The Best Mortgage Lenders in Medina, OH
Compare verified mortgage lenders serving Medina, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Medina
Featured Mortgage Lenders
Mortgage Loan Officer
Third Federal Savings & Loan
Third Federal Savings & Loan is a highly respected regional lender serving Medina County with exceptional customer satisfaction ratings. As a mutual institution owned by its customers rather than shareholders, they prioritize client needs over profits. They're particularly renowned for their competitive mortgage rates, low closing costs, and outstanding customer service. With deep roots in Northeast Ohio since 1938, they understand the local Medina housing market and offer personalized service through their nearby Wadsworth branch, making them a top choice for Medina homebuyers seeking reliability and competitive pricing.
Loan Types:
Mortgage Department
Huntington National Bank
Huntington National Bank maintains a strong physical presence in Medina with their local branch and has built an excellent reputation for mortgage lending throughout Ohio. They offer a comprehensive range of mortgage products with competitive rates and have particularly strong customer satisfaction ratings for their personalized service and local decision-making capabilities. Their "24-Hour Mortgage" program provides quick pre-approvals, and their local loan officers have extensive knowledge of Medina's specific housing market dynamics. As an established bank with over 150 years of history, they provide stability and trust that Medina homebuyers value.
Loan Types:
Mortgage Loan Originator
Union Home Mortgage
Union Home Mortgage operates a dedicated Medina office and has established itself as one of the top mortgage lenders in the area through exceptional service and local expertise. As an Ohio-based company founded in Strongsville, they have deep understanding of the Medina County market and strong relationships with local real estate professionals. They're particularly praised for their responsive communication, streamlined process, and ability to handle complex loan scenarios. Their local presence ensures face-to-face service throughout the mortgage process, and their extensive product portfolio caters to all types of Medina homebuyers from first-time purchasers to luxury property investors.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Medina, OH
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Medina, OH?
Yes, Medina homebuyers can access statewide programs like Ohio Heroes and the Grants for Grads program, which offer down payment assistance and reduced interest rates. Additionally, the Medina County Home Consortium occasionally administers local funds for down payment and closing cost assistance, so it's wise to check their current offerings and eligibility requirements.
How do property taxes in Medina County impact my monthly mortgage payment and qualification?
Medina County property taxes are relatively moderate for Northeast Ohio but are a significant component of your escrow payment. Lenders will factor these taxes into your debt-to-income ratio during qualification. It's crucial to get an accurate estimate of taxes for your specific property, as rates can vary between the city, township, and school district.
What is a typical down payment expectation for a conventional loan on a home in Medina's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Medina successfully purchase with 5%, 10%, or 15% down, especially with competitive conventional loan products. Given the steady demand for Medina's historic charm and good schools, being prepared with at least 5-10% down can strengthen your offer in a multiple-bid situation.
Are USDA rural development loans available for homes in or near Medina, OH?
Yes, parts of Medina County, including areas on the outskirts of the city, are eligible for USDA loans, which offer 100% financing (no down payment). A USDA eligibility map can confirm if a specific property qualifies, making this a powerful tool for eligible buyers looking at more rural lots or surrounding townships.
How does Medina's housing inventory affect the mortgage pre-approval process?
With Medina's housing inventory often being tight, especially for move-in ready homes, having a strong, verified pre-approval from a local lender is critical. Sellers favor buyers with solid pre-approvals from reputable institutions, as it demonstrates serious buying capability and can help your offer stand out in a competitive market.
Nearby Cities
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Why Choose a Mortgage Lender in Medina?
Local Market Knowledge
Lenders who understand Medina'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 Medina and get competitive rates on your home loan.