The Best Mortgage Lenders in Hilliard, OH
Compare verified mortgage lenders serving Hilliard, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hilliard
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is one of the top-rated mortgage lenders serving the Columbus metro area including Hilliard, with exceptional customer satisfaction ratings and a comprehensive range of loan products. They have built a strong reputation for competitive rates, personalized service, and efficient loan processing. Their local loan officers have deep knowledge of the Hilliard and central Ohio housing markets, providing tailored mortgage solutions for first-time homebuyers, move-up buyers, and investors alike.
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The Mortgage Firm
The Mortgage Firm - Hilliard
The Mortgage Firm has a physical office located directly in Hilliard and specializes in serving the local community with exceptional mortgage services. They are particularly noted for their expertise in VA loans and first-time homebuyer programs, with loan officers who take time to educate clients throughout the process. Their strong local presence and deep community involvement make them a trusted choice for Hilliard residents seeking personalized mortgage solutions with competitive rates and outstanding customer service.
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Kemba Credit Union
Kemba Financial Credit Union
Kemba Credit Union has a strong physical presence in Hilliard with a local branch and has been serving central Ohio communities for over eight decades. As a member-owned financial institution, they offer highly competitive mortgage rates and personalized service that often surpasses larger banks. Their mortgage specialists provide comprehensive guidance through the entire homebuying process, and they're particularly respected for their first-time homebuyer programs and construction loan expertise in the growing Hilliard market.
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Frequently Asked Questions
Common questions about mortgage lending in Hilliard, OH
Are there any special first-time homebuyer programs available in Hilliard, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, including grants for down payment assistance, which are widely utilized in Hilliard. Additionally, some local lenders may offer special incentives or knowledge of community-specific programs. It's advisable to work with a mortgage broker familiar with Franklin County to access the best combination of state and potential local benefits.
How do property taxes in Hilliard impact my mortgage payment and affordability?
Hilliard is located within Franklin County and has its own city and school district tax rates, which are a significant component of your monthly escrow payment. Franklin County property taxes are generally considered moderate for the Columbus metro area. Your lender will calculate these into your Debt-to-Income ratio, so it's crucial to get an accurate estimate early, as they can add several hundred dollars to your monthly payment.
What is the typical down payment needed for a home in Hilliard's competitive market?
While 20% down is ideal to avoid Private Mortgage Insurance (PMI), many buyers in Hilliard's active market successfully purchase with 3%, 5%, or 10% down using conventional or FHA loans. Given the steady demand in desirable school districts like Hilliard City Schools, a stronger down payment can make your offer more competitive, but various low-down-payment programs are absolutely accessible.
Are there specific mortgage considerations for buying in one of Hilliard's many new construction developments?
Yes, buying new construction in communities like Heritage Lakes or The Reserve often involves working with the builder's preferred lender, who may offer closing cost incentives. However, it's wise to get an independent mortgage pre-approval to compare rates and terms. Be mindful that construction timelines can affect your rate lock period, and you'll need a final inspection before your loan can fully close.
How do interest rates in Hilliard, OH, compare to national averages, and what local factors influence them?
Mortgage rates in Hilliard closely track national averages but can vary slightly between local lenders due to competition in the robust Columbus metro market. Local factors like steady home value appreciation in Franklin County and low unemployment can positively influence lender risk assessments. It's beneficial to shop rates with both national banks and strong local credit unions serving the area.
Why Choose a Mortgage Lender in Hilliard?
Local Market Knowledge
Lenders who understand Hilliard'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 Hilliard and get competitive rates on your home loan.