The Best Mortgage Lenders in Harrod, OH
Compare verified mortgage lenders serving Harrod, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harrod
Featured Mortgage Lenders
Matthew R. Suter
Union Home Mortgage
Matthew Suter with Union Home Mortgage is one of the highest-rated mortgage professionals serving the Harrod area, located just 10 minutes away in Lima. With over 15 years of experience and exceptional 4.9-star ratings across multiple platforms, he specializes in helping rural and small-town homebuyers throughout Allen County and surrounding areas. Union Home Mortgage has been serving Ohio communities since 1970 with a strong reputation for personalized service, competitive rates, and expertise in USDA rural development loans that are particularly relevant for Harrod homebuyers.
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Michael J. Miller
Superior Credit Union
Superior Credit Union has been serving the Lima/Harrod region since 1953 and maintains excellent 4.8-star ratings for their mortgage services. As a member-owned financial institution, they offer highly competitive rates and personalized mortgage solutions specifically tailored to Northwest Ohio homebuyers. Their experienced mortgage team, including Michael Miller with 12 years in residential lending, provides comprehensive guidance through the entire homebuying process with particular expertise in first-time homebuyer programs and local market knowledge that benefits Harrod residents.
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Sarah J. Williams
Fifth Third Bank Mortgage
Fifth Third Bank has a strong physical presence in Lima with experienced mortgage professionals like Sarah Williams who serve the Harrod community. With 18 years of mortgage lending experience and 4.7-star customer ratings, Sarah specializes in helping buyers in rural Allen County communities. Fifth Third offers a comprehensive range of mortgage products with particular strength in construction-to-permanent loans, which is valuable for Harrod's growing housing market. Their long-standing presence in Ohio since 1858 and local branch network provide Harrod residents with convenient access to mortgage services and ongoing support.
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Frequently Asked Questions
Common questions about mortgage lending in Harrod, OH
What are typical down payment requirements for homes in Harrod, OH, given the local market?
In Harrod's more affordable market, many conventional loans require a 5% down payment, but FHA loans with 3.5% down are very common. For the area's median home price, this translates to a manageable upfront cost. Local lenders are often familiar with rural property appraisals, which can influence specific requirements.
Are there any down payment assistance programs specifically for buyers in Allen County or Harrod?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, like Grants for Grads, which are accessible to Harrod buyers. Additionally, Allen County may have local Community Development Block Grant (CDBG) funds or partnerships for eligible first-time homebuyers, which a local lender can help you explore.
How does Harrod's rural location and property types affect the mortgage process?
Financing homes on well and septic systems is standard here, but lenders will require specific inspections to ensure these systems are functional. Appraisals can sometimes take longer or require a specialist familiar with rural comparables, which may slightly extend your closing timeline compared to an urban area.
What should I know about property taxes and insurance when calculating my monthly payment in Harrod?
Property taxes in Allen County are a key component; you can estimate them using the Allen County Auditor's website. For insurance, due to the rural setting, you may need to factor in the potential cost of a private flood zone determination or a separate policy for outbuildings, which lenders will require.
As a first-time homebuyer in Harrod, what local lender expertise should I look for?
Seek out lenders or loan officers with extensive experience in Allen County who understand USDA Rural Development loans, a relevant option for Harrod's income-eligible buyers. They should also be well-versed in OHFA programs and the nuances of appraising rural properties to guide you smoothly through the process.
Why Choose a Mortgage Lender in Harrod?
Local Market Knowledge
Lenders who understand Harrod'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 Harrod and get competitive rates on your home loan.