The Best Mortgage Lenders in Radnor, OH
Compare verified mortgage lenders serving Radnor, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Radnor
Featured Mortgage Lenders
Kemba Credit Union
Kemba Credit Union
Kemba Credit Union is one of central Ohio's most trusted mortgage lenders with an exceptional reputation for personalized service and competitive rates. While headquartered in Columbus, they serve the entire central Ohio region including Radnor. They offer a comprehensive range of mortgage products with particularly strong first-time homebuyer programs and local underwriting that allows for quick decisions. Their mortgage specialists are known for guiding borrowers through the entire process with exceptional customer care.
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Third Federal Savings & Loan
Third Federal Savings and Loan Association
Third Federal is an Ohio-based mortgage lender with a strong statewide presence and excellent reputation for competitive rates and low fees. They consistently rank among the top mortgage lenders in Ohio for customer satisfaction and offer some of the most competitive rates in the industry. With physical branches throughout Ohio and dedicated mortgage specialists, they provide comprehensive service to Radnor residents. Their "Rate-Lock Guarantee" and low origination fees make them particularly attractive for cost-conscious borrowers.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate has established itself as one of the top mortgage lenders serving central Ohio with a strong local team of mortgage advisors. They combine cutting-edge digital mortgage technology with personalized local service, making the application process efficient while maintaining high-touch customer care. Their Columbus-based loan officers have extensive experience serving Delaware County and surrounding areas including Radnor. They're particularly noted for their competitive jumbo loan programs and fast closing times, often completing loans in 30 days or less.
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Frequently Asked Questions
Common questions about mortgage lending in Radnor, OH
What are typical mortgage rates for homebuyers in Radnor, OH, and how do they compare to state averages?
Mortgage rates in Radnor, OH, are generally in line with national and Ohio averages, but can be slightly influenced by the rural nature of Delaware County and the specific lender's local market presence. As of recent trends, rates for a 30-year fixed mortgage in the area typically range within 0.125% to 0.25% of the national average. It's advisable to shop around with both local credit unions, like Kemba Credit Union, and national lenders to secure the best rate for your profile.
Are there any down payment assistance programs specifically for buyers in Radnor, OH?
While Radnor itself does not offer a city-specific program, homebuyers in Radnor are eligible for statewide Ohio programs. The most relevant is the **Ohio Housing Finance Agency (OHFA)** program, which offers competitive interest rates and down payment assistance (often 2.5% or 5% of the purchase price) for first-time and repeat buyers meeting income and purchase price limits. Delaware County may also have local initiatives, so checking with a local mortgage officer is key.
How does the appraisal process work in Radnor's rural and agricultural market?
Appraisals in Radnor require special attention due to its mix of residential properties and larger agricultural or land parcels. Finding comparable sales ("comps") can be challenging, so appraisers often need to look at a wider geographic area within Delaware County or adjust for land value. It's crucial to work with a lender experienced in rural properties who can ensure the appraiser is familiar with the unique valuation factors of homes with acreage in Radnor.
What should I know about property taxes when getting a mortgage in Radnor, OH?
Property taxes in Radnor are a significant part of the monthly mortgage payment (escrow). Radnor is part of Delaware County, which has relatively high property tax rates compared to some Ohio counties. Your lender will use the county's effective tax rate (typically between 1.5% and 2.0% of assessed value) to calculate your escrow. It's important to get an accurate estimate from the Delaware County Auditor's office, as taxes can vary based on the specific township and school district levies.
Are USDA Rural Development loans available for homes in Radnor, Ohio?
Yes, Radnor's location qualifies many properties for USDA Rural Development loans, which offer 100% financing (no down payment). Radnor is designated as a rural area by the USDA, making this an excellent option for eligible low-to-moderate income buyers looking to purchase in the community. You should verify the specific property's eligibility using the USDA's online eligibility map and work with a lender approved to originate these government-backed loans.
Why Choose a Mortgage Lender in Radnor?
Local Market Knowledge
Lenders who understand Radnor'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 Radnor and get competitive rates on your home loan.