The Best Mortgage Lenders in Port Washington, OH
Compare verified mortgage lenders serving Port Washington, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Port Washington
Featured Mortgage Lenders
First Federal Community Bank
First Federal Community Bank
First Federal Community Bank is a highly-rated regional lender with deep roots in Eastern Ohio, serving Port Washington and surrounding Tuscarawas County communities. They maintain exceptional 4.8-star ratings across multiple review platforms for their personalized service and competitive mortgage rates. As a community-focused institution with over 20 years of experience, they offer comprehensive mortgage solutions including specialized construction loans and government-backed programs. Their local loan officers provide in-person consultations and understand the unique housing market dynamics in rural Ohio communities.
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Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage has established itself as a premier mortgage lender serving Port Washington and throughout Eastern Ohio with multiple 4.7-star ratings. With over 15 years of experience and strong regional presence, they excel in providing competitive rates and exceptional customer service. Their loan officers specialize in rural property financing and offer comprehensive guidance through the entire mortgage process. The company is particularly noted for their expertise in USDA loans, which are highly relevant for Port Washington's rural character, and their streamlined refinancing programs for existing homeowners.
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Guild Mortgage Company
Guild Mortgage Company - Canton Branch
Guild Mortgage's Canton branch serves Port Washington and surrounding communities with consistently high customer satisfaction ratings of 4.6 stars. As a nationally recognized lender with strong local presence, they offer specialized mortgage programs including renovation loans that are particularly valuable for older homes common in historic Port Washington. Their experienced loan officers provide personalized service and have extensive knowledge of rural Ohio mortgage requirements. Guild is especially noted for their flexible underwriting and excellent first-time homebuyer programs, making homeownership accessible for Port Washington residents across various financial situations.
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Frequently Asked Questions
Common questions about mortgage lending in Port Washington, OH
What are typical down payment requirements for homes in Port Washington, OH, given the local market?
In Port Washington's more affordable market, many conventional loans require a 5-10% down payment. However, for the area's median home price, which is often below state averages, some local lenders may offer portfolio loans with flexible terms. USDA Rural Development loans, which require 0% down, are also a popular option here as the area qualifies for this program.
Are there any local or county-specific first-time homebuyer assistance programs available in Port Washington?
Yes, homebuyers should explore the Tuscarawas County Homebuyer Program, which may offer down payment and closing cost assistance to eligible first-time buyers in Port Washington. Additionally, the Ohio Housing Finance Agency (OHFA) offers statewide programs with favorable rates and grants, which are very accessible for buyers in this area due to income limits that align with local wages.
How does Port Washington's location within a USDA-eligible zone affect mortgage options?
Port Washington's designation as a USDA-eligible rural area is a significant advantage, opening access to USDA Section 502 Guaranteed Loans. These loans offer 100% financing (no down payment), competitive interest rates, and more flexible credit guidelines, making homeownership particularly accessible for low-to-moderate income families in the village.
What should I know about property taxes and insurance when calculating my mortgage payment in Port Washington?
Property taxes in Port Washington and Tuscarawas County are generally moderate compared to urban Ohio areas, but you should confirm the exact millage rate for your specific property. For insurance, while flood zones are not a major widespread concern, some lenders may require a separate flood determination due to the village's proximity to the Tuscarawas River and other waterways.
Are local community banks or credit unions in the area a good option for mortgages in Port Washington?
Absolutely. Local institutions like Community Bank (based in nearby New Philadelphia) or Tuscarawas County credit unions often have deep knowledge of the Port Washington market. They may offer personalized service, portfolio loan products for unique properties, and can sometimes be more flexible on appraisals for homes in this small, rural village.
Nearby Cities
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Why Choose a Mortgage Lender in Port Washington?
Local Market Knowledge
Lenders who understand Port 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 Port Washington and get competitive rates on your home loan.