The Best Mortgage Lenders in Kent, OH
Compare verified mortgage lenders serving Kent, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kent
Featured Mortgage Lenders
Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage is a highly-rated lender with deep roots in Ohio, serving Kent and surrounding areas since 1990. They are renowned for their personalized customer service, competitive mortgage rates, and extensive loan options, including specialized programs for first-time homebuyers. With a strong local presence and numerous positive reviews highlighting their reliability and efficiency, they have built a reputation as a trusted partner in home financing throughout Northeast Ohio.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has been a top performer in the mortgage industry since 1996, with a strong track record of serving Kent and the Akron-Canton region. They excel in providing a wide range of loan products with competitive rates and exceptional customer support. Their team is known for guiding clients through the entire mortgage process smoothly, earning high marks for transparency and responsiveness in customer feedback.
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Third Federal Savings & Loan
Third Federal Savings and Loan Association of Cleveland
Top-rated mortgage lender serving Kent, Ohio.
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Frequently Asked Questions
Common questions about mortgage lending in Kent, OH
Are there any special down payment assistance programs for first-time homebuyers in Kent, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, including grants for down payment and closing costs, which are widely utilized in Kent. Additionally, local lenders often partner with OHFA and may have specific knowledge of any Portage County or city-level initiatives aimed at helping buyers, such as teachers or municipal employees, purchase their first home in the area.
How does being in a college town like Kent affect the mortgage and homebuying process?
Kent's status as a home to Kent State University creates a dynamic rental market, which can make investment property mortgages appealing for some buyers. For primary residences, lenders will closely scrutinize debt-to-income ratios for university employees with potentially variable income, like adjunct faculty. Furthermore, appraisals in neighborhoods with high student occupancy may compare your property more heavily to other rentals.
What are typical property taxes like in Kent, and how do they impact my mortgage payment?
Property taxes in Portage County, where Kent is located, are generally moderate compared to larger Ohio metros. The current effective tax rate in Kent is approximately 1.5% to 1.8% of the home's assessed market value. Your lender will calculate these taxes into your monthly escrow payment, and it's wise to budget for potential increases following a home purchase reassessment.
Are USDA rural development loans available for homes in Kent, Ohio?
While much of the city of Kent itself is not eligible for USDA loans due to its population density, several surrounding areas in Portage County, including parts of Franklin Township and Brimfield, are USDA-eligible. This can be a valuable zero-down-payment option for buyers willing to look just outside the immediate city limits for a qualifying property.
How competitive is the mortgage pre-approval process in Kent's current housing market?
The Kent market remains competitive, especially for well-priced, single-family homes in desirable neighborhoods like West Side or near the KSU campus. A strong pre-approval from a reputable local lender, often with a quick underwriting turnaround, is essential to make a compelling offer. Local lenders familiar with Portage County appraisers and title companies can sometimes provide a speed advantage.
Why Choose a Mortgage Lender in Kent?
Local Market Knowledge
Lenders who understand Kent'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 Kent and get competitive rates on your home loan.