The Best Mortgage Lenders in Lewistown, OH
Compare verified mortgage lenders serving Lewistown, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lewistown
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Ohio, including service to Lewistown. Known for competitive rates and a streamlined online application process, they excel in customer satisfaction with high ratings for their efficient service and wide range of loan options. Their local Columbus office ensures personalized support for borrowers in the region, backed by over two decades of industry experience and a reputation for reliability.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly regarded lender serving Lewistown and surrounding areas with a focus on community engagement and fast loan processing. They boast excellent customer reviews for their responsive service and expertise in various loan programs, including first-time homebuyer assistance. With a commitment to transparency and local support through their Dublin office, they have built a strong track record of customer satisfaction and competitive financing solutions.
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New American Funding
New American Funding
New American Funding is a reputable national lender with a dedicated Columbus office that serves Lewistown, offering a diverse portfolio of loan products and emphasizing accessibility for diverse borrowers. They are praised for their competitive rates, educational resources, and high customer service ratings. With over two decades in business, they have a proven history of helping Ohio residents achieve homeownership through flexible terms and reliable support.
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Frequently Asked Questions
Common questions about mortgage lending in Lewistown, OH
What are the current mortgage rates like in Lewistown, Ohio, and how do they compare to state averages?
Mortgage rates in Lewistown typically align closely with national and Ohio state averages, as they are set by larger market forces. However, local credit unions like Civista Bank or Union Savings Bank may occasionally offer very competitive rates or promotions for residents of Mifflin County. It's always wise to get quotes from both local institutions and national lenders to find the best deal for your specific financial situation.
Are there any down payment assistance programs specifically for buyers in Lewistown or Mifflin County?
Yes, homebuyers in Lewistown can access the **Ohio Housing Finance Agency (OHFA)** programs, which are available statewide and offer competitive interest rates and down payment assistance (often 2.5%-5% of the purchase price). While there isn't a city-specific program, working with a local lender familiar with OHFA's guidelines, like those offered by many community banks in the area, is crucial for a smooth application process tailored to the local housing market.
How does the appraisal process work in Lewistown given its rural setting and varied property types?
Appraisals in Lewistown and surrounding Mifflin County can be nuanced due to the mix of in-town properties, older historic homes, and larger rural parcels with acreage. It's important to use a lender who works with appraisers familiar with the local market, as they will know how to properly value features like outbuildings, land, and well/septic systems, which are common outside city limits. Comparable sales ("comps") may sometimes come from a wider geographic area.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Lewistown?
Mifflin County property taxes are generally considered moderate compared to urban areas in Ohio. Your lender will factor in an escrow for these taxes. For insurance, if your property is outside the Lewistown city limits, you may require a separate flood insurance policy if it's in a designated zone, and well/septic inspections might be required by your lender. Always budget for a homeowner's insurance policy that covers structures common in the area, like detached garages or barns.
As a first-time homebuyer in Lewistown, what type of mortgage loan is most common and suitable for the local market?
For first-time buyers in Lewistown's affordable market, conventional loans and FHA loans are both very popular. With median home prices well below state averages, a conventional loan with private mortgage insurance (PMI) can be attainable with a 3-5% down payment. FHA loans are also a strong option for those with lower credit scores or who want a slightly lower down payment minimum. A local loan officer can help you compare which program aligns best with Lewistown's available housing inventory.
Nearby Cities
Explore mortgage lenders in cities near Lewistown, OH
Why Choose a Mortgage Lender in Lewistown?
Local Market Knowledge
Lenders who understand Lewistown'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 Lewistown and get competitive rates on your home loan.