The Best Mortgage Lenders in Raymond, OH
Compare verified mortgage lenders serving Raymond, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Raymond
Featured Mortgage Lenders
Union Savings Bank Mortgage Team
Union Savings Bank
Union Savings Bank is a highly-rated community bank that has been serving Union County and surrounding areas for over a century. Located just minutes from Raymond in Marysville, they offer personalized mortgage services with local decision-making. Their mortgage team receives exceptional reviews for their responsiveness, competitive rates, and expertise in rural property financing. As a community bank deeply embedded in Union County, they understand the specific needs of Raymond residents and offer specialized USDA loans perfect for rural properties in the area.
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Kemba Credit Union Mortgage Department
Kemba Credit Union
Kemba Credit Union serves central Ohio including Union County and Raymond area residents. They consistently receive high marks for their competitive mortgage rates and exceptional member service. Their mortgage specialists are praised for guiding borrowers through every step of the process, particularly first-time homebuyers. Kemba offers specialized rural lending programs and has extensive experience with properties in the Raymond area. Their digital mortgage application process and local loan servicing make them a top choice for Raymond homeowners.
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Guild Mortgage - Central Ohio Team
Guild Mortgage Company
Guild Mortgage maintains a strong presence in central Ohio with dedicated loan officers serving Union County and Raymond area. As a national lender with local expertise, they offer a wide range of mortgage products including specialized USDA loans ideal for Raymond's rural properties. Their loan officers receive consistent praise for their communication skills and ability to handle complex rural property transactions. Guild's extensive experience with government-backed loans and their commitment to community lending make them an excellent choice for Raymond residents seeking competitive financing options.
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Frequently Asked Questions
Common questions about mortgage lending in Raymond, OH
What are the typical down payment requirements for homes in Raymond, OH, given its rural market?
For the majority of homes in Raymond's affordable market, conventional loans with a 3% down payment are common. However, for properties on larger lots or with unique characteristics common in the area, some lenders may require a slightly higher down payment of 5-10% to account for appraisal complexities. USDA loans, which offer 0% down, are also a popular option here due to the area's eligibility.
Are there any local or county-specific first-time homebuyer assistance programs available in Raymond?
Yes, homebuyers in Raymond can access the **Logan County First-Time Homebuyer Program**, which offers down payment and closing cost assistance in the form of a deferred, forgivable loan. Additionally, the **Ohio Housing Finance Agency (OHFA)** offers statewide programs with competitive rates and grants that are widely used by buyers in Raymond and surrounding communities.
How do property taxes in Logan County impact my mortgage payments and affordability in Raymond?
Logan County has relatively moderate property tax rates compared to urban Ohio counties. When calculating your debt-to-income ratio for mortgage approval, lenders will use an estimated monthly tax payment based on the county's effective rate, which generally adds a manageable amount to your total monthly payment. It's advisable to get a precise tax estimate from the Logan County Auditor's office for any specific property.
What type of property insurance considerations are unique to getting a mortgage in a rural area like Raymond?
Lenders will require standard homeowners insurance, but in Raymond's rural setting, you may also need to consider additional coverage. If the home is on a private well and septic system, some lenders might require specific water tests or septic inspections. Furthermore, if the property is far from a fire hydrant, it could lead to a slightly higher insurance premium, which the lender will factor into your escrow analysis.
How does the appraisal process work for rural properties in Raymond, and can it affect loan approval?
Appraising rural properties in Raymond can be more challenging due to fewer comparable sales ("comps"). Lenders will use appraisers familiar with the Logan County market, but the process may take longer. If the appraisal comes in lower than the purchase price, it can affect your loan-to-value ratio and potentially delay or jeopardize the loan, making an appraisal contingency in your offer particularly important.
Nearby Cities
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Why Choose a Mortgage Lender in Raymond?
Local Market Knowledge
Lenders who understand Raymond'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 Raymond and get competitive rates on your home loan.