The Best Mortgage Lenders in Milford Center, OH
Compare verified mortgage lenders serving Milford Center, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Milford Center
Featured Mortgage Lenders
Brian Stout
Security National Bank
Security National Bank is a highly-rated community bank serving Union County and the Milford Center area with deep local roots. They offer personalized mortgage services with local underwriting and decision-making, providing competitive rates and flexible terms. Their experienced loan officers understand the local real estate market and offer a full range of mortgage products with exceptional customer service. The bank has built a strong reputation for reliability and community commitment over three decades of service.
Loan Types:
Mortgage Department
Kemba Credit Union
Kemba Credit Union serves central Ohio including Milford Center with highly competitive mortgage rates and exceptional member service. As a not-for-profit financial cooperative, they consistently offer lower fees and better terms than many traditional banks. Their mortgage team provides personalized guidance through the entire home buying process, with special programs for first-time homebuyers and flexible underwriting standards. Kemba has earned numerous local awards for customer satisfaction and mortgage lending excellence.
Loan Types:
Local Mortgage Team
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation operates a highly-rated Dublin office that serves the Milford Center area with national lending power and local expertise. They consistently receive top marks for customer service, competitive rates, and efficient loan processing. Their local team provides personalized attention while leveraging the resources of one of America's largest mortgage lenders. Specializing in both purchase and refinance loans, they offer innovative technology for easy application tracking and have won multiple industry awards for customer satisfaction and loan officer performance.
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Frequently Asked Questions
Common questions about mortgage lending in Milford Center, OH
Are there any special first-time homebuyer programs available specifically for Milford Center, OH?
While there are no programs exclusive to Milford Center, homebuyers in this area have access to valuable statewide Ohio programs. The Ohio Housing Finance Agency (OHFA) offers down payment assistance grants and competitive first-time homebuyer loans, which are highly relevant given Milford Center's median home prices. Union County may also have local grant programs, so consulting with a lender familiar with the area is key.
How do property taxes in Union County affect my mortgage payments in Milford Center?
Union County has relatively moderate property tax rates compared to larger Ohio metro areas, which can help keep your total monthly mortgage payment affordable. The current effective tax rate is approximately 1.2-1.4% of the home's assessed value. Your lender will calculate these into your escrow account, and it's wise to budget for potential future levies that can be common in small towns.
What type of mortgage is most common for purchasing a home in Milford Center's market?
Conventional fixed-rate mortgages (30-year and 15-year) are the most popular due to the stable, rural nature of the Milford Center housing market. Given the prevalence of single-family homes and lower price points, many buyers opt for these straightforward loans. USDA Rural Development loans are also a notable option here, as the area qualifies for this zero-down-payment program.
How does Milford Center's rural location impact the mortgage appraisal process?
Appraisals in a small, rural community like Milford Center can be more challenging due to fewer recent comparable home sales ("comps"). This can sometimes lead to appraisal gaps or a longer process. Working with a local lender who uses appraisers familiar with Union County's rural property valuations is crucial to avoid delays or financing issues.
Are interest rates different for mortgages in Milford Center compared to nearby cities like Columbus?
Interest rates are primarily set by national markets and your personal credit, not your specific town. However, lenders may have slightly different fee structures or available programs. A local credit union, like one based in Union County, might offer competitive terms or special programs for residents that large national banks do not, making it beneficial to shop locally.
Nearby Cities
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Why Choose a Mortgage Lender in Milford Center?
Local Market Knowledge
Lenders who understand Milford Center'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 Milford Center and get competitive rates on your home loan.