The Best Mortgage Lenders in Old Washington, OH
Compare verified mortgage lenders serving Old Washington, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Old Washington
Featured Mortgage Lenders
Dave McCort
Belmont Savings Bank
Belmont Savings Bank is a highly respected community bank with deep roots in Eastern Ohio, serving Old Washington and surrounding communities for over a century. They maintain exceptional 4.8-star ratings across multiple review platforms for their personalized mortgage services and competitive local rates. As a community-focused institution, they specialize in understanding the unique needs of rural and small-town homeowners in Belmont County and surrounding areas. Their mortgage team, led by experienced professionals like Dave McCort, provides tailored solutions for first-time homebuyers, agricultural properties, and construction loans with local underwriting decisions.
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Michael G. Hvizdos
CrossCountry Mortgage, LLC
CrossCountry Mortgage's St. Clairsville office, led by Michael Hvizdos, has built an outstanding reputation throughout Eastern Ohio with nearly perfect 4.9-star ratings from hundreds of local clients. They specialize in serving the mortgage needs of Old Washington residents and surrounding rural communities with particular expertise in USDA loans, which are highly relevant for the area. Their local presence combined with national lending capabilities allows them to offer competitive rates and specialized programs for agricultural properties, rural development loans, and first-time homebuyer programs specific to Ohio's requirements.
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Brian Cain
Guild Mortgage Company
Guild Mortgage's Steubenville branch serves Old Washington and surrounding Belmont County communities with exceptional dedication, earning consistent 4.7-star ratings for their customer-focused approach. With over 60 years in the mortgage industry, they bring substantial expertise to Eastern Ohio's unique housing market. They are particularly strong in government-backed loans including VA and USDA programs, which are well-suited for the Old Washington area. Their local loan officers understand the specific appraisal challenges and property types common in rural Ohio communities, providing valuable guidance through the entire mortgage process with local decision-making authority.
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Frequently Asked Questions
Common questions about mortgage lending in Old Washington, OH
Are there any special mortgage considerations for buying a historic home in Old Washington?
Yes, purchasing a historic home in Old Washington, which is part of the National Register of Historic Places district, often requires a specialized appraisal and may involve renovation loans. Lenders may have stricter requirements regarding the property's condition, so it's crucial to work with a loan officer experienced with historic properties. Programs like the FHA 203(k) loan can be valuable for financing both purchase and necessary renovations.
What are typical down payment assistance programs available for first-time homebuyers in Old Washington, OH?
First-time homebuyers in Old Washington can access Ohio's statewide "Grants for Grads" and "Your Choice! Down Payment Assistance" programs through the Ohio Housing Finance Agency (OHFA). These programs offer competitive interest rates and can provide 2.5% to 5% of the purchase price in assistance. Local lenders and realtors familiar with Guernsey County can guide you through the application process for these forgivable grants and low-interest second mortgages.
How does the rural nature of Old Washington affect mortgage lending and property types?
Old Washington's rural setting means many properties include larger lots, outbuildings, or may be on well and septic systems. Lenders will require specific inspections for well water quality and septic system functionality, which can add to closing timelines and costs. USDA Rural Development loans are a popular and relevant option here, as they offer 100% financing for eligible properties and borrowers in this designated rural area.
What is the average time to close on a mortgage for a home in Old Washington's market?
Given the smaller, local lender and title agent networks serving Guernsey County, the average closing timeline is typically 45 to 60 days. This allows time for thorough property inspections (especially important for older homes), the completion of any required rural-specific checks, and coordination with local attorneys or title companies. Starting the pre-approval process early with a local lender is highly recommended.
Are property taxes in Old Washington, OH, factored differently by mortgage lenders due to the historic district?
Lenders will use the current property tax assessment, but it's important to note that properties within the Old Washington Historic District may be eligible for a tax abatement through the Ohio Historic Preservation Tax Credit program if they undergo substantial rehabilitation. While this doesn't change initial loan qualification, a buyer should investigate this potential future tax savings, as it can significantly impact long-term housing costs and should be discussed with a local real estate professional.
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Why Choose a Mortgage Lender in Old Washington?
Local Market Knowledge
Lenders who understand Old Washington'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 Old Washington and get competitive rates on your home loan.