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Loudonville, OH

The Best Mortgage Lenders in Loudonville, OH

Compare verified mortgage lenders serving Loudonville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
650+
Reviews
10
Loan Types

Available Loan Programs in Loudonville

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
Home Equity
First-time Homebuyer Programs
Construction-to-Permanent

Featured Mortgage Lenders

1

Mortgage Department

Richland Bank

★★★★☆
4.8/5

Richland Bank has been serving North Central Ohio communities for over 25 years with exceptional mortgage services. They maintain a 4.8-star rating across multiple review platforms with particular praise for their personalized service and competitive rates. As a community bank with deep roots in the region, they understand the specific needs of Loudonville area homebuyers. Their mortgage team offers comprehensive guidance through the entire home buying process, from pre-approval to closing, with local decision-making that ensures timely responses.

Experience:22 years
Reviews:180 customer reviews
10 North Main Street, Mansfield, OH 44902

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Mortgage Services

Fifth Third Bank

★★★★☆
4.6/5

Fifth Third Bank maintains a strong presence throughout Ohio with multiple branches serving the Loudonville area. Their mortgage division earns consistent 4.6-star ratings for their extensive loan options and digital mortgage experience. With over 160 years of banking history, they offer stability and reliability that homebuyers trust. Their mortgage specialists provide personalized service with access to competitive rates and special programs for Ohio residents, including down payment assistance options and first-time homebuyer initiatives.

Experience:15 years
Reviews:350 customer reviews
21 Park Avenue West, Mansfield, OH 44902

Loan Types:

ConventionalFHAVAUSDAHome EquityRefinanceFirst-time Homebuyer Programs
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3

Mortgage Center

C&F Mortgage Corporation

★★★★☆
4.7/5

C&F Mortgage Corporation operates as a premier mortgage broker serving the Loudonville and greater Mansfield area with exceptional 4.7-star customer ratings. Their team of experienced loan officers provides access to multiple lenders, ensuring competitive rates and flexible terms. Specializing in both purchase and refinance transactions, they're particularly noted for their responsive communication and ability to handle complex financing scenarios. Their local expertise combined with extensive lender relationships makes them a top choice for Loudonville residents seeking personalized mortgage solutions.

Experience:18 years
Reviews:120 customer reviews
1170 West Fourth Street, Mansfield, OH 44906

Loan Types:

ConventionalFHAVAUSDAJumboConstruction-to-PermanentRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Loudonville, OH

Are there any special mortgage programs for first-time homebuyers in Loudonville, Ohio?

Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, including down payment assistance grants and competitive interest rates, which are accessible to Loudonville residents. Additionally, some local lenders in Ashland County may offer portfolio loans or special programs tailored to the area's moderate-income buyers, so it's wise to consult with a local mortgage broker familiar with these resources.

How does Loudonville's rural location and smaller market affect mortgage appraisals?

Appraisals in Loudonville can be challenging due to fewer comparable home sales ("comps") compared to larger cities. Appraisers often need to look at sales in nearby towns like Ashland or Mansfield, which can sometimes lead to valuation discrepancies. Working with a lender who uses appraisers experienced in the Mohican area is crucial to ensure a fair and accurate property valuation.

What are typical property taxes like for a mortgage in Loudonville, and how do they impact my payment?

Property taxes in Loudonville (Ashland County) are generally moderate. For 2023, the effective tax rate in the Loudonville-Perrysville Exempted Village School District was approximately 1.2% to 1.4% of the home's assessed market value. Your lender will escrow these taxes, significantly impacting your total monthly mortgage payment, so it's a key factor in your affordability calculation.

Are USDA Rural Development loans a viable option for mortgages in Loudonville, OH?

Absolutely. Loudonville's location makes most of the area eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is a highly attractive program for the area, given its rural designation, and can be a perfect fit for eligible individuals or families looking to purchase in the village or surrounding township.

How competitive is the mortgage lending environment in Loudonville, and should I use a local bank?

While you can use national lenders, local banks and credit unions (like Farmers & Savings Bank or Richland Bank) often have a strong presence and deep understanding of the Loudonville real estate market. They may offer more personalized service and flexibility, which can be beneficial for unique properties or for buyers who are self-employed or have non-traditional income common in the local economy.

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Agent is Key to Buying in Loudonville

Searching for "home loan agents near me" in Loudonville is more than just a convenience—it's a strategic first step in your homebuying journey. In a charming, tight-knit market like ours, where properties can range from historic downtown homes to spacious rural lots, having a local expert in your corner makes all the difference. A local agent doesn't just process paperwork; they understand the nuances of the Mohican River Valley and can be your greatest asset in securing the right financing for your dream home.

A home loan agent based in or familiar with Loudonville and Ashland County brings invaluable local market intelligence to the table. They have a pulse on how properties are being appraised in our unique area, which is crucial when considering a home near the Mohican State Park or a fixer-upper on the village's quieter streets. They can advise on what loan amount is realistic and competitive, helping you craft a strong offer in a market where desirable properties may not stay listed for long. Their relationships with local realtors, title companies, and even appraisers can help streamline the entire process, preventing unexpected delays.

For Ohio homebuyers, there are specific regional programs that a knowledgeable local agent can help you navigate. The Ohio Housing Finance Agency (OHFA) offers several first-time homebuyer programs featuring competitive interest rates, down payment assistance, and even grants. These programs have specific eligibility requirements regarding income and property location, and a local agent will know exactly how they apply to Loudonville. They can also advise on USDA Rural Development loans, which are highly relevant for many properties in the surrounding Ashland County area, offering fantastic options for qualified buyers with no down payment required.

Your actionable plan starts with looking beyond the search results. When you find potential agents, ask them these specific questions: "How many loans have you closed in Ashland County in the last year?" "What OHFA programs do you most frequently work with for clients here?" "Can you share an example of a challenge unique to a Loudonville property transaction and how you resolved it?" Their answers will tell you if they have the hands-on experience you need.

Finally, remember that buying a home here is about more than a mortgage; it's about investing in a community. A local home loan agent is invested in that community, too. They are motivated not just to close a deal, but to help a neighbor successfully put down roots. By choosing an agent who knows the lay of the land—from the village's property tax rates to the character of its neighborhoods—you're not just getting a loan, you're gaining a trusted guide for one of life's biggest financial decisions. Start your search locally, ask the right questions, and partner with a professional who can help you unlock the door to your perfect Loudonville home.

Nearby Cities

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Why Choose a Mortgage Lender in Loudonville?

Local Market Knowledge

Lenders who understand Loudonville'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 Loudonville and get competitive rates on your home loan.