The Best Mortgage Lenders in Latty, OH
Compare verified mortgage lenders serving Latty, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Latty
Featured Mortgage Lenders
Farmers & Merchants State Bank
Farmers & Merchants State Bank
As the premier community bank serving Paulding County and surrounding areas including Latty, Farmers & Merchants State Bank has built an exceptional reputation over a century of service. They offer personalized mortgage solutions with local decision-making, competitive rates, and deep community roots. Their mortgage team provides customized guidance through every step of the home financing process, making them a top choice for Latty residents seeking reliable, local mortgage services with outstanding customer satisfaction ratings.
Loan Types:
Superior Credit Union
Superior Credit Union
Superior Credit Union has been serving Northwest Ohio communities including Paulding County and Latty for decades with exceptional mortgage products and member-focused service. As a not-for-profit financial cooperative, they offer highly competitive rates and fees, along with personalized mortgage guidance. Their experienced loan officers specialize in helping members navigate the entire mortgage process, from pre-approval to closing, with numerous positive reviews highlighting their responsive service and competitive financing options.
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Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage is a highly-regarded regional mortgage lender headquartered in Ohio with strong presence throughout Northwest Ohio, including service to Latty and Paulding County. With nearly four decades of experience, they offer a comprehensive range of mortgage products and have built a reputation for competitive rates and exceptional customer service. Their local loan officers provide personalized attention and expertise in rural and small-town financing, making them an excellent choice for Latty homebuyers seeking professional mortgage services with regional expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Latty, OH
What are the typical down payment requirements for homes in Latty, Ohio, given its rural market?
In Latty's affordable rural market, many conventional loans are available with down payments as low as 3-5%. For the area's median home price, this often translates to a very manageable upfront cost. Local lenders are also familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties and borrowers in Paulding County.
Are there any local or state-specific first-time homebuyer programs that are particularly useful in Latty?
Yes, the **Ohio Housing Finance Agency (OHFA)** offers several valuable programs, including down payment assistance grants and competitive first-mortgage rates, which are accessible to Latty buyers. Given Latty's home prices, these programs can cover a significant percentage of the down payment or closing costs, making homeownership very attainable for qualified first-time buyers.
How do property taxes in Paulding County impact my mortgage payment and qualification in Latty?
Paulding County has relatively low property tax rates compared to urban Ohio counties, which is a benefit for your debt-to-income (DTI) ratio and monthly payment. Your lender will use the specific tax rate for Latty's township when calculating your escrow, but overall, the lower tax burden can help you qualify for a slightly higher loan amount.
What should I know about getting a mortgage for a home with acreage or agricultural land in the Latty area?
Financing properties with significant acreage (typically over 10 acres) often requires a specialized "rural" or "non-conforming" loan product. Local lenders and credit unions, like the Paulding County Credit Union, have expertise in these types of loans and understand how to properly appraise the land value alongside the home, which national online lenders may not.
Is a home inspection especially important when getting a mortgage in Latty, and does it affect the loan?
Absolutely. While the lender requires an appraisal, a separate, thorough home inspection is critical in Latty's older housing stock to identify issues with well water systems, septic tanks, foundations, and aging roofs. Major repair needs uncovered in an inspection can become a condition for loan approval or allow you to renegotiate the purchase price.
Why Choose a Mortgage Lender in Latty?
Local Market Knowledge
Lenders who understand Latty'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 Latty and get competitive rates on your home loan.