The Best Mortgage Lenders in Kenton, OH
Compare verified mortgage lenders serving Kenton, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kenton
Featured Mortgage Lenders
The Union Bank Company
The Union Bank Company
As a family-owned community bank with over a century of service, The Union Bank Company is deeply embedded in the Kenton area, offering personalized mortgage solutions with competitive rates. Known for its exceptional customer service and local expertise, it provides a wide range of loan options tailored to first-time homebuyers and seasoned investors alike. Their long-standing reputation for reliability and community involvement makes them a top choice for mortgages in Hardin County.
Loan Types:
Superior Credit Union
Superior Credit Union
Superior Credit Union is a member-owned financial institution serving Hardin County and the broader region, including Kenton. It is highly rated for its low-rate mortgages, transparent processes, and outstanding member service. With a focus on community support and flexible loan programs, such as first-time homebuyer assistance, it has built a strong track record of customer satisfaction and financial stability over decades.
Loan Types:
Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage is a nationwide lender with a strong presence in Ohio, including service to Kenton, known for competitive rates and a customer-centric approach. Founded in 2000, it combines innovation with personalized service, offering a diverse portfolio of loan products. High customer ratings reflect its efficiency, transparency, and ability to streamline the mortgage process, making it a reliable option for homebuyers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Kenton, OH
What are the current mortgage rates like in Kenton, OH, and how do they compare to the state average?
Mortgage rates in Kenton typically align closely with national and Ohio state averages, but local lenders may offer competitive rates due to the community-focused banking environment. As of recent trends, rates in Hardin County can be slightly more favorable than in larger metropolitan areas due to lower overall risk. It's best to compare offers from local credit unions like Superior Credit Union or banks with a strong regional presence for the most competitive terms.
Are there any down payment assistance programs specifically for homebuyers in Kenton, OH?
Yes, Kenton homebuyers can access the Ohio Housing Finance Agency's (OHFA) programs, which offer down payment assistance grants and affordable first mortgages statewide. Additionally, local programs may be administered through the City of Kenton or Hardin County, often targeting specific neighborhoods for revitalization. Consulting with a local lender familiar with these programs is crucial, as they can guide you through the eligibility requirements and application process.
How does the appraisal process work in Kenton's unique housing market, which includes a mix of historic and newer homes?
Appraisals in Kenton require an appraiser familiar with the local market dynamics, including the value of well-maintained historic homes near the downtown square versus newer constructions on the outskirts. Comparable sales ("comps") are drawn from a relatively small pool, so an appraiser's local expertise is vital to ensure an accurate valuation that reflects Kenton's specific property types and neighborhood trends.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Kenton?
Hardin County property taxes are a key component of your monthly escrow payment and are generally moderate compared to urban counties in Ohio. Homeowners insurance costs in Kenton can be affordable but may be influenced by factors like the age of the home (e.g., older wiring or plumbing) and the need for additional coverage like a sump pump endorsement due to the area's flat topography. Your lender will help you estimate these costs accurately during pre-approval.
Are USDA Rural Development loans a viable option for buying a home in or near Kenton, OH?
Absolutely. Kenton and much of Hardin County are eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is a popular and advantageous program in the area, making homeownership more accessible. You'll need to work with a USDA-approved lender and ensure the specific property meets the program's location and condition requirements.
Why Choose a Mortgage Lender in Kenton?
Local Market Knowledge
Lenders who understand Kenton'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 Kenton and get competitive rates on your home loan.