The Best Mortgage Lenders in Johnstown, OH
Compare verified mortgage lenders serving Johnstown, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Johnstown
Featured Mortgage Lenders
Mortgage Broker
Guaranteed Rate
Guaranteed Rate is one of the top-rated mortgage lenders serving the Columbus metropolitan area including Johnstown, known for their digital mortgage experience and competitive rates. With over 20 years in business, they offer a streamlined online application process combined with local expert guidance. They consistently receive exceptional reviews for their responsive service, transparency throughout the loan process, and ability to close loans quickly. Their extensive loan product portfolio caters to all types of borrowers including first-time homebuyers and veterans.
Loan Types:
Mortgage Department
Kemba Credit Union
Kemba Credit Union has been serving central Ohio communities including Johnstown for nearly three decades with exceptional mortgage services. As a member-owned financial institution, they offer highly competitive rates and personalized service that larger banks often can't match. They're particularly praised for their construction and renovation loan expertise, making them ideal for buyers looking to build or remodel in the Johnstown area. Their local decision-making process and community-focused approach have earned them outstanding customer satisfaction ratings.
Loan Types:
Mortgage Loan Officer
New American Funding
New American Funding brings strong local presence to the Johnstown market through their Columbus office, offering specialized programs including their signature "I CAN" mortgage for self-employed borrowers. They're particularly recognized for their work with diverse communities and first-time homebuyer programs. With nearly two decades of experience, they provide exceptional service for jumbo loans and portfolio lending options. Customers consistently praise their educational approach, clear communication throughout the process, and flexibility in finding solutions for unique financial situations.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Johnstown, OH
Are there any local down payment assistance programs available for homebuyers in Johnstown, Ohio?
Yes, homebuyers in Johnstown can access statewide programs like the Ohio Housing Finance Agency's (OHFA) "Your Choice! Down Payment Assistance," which offers 2.5% or 5% of the purchase price as a grant or forgivable loan. Additionally, Licking County may offer specific programs, so it's wise to consult with a local lender familiar with both state and county-level resources to maximize your assistance options.
How do property taxes in Licking County impact my mortgage payments in Johnstown?
Licking County property taxes are a significant component of your monthly mortgage escrow payment. The county's effective tax rate is moderately high compared to national averages, which can increase your total monthly payment. It's crucial to get an accurate estimate of taxes on any property you're considering, as they directly affect your debt-to-income ratio and overall loan affordability.
What are typical mortgage rates offered by local lenders in the Johnstown area?
Mortgage rates in Johnstown are generally aligned with national averages but can vary slightly between local community banks, credit unions like Kemba Credit Union or Telhio Credit Union, and national lenders. Local lenders often have a deep understanding of the area's stable, rural-suburban market and may offer competitive terms, especially for well-qualified buyers or those using OHFA programs.
As a first-time homebuyer in Johnstown, what special loan programs should I explore?
First-time buyers should prioritize the OHFA's first-time homebuyer programs, which offer competitive interest rates, down payment assistance, and even mortgage tax credits. Furthermore, exploring USDA Rural Development loans is highly recommended, as eligible areas in and around Johnstown may qualify for these no-down-payment loans, which are perfect for the region's character.
Does the appraisal process in Johnstown's housing market present any unique challenges?
Appraisals in Johnstown's mixed market—featuring both newer subdivisions and historic homes—can require appraisers with specific local knowledge. Finding comparable sales ("comps") for unique or rural properties can sometimes be a challenge, potentially affecting the appraised value. Working with a lender who uses appraisers familiar with Licking County is key to a smooth process.
Why Choose a Mortgage Lender in Johnstown?
Local Market Knowledge
Lenders who understand Johnstown'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 Johnstown and get competitive rates on your home loan.