The Best Mortgage Lenders in Lowellville, OH
Compare verified mortgage lenders serving Lowellville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lowellville
Featured Mortgage Lenders
Home Savings and Loan
Home Savings and Loan Company
Home Savings and Loan is one of the most established and highly-rated mortgage lenders in the Mahoning Valley region, serving Lowellville and surrounding communities for over a century. As a community-focused institution headquartered just 15 minutes from Lowellville in Youngstown, they offer personalized service with competitive rates and deep local market expertise. Their mortgage specialists provide comprehensive guidance through the entire home financing process, with particular strength in first-time homebuyer programs and construction loans. The company maintains an exceptional reputation for customer service and community involvement throughout the Youngstown metropolitan area.
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First National Bank of Pennsylvania
F.N.B. Corporation
First National Bank of Pennsylvania has a strong presence throughout the Mahoning Valley with multiple branches serving Lowellville residents. As one of the largest regional banks in the area, FNB offers a comprehensive range of mortgage products with competitive rates and flexible terms. Their local loan officers provide personalized service with deep knowledge of the Lowellville and Youngstown area housing markets. The bank is particularly noted for their first-time homebuyer programs and streamlined digital mortgage application process, combined with the convenience of local branch access for in-person service when needed.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage maintains a strong local presence in the Youngstown area with their Boardman office located just 20 minutes from Lowellville. As a nationwide lender with deep local roots, they combine the resources of a large mortgage company with personalized service from local loan officers who understand the specific needs of Lowellville homebuyers. Guild is particularly recognized for their expertise in government-backed loans (FHA/VA) and their innovative portfolio of mortgage products. They consistently receive high marks for their responsive communication throughout the loan process and their ability to close loans efficiently while maintaining competitive rates.
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Frequently Asked Questions
Common questions about mortgage lending in Lowellville, OH
What are typical down payment requirements for homes in Lowellville, given its median home price?
For Lowellville's median home price, which is typically below state and national averages, many conventional loans require a 3-5% down payment. However, with homes often priced accessibly, local lenders may work with buyers to utilize FHA loans (3.5% down) or even USDA loans, as parts of Mahoning County may qualify for 0% down payment rural development programs.
Are there any local or county-specific first-time homebuyer programs available in Lowellville?
Yes, Lowellville homebuyers should explore the **Mahoning County Land Bank's "Rehabbed & Ready" program**, which offers renovated homes with down payment assistance. Additionally, the **Ohio Housing Finance Agency (OHFA)** offers statewide programs with competitive rates and down payment assistance grants, which are very applicable to Lowellville's market.
How do property taxes in Lowellville and Mahoning County impact my mortgage payment and qualification?
Mahoning County property taxes are a significant component of your monthly payment. The effective tax rate in Lowellville is moderately high for Ohio, so lenders will carefully calculate this into your debt-to-income ratio. It's crucial to get an accurate tax estimate, as escrow payments can add $150-$300 or more to your monthly mortgage payment.
What should I know about getting a mortgage for an older, historic home in Lowellville?
Lowellville has many charming older homes, which may require specialized financing. An FHA 203(k) renovation loan or a conventional HomeStyle loan is often recommended to finance both purchase and repairs. Be prepared for a stricter appraisal that may require certain repairs (like outdated wiring or roofing) to be addressed for loan approval.
Are mortgage rates in Lowellville different from the national average, and which local lenders are most familiar with the market?
Mortgage rates are generally set by national markets, but your final rate depends on your financial profile and the lender. Working with a local credit union, like **7 17 Credit Union** or a community bank with deep roots in the Mahoning Valley, can be advantageous. They often have a better understanding of local property values and may offer competitive portfolio loan products.
Nearby Cities
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Why Choose a Mortgage Lender in Lowellville?
Local Market Knowledge
Lenders who understand Lowellville'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 Lowellville and get competitive rates on your home loan.