The Best Mortgage Lenders in Louisville, OH
Compare verified mortgage lenders serving Louisville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Louisville
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service and competitive rates, serving the Louisville area through its Canton office. With nearly three decades of experience, they specialize in a wide range of loan products and have built a strong reputation for transparency and efficiency. Their high customer satisfaction scores and numerous industry awards make them a trusted choice for homebuyers in Stark County and surrounding regions.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated national lender with a strong local presence in Ohio, offering personalized service and fast loan processing for Louisville residents. Founded in 2008, they emphasize community involvement and customer-centric approaches, with competitive rates and a variety of loan options. Their dedication to streamlining the mortgage process and positive client feedback underscores their reliability and expertise in the regional market.
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New American Funding
New American Funding
New American Funding is a reputable lender with over two decades of experience, serving the Louisville area through its Ohio offices. They are praised for their diverse loan portfolio, including programs for first-time buyers and underserved communities, and have consistently high ratings for customer support and rate competitiveness. Their commitment to innovation and community outreach makes them a standout option for borrowers seeking reliable and inclusive mortgage solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Louisville, OH
Are there any down payment assistance programs specifically for first-time homebuyers in Louisville, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, including grants for down payment and closing costs, which are accessible to eligible buyers in Louisville. Additionally, Stark County, where Louisville is located, may have local initiatives or CHIP (Community Housing Improvement Program) funds. It's best to consult with a local lender familiar with these Ohio-specific programs to determine your eligibility.
How do property taxes in Louisville, OH, impact my monthly mortgage payment?
Property taxes in Louisville and Stark County are a significant component of your monthly escrow payment. Stark County's effective tax rate is moderately high compared to national averages, which can increase your total monthly payment. Your lender will use the county's assessed value and millage rates to accurately estimate this cost, which is crucial for budgeting in this market.
What types of properties are common in Louisville's mortgage market, and does that affect loan choices?
Louisville's housing stock features many single-family homes, often with larger lots, and a notable number of older, historic properties. This prevalence of older homes makes FHA 203(k) renovation loans or conventional loans with escrow holdbacks for repairs a practical and popular choice for buyers, as standard financing may not cover homes needing updates.
Is it difficult to get a USDA rural development loan in Louisville, Ohio?
No, it is not difficult and is actually a highly relevant option. Most of Louisville and its surrounding areas in Stark County are eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a major advantage for qualified buyers in this community, making homeownership more accessible despite the non-urban setting.
How competitive is the mortgage lending environment in Louisville, OH, and should I use a local bank?
The market is competitive with a mix of local community banks, credit unions, and national lenders. Using a local lender, such as a Stark County-based bank or credit union, can provide distinct advantages. They often have deeper knowledge of area-specific property values, appraisal processes, and can offer more personalized service, which is beneficial in a smaller, close-knit market like Louisville.
Nearby Cities
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Why Choose a Mortgage Lender in Louisville?
Local Market Knowledge
Lenders who understand Louisville'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 Louisville and get competitive rates on your home loan.