The Best Mortgage Lenders in Perry, OH
Compare verified mortgage lenders serving Perry, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Perry
Featured Mortgage Lenders
Cardinal Credit Union Mortgage Department
Cardinal Credit Union
As one of Northeast Ohio's most established credit unions, Cardinal Credit Union has been serving Perry and surrounding Lake County communities for over seven decades. They consistently receive exceptional ratings for their personalized mortgage services, competitive rates, and member-focused approach. Their local mortgage specialists have deep knowledge of the Perry real estate market and offer comprehensive guidance through the entire home financing process, from pre-approval to closing.
Loan Types:
Third Federal Savings & Loan
Third Federal Savings and Loan Association
Third Federal is a Cleveland-based institution with a strong statewide presence and excellent reputation for mortgage lending throughout Ohio. They're particularly noted for their low rates, transparent fee structure, and exceptional customer service. With decades of experience serving Northeast Ohio communities including Perry, they offer both in-person and digital mortgage services. Their long-standing commitment to responsible lending and community investment makes them a trusted choice for Perry homebuyers.
Loan Types:
Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage is a highly-rated regional mortgage lender headquartered in Strongsville, Ohio, with multiple offices serving the entire state including the Perry area. They're recognized for their extensive loan options and expert mortgage advisors who provide personalized service. The company has built a strong reputation for smooth closings and competitive pricing. Their local loan officers have specific knowledge of Lake County's housing market and provide comprehensive support throughout the mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Perry, OH
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Perry, OH?
Yes, Perry homebuyers can access statewide Ohio programs like the Ohio Housing Finance Agency's (OHFA) "Your Choice! Down Payment Assistance," which offers 2.5%, 3%, or 5% of the purchase price as a grant or forgivable loan. Additionally, Lake County may offer local grants or programs, so it's wise to work with a lender familiar with these regional resources to maximize your assistance.
How do property taxes in Perry, OH, impact my mortgage payment and qualification?
Perry, located in Lake County, has property tax rates that are a significant component of your monthly escrow payment. Lake County's effective tax rate is moderately high compared to national averages, which can affect your debt-to-income (DTI) ratio during qualification. Your lender will use the specific tax rate for the property's township and school district to calculate an accurate payment estimate.
What types of properties are common in Perry, and does that affect my loan options?
Perry features a mix of single-family homes, older ranch-style properties, and some newer subdivisions, along with a number of homes on larger lots. For standard homes, conventional, FHA, and VA loans are widely available. If you're considering a unique property, like a home on several acres, ensure your lender has experience with non-standard appraisals common in the area.
What are typical mortgage interest rates for buyers in Perry, OH?
Mortgage rates in Perry align with national and Ohio averages, but your specific rate depends on credit score, loan type, and down payment. As a general guide, rates in Northeast Ohio are competitive, but working with a local lender can sometimes provide access to special programs or relationships with local banks that may offer favorable terms.
Are there specific lenders in Perry or Lake County that have expertise with the local market?
While major national lenders operate here, several strong local and regional banks and credit unions, such as First Federal Lakewood or local credit unions, have deep knowledge of the Perry market. These local institutions often have a better understanding of property values in specific neighborhoods and may offer more personalized underwriting for the area's housing stock.
Why Choose a Mortgage Lender in Perry?
Local Market Knowledge
Lenders who understand Perry'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 Perry and get competitive rates on your home loan.