The Best Mortgage Lenders in Lakeville, OH
Compare verified mortgage lenders serving Lakeville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lakeville
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong presence in Northeast Ohio, serving Lakeville and surrounding areas. Known for exceptional customer service and competitive rates, they have consistently high ratings due to their personalized approach, extensive loan options, and efficient processing. Their local Canton office provides dedicated support for rural and suburban communities, making them a trusted choice for homebuyers in Holmes County.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly regarded national mortgage lender with a robust local office in Dublin, OH, that actively serves the Lakeville area. They excel in offering digital mortgage solutions with competitive rates, quick approvals, and a wide range of loan products. Their high customer satisfaction stems from transparent processes, expert guidance, and strong community involvement in Ohio, making them a reliable option for both first-time and experienced buyers.
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loanDepot
loanDepot, LLC
loanDepot is a prominent mortgage lender with a strong regional presence in Central Ohio, extending services to Lakeville and nearby rural communities. They are praised for their innovative technology, flexible loan options, and commitment to customer education. With a focus on simplifying the mortgage process and offering competitive rates, loanDepot has built a reputation for reliability and responsiveness, supported by numerous positive reviews from Ohio homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Lakeville, OH
What are the current mortgage rates like in Lakeville, OH, and how do they compare to national averages?
Mortgage rates in Lakeville typically align closely with Ohio state averages, which can be slightly lower than the national average due to the state's competitive lending market and lower cost of living. However, rates are highly individual, based on credit score and loan type. It's advisable to compare offers from local community banks, like Farmers & Savings Bank, and regional lenders who understand the Ashland County market.
Are there any down payment assistance programs specifically for buyers in Lakeville or Ashland County?
Yes, homebuyers in Lakeville can access statewide programs like Ohio Heroes, which offers a grant for down payment and closing costs for eligible professions, and the Ohio Housing Finance Agency's (OHFA) First-Time Homebuyer program. While not city-specific, these programs are widely used in Ashland County and can be paired with mortgages from OHFA-approved lenders serving the area.
How does the appraisal process work for a rural property in Lakeville, given its location?
Appraising rural properties in Lakeville can be more complex than in urban areas. Appraisers must consider well and septic systems (as municipal water/sewer is limited), land value, and comparable sales that may be farther apart. Using a lender familiar with Ashland County's rural market is crucial, as they will work with appraisers who understand these unique property characteristics.
What should I know about property taxes when getting a mortgage for a home in Lakeville?
Property taxes in Lakeville are governed by Hanover Township (Ashland County) and local school districts. Ashland County's effective tax rates are generally moderate for Ohio. Your lender will calculate an escrow payment for these taxes as part of your monthly mortgage. It's wise to review the recent tax history of any property, as rates can vary between townships.
Are USDA Rural Development loans a common and good option for mortgages in Lakeville, OH?
Absolutely. Given Lakeville's rural designation by the USDA, many homes and buyers in the area qualify for USDA loans, which offer 100% financing (no down payment). This is a highly popular and advantageous program here, as it eliminates the largest barrier to entry for buyers. Eligibility is based on income limits and the property location, which most of Lakeville meets.
Nearby Cities
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Why Choose a Mortgage Lender in Lakeville?
Local Market Knowledge
Lenders who understand Lakeville'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 Lakeville and get competitive rates on your home loan.