The Best Mortgage Lenders in Masury, OH
Compare verified mortgage lenders serving Masury, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Masury
Featured Mortgage Lenders
Farmers National Bank Mortgage Department
The Farmers National Bank of Canfield
As one of the most established community banks in the Mahoning Valley, Farmers National Bank has been serving the Masury area for over 135 years. Their mortgage department receives exceptional ratings for personalized service, local underwriting decisions, and competitive rates. With deep roots in Trumbull County, they understand the local real estate market and offer a full range of mortgage products with the personal touch of a community bank. Their loan officers have extensive experience with both purchase and refinance transactions in the region.
Loan Types:
CrossCountry Mortgage - Youngstown Office
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Youngstown office serves the entire Mahoning Valley region including Masury, with highly-rated mortgage specialists who understand the local market. They receive outstanding reviews for their responsive service, competitive rates, and expertise with various loan programs. As a direct lender with in-house underwriting, they can often provide faster closings and more personalized service than larger national banks. Their local team has extensive experience helping borrowers throughout Trumbull County navigate the home financing process.
Loan Types:
7 17 Credit Union Mortgage Center
7 17 Credit Union
Serving the greater Youngstown-Warren metropolitan area including Masury, 7 17 Credit Union has been a trusted financial institution for generations. Their mortgage department receives excellent ratings for member service, competitive rates, and local decision-making. As a credit union, they often offer lower fees and more flexible underwriting than traditional banks. They have particular expertise with first-time homebuyer programs and offer comprehensive mortgage counseling to help members make informed decisions. Their long-standing presence in the community ensures they understand the local real estate market dynamics.
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Frequently Asked Questions
Common questions about mortgage lending in Masury, OH
Are there any specific down payment assistance programs available for homebuyers in Masury, Ohio?
Yes, homebuyers in Masury can access statewide programs like the Ohio Housing Finance Agency's (OHFA) "Your Choice! Down Payment Assistance," which offers 2.5% or 5% of the loan amount as a grant. Additionally, Trumbull County may offer local programs, so it's wise to consult with a lender familiar with the area to explore all available options for this specific community.
How do property taxes in Trumbull County impact my mortgage payments in Masury?
Trumbull County property taxes are a significant component of your monthly escrow payment. The current effective tax rate in the county is approximately 1.55% of assessed value, which is moderately high compared to national averages. Your lender will calculate this into your Debt-to-Income (DTI) ratio, so it's crucial to budget for this local expense when determining how much house you can afford in Masury.
What types of properties are most common for mortgage lending in Masury, and does this affect loan choices?
Masury primarily features single-family homes, many of which are older, established properties. This makes conventional loans and FHA loans (which are lenient on property condition) very common. VA loans are also popular due to the proximity to the Youngstown Air Reserve Station. Appraisals in the area will pay close attention to the condition and comparable sales of these older homes.
As a first-time homebuyer in Masury, what local resources should I be aware of?
First-time buyers should connect with the Trumbull County Planning Commission and HUD-approved housing counseling agencies in the Youngstown/Warren area. These resources offer homebuyer education courses that are often required for OHFA programs. They can also provide guidance on navigating the purchase of Masury's typically affordable, older housing stock.
How do mortgage rates and fees in Masury compare to the broader Youngstown-Warren-Boardman metro area?
Mortgage rates in Masury are generally consistent with the wider Tri-County area (Mahoning, Trumbull, Columbiana), as they are set by national markets. However, lender origination fees and closing costs can vary. It's highly recommended to compare Loan Estimates from at least one local community bank or credit union in the Brookfield/Masury area alongside larger regional lenders to ensure competitive terms.
Why Choose a Mortgage Lender in Masury?
Local Market Knowledge
Lenders who understand Masury'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 Masury and get competitive rates on your home loan.