The Best Mortgage Lenders in Ontario, OH
Compare verified mortgage lenders serving Ontario, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ontario
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Ohio, serving the Ontario area through its Columbus branch. Known for competitive rates and a digital-friendly process, they excel in customer satisfaction with high ratings for transparency and efficiency. Their extensive loan options and personalized service make them a preferred choice for homebuyers in the region, backed by over two decades of industry experience and numerous awards for excellence.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly reputable lender headquartered in Ohio, with a dedicated team serving the Ontario area. They are praised for their local expertise, responsive customer service, and flexible loan programs tailored to diverse needs. With a focus on community engagement and a track record of smooth closings, they have built a loyal customer base and consistently receive high marks for reliability and competitive pricing.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation stands out for its exceptional customer service and deep local roots in the Mansfield area, directly serving Ontario residents. They offer a wide range of loan products with competitive rates and are known for their hands-on approach, ensuring a stress-free mortgage experience. Their high ratings reflect a commitment to integrity and community support, making them a trusted partner for home financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Ontario, OH
What are the typical down payment requirements for homes in Ontario, OH, given the local market?
For the median-priced home in Ontario (around $200,000-$250,000), a conventional loan typically requires 5-20% down. However, many local lenders work with buyers to access Ohio Housing Finance Agency (OHFA) programs, which can offer down payment assistance and allow for down payments as low as 3% for qualified first-time buyers. FHA loans with 3.5% down are also very common in this market.
Are there specific mortgage programs or grants for first-time homebuyers in Ontario, OH?
Yes, the Ohio Housing Finance Agency (OHFA) offers several programs highly relevant to Ontario buyers, including the "YourChoice! Down Payment Assistance" grant, which provides 2.5% or 5% of the home's purchase price as a non-repayable grant. Ontario's location in Richland County also makes buyers eligible for OHFA's "Mortgage Tax Credit" program, which can provide a federal tax credit to increase your borrowing power.
How do property taxes in Richland County and Ontario's local levies affect my mortgage qualification?
Richland County property taxes are a significant factor in your total monthly payment. The effective tax rate in the area is approximately 1.5% to 1.8% of the home's assessed value. Your lender will calculate this into your debt-to-income ratio, and it's wise to budget for this local cost, as it can be higher than in some surrounding rural areas, impacting how much home you can afford.
What type of home appraisal challenges are common in the Ontario, OH, housing market?
Appraisals in Ontario's established neighborhoods can sometimes be challenging due to the mix of older, well-maintained homes and newer construction. Appraisers must find good comparable sales ("comps"), which can be less abundant than in a major city. Working with a local lender who uses appraisers familiar with Richland County's specific market trends is crucial to avoid delays or valuation issues.
Does living near the Mansfield Lahm Airport or major routes like I-71 affect my mortgage or insurance?
While proximity to I-71 offers commuting benefits, living directly under the flight path of Mansfield Lahm Airport could trigger a requirement for specific disclosures and may influence homeowners insurance rates. Most standard mortgages are not directly affected, but your lender may require proof of adequate hazard insurance, which an insurance agent familiar with the area can best provide.
Why Choose a Mortgage Lender in Ontario?
Local Market Knowledge
Lenders who understand Ontario'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 Ontario and get competitive rates on your home loan.