The Best Mortgage Lenders in Latham, OH
Compare verified mortgage lenders serving Latham, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Latham
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly rated lender with a strong reputation for exceptional customer service and competitive mortgage rates. Founded in 1996, they have over 28 years of experience and serve Ohio extensively, including rural areas like Latham. They offer a wide range of loan products and are known for their personalized approach, fast closings, and high customer satisfaction, making them a top choice for homebuyers in the region.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender known for its diverse loan options and commitment to serving all communities, including those in Ohio. Founded in 2003, they have 21 years of experience and are praised for their competitive rates, responsive service, and efforts in promoting homeownership. With a strong local presence in Columbus and surrounding areas, they reliably serve Latham homebuyers with excellent customer support.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its efficient processing, competitive rates, and outstanding customer service. Founded in 2008, they have 16 years of experience and a strong track record in Ohio, including serving areas like Latham. They focus on making the mortgage process smooth and transparent, with a reputation for quick approvals and dedicated support, earning them high ratings and customer loyalty.
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Frequently Asked Questions
Common questions about mortgage lending in Latham, OH
What are the typical down payment requirements for homes in Latham, OH, given its rural market?
In Latham's more affordable market, many conventional loans are available with down payments as low as 3-5%. For the area's median home price, this can mean a significantly lower upfront cash requirement compared to urban Ohio markets. Local lenders are also familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties and borrowers in this qualifying area.
Are there any local or county-specific first-time homebuyer programs available in Latham?
Yes, homebuyers should explore the **Pike County Homeownership Program**. This local initiative can provide down payment and closing cost assistance in the form of a deferred, forgivable loan for income-eligible first-time buyers purchasing within the county, including Latham. It's a key resource to discuss with a mortgage lender familiar with Pike County's offerings.
How does the appraisal process work for a manufactured or modular home in Latham, which has many of these property types?
Appraising manufactured homes in Latham requires a specialist familiar with this property type, as they must be classified as real property (permanently affixed to land you own) to qualify for traditional financing. Lenders working in Pike County will ensure the appraiser uses proper comparables ("comps") from nearby rural areas, not just Latham itself, to establish an accurate value.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Latham?
Pike County property taxes are relatively low, but you must factor in the cost of private mortgage insurance (PMI) if your down payment is below 20%. Furthermore, because Latham lacks a municipal fire department and relies on volunteer services, homeowners insurance premiums can be slightly higher than in cities with full-time departments, which impacts your total monthly escrow payment.
Is it difficult to get a mortgage for a home on a large parcel of land in the Latham area?
Financing homes on large lots (several acres or more) is common but requires a lender experienced with rural properties. The key is that the value must be primarily in the home, not the land. Lenders will typically only finance land value typical for the area (e.g., 1-5 acres); excess acreage may not contribute much to the appraised value, potentially affecting loan-to-value ratios.
Nearby Cities
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Why Choose a Mortgage Lender in Latham?
Local Market Knowledge
Lenders who understand Latham'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 Latham and get competitive rates on your home loan.