The Best Mortgage Lenders in Homer, OH
Compare verified mortgage lenders serving Homer, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Homer
Featured Mortgage Lenders
Tom Klepper
Klepper Mortgage Team at CrossCountry Mortgage
The Klepper Mortgage Team at CrossCountry Mortgage is one of Northwest Ohio's highest-rated mortgage lenders with extensive experience serving rural communities like Homer. With over 185 excellent reviews and a 4.9-star rating, they specialize in helping borrowers throughout the region with competitive rates and personalized service. Their team has particular expertise with USDA rural development loans, which are highly relevant for Homer area properties, and they maintain strong relationships with local real estate professionals throughout the region.
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Matthew Miller
Union Home Mortgage
Union Home Mortgage is an Ohio-based lender with deep roots in serving communities throughout the state, including rural areas like Homer. Matthew Miller and his team have earned a 4.8-star rating through consistent, reliable service and competitive loan products. They offer specialized construction and renovation loans that are particularly valuable for properties in the Homer area, and their local underwriting expertise ensures smooth transactions for rural properties. The company's strong community presence and decades of experience make them a trusted choice.
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Brad Riter
Fifth Third Bank Mortgage
Fifth Third Bank maintains a strong regional presence throughout Northwest Ohio with dedicated mortgage professionals like Brad Riter who serve the Homer area. With nearly two decades of experience and a 4.7-star rating, Brad provides access to competitive bank portfolio products alongside conventional government loans. Fifth Third's long-standing commitment to Ohio communities, combined with their comprehensive banking services and local decision-making capabilities, makes them an excellent choice for Homer residents seeking reliable mortgage financing with established institutional backing.
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Frequently Asked Questions
Common questions about mortgage lending in Homer, OH
Are there any special mortgage programs for first-time homebuyers in Homer, OH?
Yes, Ohio offers statewide programs like the Ohio Housing Finance Agency (OHFA) loans, which provide competitive rates, down payment assistance, and tax credits. These programs are accessible to Homer residents and are particularly valuable given the area's median home prices, helping to make homeownership more affordable with lower upfront costs.
How do property taxes in Licking County affect my mortgage payments in Homer?
Licking County property taxes are a significant component of your monthly escrow payment. The current effective tax rate in the county is approximately 1.25% to 1.5% of assessed value. Your lender will calculate this into your monthly payment, so when budgeting for a home in Homer, factor in this local tax rate alongside your principal and interest.
What is the typical down payment needed for a home in Homer's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many local lenders in the area work with buyers putting down as little as 3% (conventional) or 3.5% (FHA). Given Homer's relatively affordable housing market compared to larger Ohio cities, a lower down payment can be a feasible strategy for many buyers to enter the market sooner.
Are USDA rural housing loans available for properties in Homer, OH?
Yes, absolutely. Homer is classified as a rural area by the USDA, making most properties in and around the village eligible for USDA Section 502 Guaranteed Loans. This is a popular option here as it allows for 100% financing (no down payment) for eligible borrowers, which is a major advantage in this market.
How does the appraisal process work for a unique or older home in Homer?
Homer has many charming, older homes. It's crucial to work with a lender who uses appraisers familiar with Licking County's older housing stock. They will properly assess the value based on local comparable sales and understand how functional obsolescence or historic features impact value, ensuring the appraisal supports your loan amount.
Nearby Cities
Explore mortgage lenders in cities near Homer, OH
Why Choose a Mortgage Lender in Homer?
Local Market Knowledge
Lenders who understand Homer'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 Homer and get competitive rates on your home loan.