistance.
How does the appraisal process work for a home in Frazeysburg's rural setting?
Appraisals in Frazeysburg must account for its rural character. Appraisers will use comparable sales ("comps") from within the village and surrounding townships, but may need to look at a wider geographic area or older sales due to lower transaction volume. Unique property features like larger lots, outbuildings, or well and septic systems (common outside the village limits) are carefully evaluated, which can sometimes lead to valuation challenges compared to suburban homes.
What should I know about property taxes and insurance when calculating my mortgage payment in Frazeysburg?
Your monthly mortgage payment will include an escrow for property taxes, which in Frazeysburg are based on Muskingum County rates. Taxes are generally moderate but can vary. Homeowners insurance is also required and may include considerations for older housing stock or rural fire protection services. If your property is outside the village and relies on a well, you may not pay for water, but should consider septic maintenance costs.
Are USDA Rural Development loans a viable option for buying a home in Frazeysburg?
Absolutely. Frazeysburg is located in an area that is typically eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This can be an excellent option for moderate-income buyers purchasing a primary residence. Eligibility is based on the specific property location, household income, and credit, so working with a lender experienced in USDA loans in Muskingum County is key.
Why Choose a Mortgage Lender in Frazeysburg?
Local Market Knowledge
Lenders who understand Frazeysburg'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 Frazeysburg and get competitive rates on your home loan.