The Best Mortgage Lenders in Friendship, OH
Compare verified mortgage lenders serving Friendship, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Friendship
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly-rated lender with over two decades of experience, known for its competitive rates and exceptional customer service. They offer a wide range of loan products and have a strong regional presence in Ohio, including service to rural areas like Friendship. Their team provides personalized support and efficient processing, making them a top choice for homebuyers in the region.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has built a stellar reputation for fast closings, personalized service, and competitive financing options. With nearly three decades in business, they have multiple offices across Ohio, ensuring local expertise and support for clients in Friendship and surrounding areas. Their high customer satisfaction ratings and community involvement make them a reliable choice.
Loan Types:
New American Funding
New American Funding
New American Funding is a respected lender offering diverse loan products, including specialized options like ITIN loans, with a focus on inclusivity and competitive rates. They have a strong presence in Ohio and are known for their community engagement and responsive customer service. Serving Friendship and other rural communities, they provide tailored solutions and a smooth mortgage experience.
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Frequently Asked Questions
Common questions about mortgage lending in Friendship, OH
What are the typical down payment requirements for homes in Friendship, Ohio, given its rural market?
In Friendship's more affordable rural market, many conventional loans are available with down payments as low as 3-5%. For the area's lower-priced homes, USDA loans are a particularly attractive option as they offer 100% financing (zero down payment) for eligible borrowers and properties, which is common in this non-urban location.
Are there any special mortgage programs for first-time homebuyers in Scioto County that I can use in Friendship?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs with benefits like competitive interest rates, down payment assistance, and grants, which are accessible to buyers in Friendship. Additionally, working with a local lender familiar with Scioto County can help you navigate any specific community reinvestment or grant programs occasionally available for the region.
How does the appraisal process work for a unique or rural property in Friendship?
Appraising unique, rural, or older properties in Friendship requires an appraiser with specific expertise in the Scioto County market. Lenders will order an appraisal that considers the value of land, comparable sales which may be farther apart, and the condition of well and septic systems, which are common in this area instead of public utilities.
What should I know about property taxes and insurance when calculating my mortgage payment in Friendship?
Scioto County property taxes are generally moderate, but it's crucial to get an accurate estimate from the county auditor. For insurance, due to the rural setting, you may need to budget for a separate private well and septic system warranty or coverage, which can influence your total monthly escrow payment alongside standard homeowner's insurance.
How do mortgage rates in Friendship, OH, compare to the national or state average?
Mortgage rates in Friendship are primarily set by national markets and your personal credit profile. However, working with a local credit union or community bank in Scioto County can sometimes provide access to competitive, personalized rates and terms, especially if you are using a state-assisted program like those from OHFA.
Nearby Cities
Explore mortgage lenders in cities near Friendship, OH
Why Choose a Mortgage Lender in Friendship?
Local Market Knowledge
Lenders who understand Friendship'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 Friendship and get competitive rates on your home loan.