The Best Mortgage Lenders in Perrysburg, OH
Compare verified mortgage lenders serving Perrysburg, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Perrysburg
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong local presence in the Toledo metropolitan area, including Perrysburg. Known for exceptional customer service, competitive rates, and a streamlined process, they have numerous positive reviews highlighting their knowledgeable loan officers and efficiency in handling various loan types. Their long-standing reputation and community involvement make them a trusted choice for homebuyers in the region.
Loan Types:
Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage has a physical office in Perrysburg, offering personalized service and a wide range of loan products. They are highly rated for their local expertise, competitive rates, and commitment to customer satisfaction. With a focus on building relationships and community support, they provide tailored solutions for both first-time and experienced homebuyers in the area.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong presence in Ohio, including Perrysburg. They are praised for their quick turnaround times, transparent processes, and high customer satisfaction ratings. Despite being based in Charlotte, they have dedicated loan officers serving the Perrysburg area, offering competitive rates and a variety of loan options with a focus on making the mortgage experience smooth and efficient.
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Frequently Asked Questions
Common questions about mortgage lending in Perrysburg, OH
What are the current mortgage rates like in Perrysburg, OH, and how do they compare to state averages?
Mortgage rates in Perrysburg are generally competitive with national and Ohio averages, but can be slightly influenced by the strong local economy and high demand in desirable school districts like Perrysburg Schools. As of recent trends, rates in the Toledo metro area, which includes Perrysburg, often run very close to the state average. It's advisable to shop locally, as lenders familiar with the area's stable property values may offer favorable terms.
Are there any down payment assistance programs specifically for first-time homebuyers in Perrysburg?
Yes, first-time homebuyers in Perrysburg can utilize statewide Ohio programs like **Ohio Heroes** and the **Grants for Grads** program, which are accessible in Wood County. Additionally, the **Toledo and Lucas County Homebuyer Program** can sometimes extend to Perrysburg residents for certain properties. Consulting with a local lender who is approved to administer these Ohio Housing Finance Agency (OHFA) programs is the best first step.
How does Perrysburg's property tax rate affect my mortgage payments and qualification?
Perrysburg has property tax rates that are relatively higher than some surrounding areas, primarily due to the funding for the top-rated Perrysburg School District. Lenders will factor these taxes into your debt-to-income ratio, which can slightly reduce the loan amount you qualify for compared to a location with lower taxes. It's crucial to get an accurate estimate of annual taxes when calculating your total monthly PITI (Principal, Interest, Taxes, Insurance) payment.
What should I know about getting a mortgage for a home in one of Perrysburg's historic districts or newer subdivisions?
For homes in Perrysburg's historic districts (like the downtown area), lenders may require specific inspections and could have stricter appraisal requirements, but conventional, FHA, and VA loans are still available. For new construction in subdivisions like Levis or The Preserve, builders often have preferred lenders offering incentives, but it's wise to get an independent pre-approval to compare terms and ensure you're getting the best deal.
Are jumbo loans common in Perrysburg, and what are the requirements given the local market?
Jumbo loans (loans exceeding the conforming loan limit, which is $766,550 for 2024 in Wood County) are increasingly common in Perrysburg's premium neighborhoods and for higher-end new construction. Local lenders are experienced with them, but requirements are stricter, typically requiring excellent credit (often 700+), lower debt-to-income ratios, and larger down payments (usually 10-20%). Appraisals for jumbo loans in this market are handled with particular care due to the wide range of home values.
Why Choose a Mortgage Lender in Perrysburg?
Local Market Knowledge
Lenders who understand Perrysburg'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 Perrysburg and get competitive rates on your home loan.