The Best Mortgage Lenders in Heath, OH
Compare verified mortgage lenders serving Heath, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Heath
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong presence in central Ohio, including Heath. Founded in 1996, it has built a reputation for competitive rates, exceptional customer service, and a wide range of loan options. With an A+ BBB rating and hundreds of positive reviews, Fairway is known for its efficient processing, personalized guidance, and community involvement, making it a trusted choice for homebuyers in the area.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly regarded national lender with a robust local office in Columbus that serves Heath and surrounding communities. Founded in 2003, it offers a comprehensive suite of mortgage products and is praised for its competitive rates, transparency, and dedicated support. With extensive experience and a focus on customer satisfaction, CrossCountry has earned high ratings for its streamlined application process and expert advice, catering to diverse home financing needs.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its innovative approach and strong customer service, with operations extending to Heath and central Ohio. Established in 2008, it combines technology with personal touch to offer fast closings and competitive rates. Movement has garnered positive reviews for its commitment to community giving and responsive loan officers, making it a reliable option for homebuyers seeking flexibility and support throughout the mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Heath, OH
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Heath, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, including grants for down payment assistance, which are available to eligible buyers in Heath. Additionally, Licking County may have local initiatives or partnerships with lenders. It's wise to work with a mortgage broker familiar with these programs, as they can help you navigate the options like the OHFA 3%, 4%, or 5% Down Payment Assistance Grant.
How do property taxes in Heath, Licking County, impact my monthly mortgage payment?
Licking County property taxes are a significant component of your monthly escrow payment. Heath's effective property tax rate is moderately high compared to national averages, typically around 1.4% to 1.6% of assessed value. Your lender will calculate this into your Debt-to-Income ratio, so it's crucial to get an accurate estimate early in your home search to ensure affordability.
What is the typical timeline for mortgage approval and closing on a home in Heath's current market?
In Heath's competitive but steady market, a typical timeline from application to closing is 30 to 45 days. Working with a local lender who understands the area can streamline the process, especially with appraisal scheduling. Being pre-approved before you make an offer is highly recommended to strengthen your position against other buyers.
Are USDA Rural Development loans available for homes in Heath, Ohio?
While parts of Licking County are eligible for USDA loans, the city of Heath itself is generally not considered a "rural area" under USDA guidelines due to its proximity to Newark and development. However, surrounding townships may qualify. For a Heath address, you would typically look at conventional, FHA, or VA (if applicable) loan options instead.
How does the presence of major employers like the Boeing facility in Heath influence mortgage lending?
Major employers like Boeing provide stable employment, which is favorable for mortgage approval. Lenders may view applicants with jobs at such established companies as lower risk. Furthermore, some national lenders or credit unions may have special mortgage programs or relationships with large employers, so it's worth inquiring about any employee-specific benefits or preferred rates.
Why Choose a Mortgage Lender in Heath?
Local Market Knowledge
Lenders who understand Heath'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 Heath and get competitive rates on your home loan.