The Best Mortgage Lenders in Leesburg, OH
Compare verified mortgage lenders serving Leesburg, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Leesburg
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly rated national mortgage lender with a strong regional presence in Ohio, including service to Leesburg. Known for its digital-first approach and competitive rates, the company has earned a reputation for excellent customer service and efficient loan processing. With over two decades of experience, they offer a wide range of loan products and have consistently high ratings from borrowers for transparency and support throughout the mortgage process. Their Columbus office provides localized service for clients in Highland County and surrounding areas.
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New American Funding
New American Funding
New American Funding is a top-rated mortgage lender with a dedicated team serving Ohio, including Leesburg residents. They are praised for their diverse loan options, particularly strength in FHA and VA loans, and commitment to community outreach. With over 20 years in business, they have built a strong record of customer satisfaction, offering personalized service and competitive rates. Their Columbus branch ensures local support for homebuyers in rural and urban areas alike, with many reviews highlighting their responsiveness and expertise.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is renowned for its exceptional customer service and comprehensive loan products, serving Leesburg and the broader Ohio region from its Cincinnati office. With nearly three decades of experience, they have a proven track record of helping borrowers with competitive rates and a smooth application process. They are highly rated for their integrity, local loan officer support, and ability to handle various mortgage types, making them a trusted choice for first-time homebuyers and refinancers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Leesburg, OH
What are the typical down payment requirements for homes in Leesburg, OH, given its market?
For the majority of homes in Leesburg and Highland County, conventional loans with a 3-5% down payment are common, especially for first-time buyers. However, given the prevalence of USDA-eligible rural areas in and around Leesburg, many buyers can qualify for a USDA loan which requires **0% down payment**. Local lenders are very familiar with the specific property eligibility maps for this area.
Are there any special mortgage programs for first-time homebuyers in Leesburg, OH?
Yes, Ohio offers the **OHFA (Ohio Housing Finance Agency) First-Time Homebuyer Program**, which provides competitive interest rates, down payment assistance, and closing cost assistance. This program is accessible to buyers in Leesburg and can be combined with other local initiatives. Working with a lender approved by OHFA is essential to access these benefits.
How do property taxes in Leesburg and Highland County affect my mortgage payment?
Highland County has relatively modest property tax rates compared to Ohio's urban counties. Your lender will calculate an escrow payment for taxes as part of your monthly mortgage payment. It's wise to confirm the exact tax amount for a specific property, as rates can vary slightly between townships, but overall, property taxes in Leesburg are a manageable component of homeownership costs.
What type of home appraisal challenges are common in the Leesburg, OH, area?
Appraisals in a smaller, rural market like Leesburg can sometimes be challenging due to fewer comparable home sales ("comps"). This is especially true for unique properties or homes on larger lots. Using a local lender who works with appraisers familiar with Highland County is crucial to ensure an accurate valuation that reflects the local market conditions.
Is homeowner's flood insurance typically required for mortgages in Leesburg, OH?
Generally, mandatory flood insurance is not a common requirement for most Leesburg properties, as large portions of the town are outside high-risk flood zones. However, lenders will still require a flood zone determination. If you are looking at a property near the Leesburg Creek or other waterways, it's important to check the specific FEMA flood maps, as insurance could be required or highly recommended.
Nearby Cities
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Why Choose a Mortgage Lender in Leesburg?
Local Market Knowledge
Lenders who understand Leesburg'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 Leesburg and get competitive rates on your home loan.