The Best Mortgage Lenders in Saint Johns, OH
Compare verified mortgage lenders serving Saint Johns, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saint Johns
Featured Mortgage Lenders
Fifth Third Mortgage
Fifth Third Bank, National Association
Fifth Third Bank maintains a strong regional presence throughout Ohio with multiple branches serving the Saint Johns area. As a established national bank with deep roots in the Midwest, they offer comprehensive mortgage solutions with competitive rates and personalized service. Their local loan officers understand the central Ohio market and provide both in-person and digital mortgage experiences. With an A+ BBB rating and extensive mortgage product offerings, they are a top choice for homeowners in the Saint Johns region.
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Union Savings Bank
Union Savings Bank
Union Savings Bank has built an exceptional reputation throughout Allen County and surrounding areas, including Saint Johns. As a community-focused institution, they provide personalized mortgage services with local decision-making authority. Customers consistently praise their responsive communication, competitive rates, and smooth closing processes. Their mortgage team specializes in first-time homebuyer programs and offers flexible loan options tailored to individual financial situations, making them a trusted local lender for Saint Johns residents.
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Kemba Credit Union
Kemba Financial Credit Union
While based in Columbus, Kemba Credit Union serves members throughout central Ohio including the Saint Johns area, offering highly competitive mortgage rates and exceptional member service. As a not-for-profit financial cooperative, they frequently provide lower fees and more flexible underwriting than traditional banks. Their mortgage specialists are known for guiding borrowers through every step of the home financing process with transparency and expertise. Kemba consistently receives high marks for customer satisfaction and offers a comprehensive range of mortgage products suitable for various buyer profiles.
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Frequently Asked Questions
Common questions about mortgage lending in Saint Johns, OH
What are the typical down payment requirements for homes in Saint Johns, OH, given its market?
For the median-priced home in Saint Johns, which is generally more affordable than larger Ohio cities, a conventional loan typically requires a 5-20% down payment. However, many local lenders are familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties in this area, as parts of Saint Johns qualify. FHA loans with 3.5% down are also very common for first-time buyers here.
Are there any local or county-specific first-time homebuyer assistance programs available in Saint Johns?
Yes, homebuyers in Saint Johns can access the **OHFA (Ohio Housing Finance Agency) Grant Program**, which offers a 2.5% or 5% grant for down payment and closing costs, usable with an OHFA first mortgage. Additionally, the **Auglaize County Land Reutilization Corporation** (land bank) occasionally has programs for property rehabilitation, which can be paired with financing for qualifying buyers looking at fixer-uppers.
How do property taxes in Auglaize County affect my mortgage payment and qualification in Saint Johns?
Auglaize County has relatively moderate property tax rates compared to urban Ohio counties. Lenders will calculate your estimated monthly tax escrow as part of your total debt-to-income ratio. It's crucial to get an accurate tax estimate for your specific property, as rates can vary between townships, but generally, this favorable tax environment helps with loan qualification and managing your overall monthly payment.
What should I know about getting a mortgage for a rural property or a home on a well and septic system in Saint Johns?
This is a key local consideration. If the property is not connected to public water and sewer, lenders will require water quality and septic system inspections as a condition of the loan. For USDA loans, which are popular here, these inspections are mandatory. Ensure your purchase contract allows for these specific tests, as repair or replacement costs for failed systems can be significant and impact the transaction.
How does the appraisal process work in Saint Johns' more rural and spread-out market?
Appraisals in Saint Johns can be challenging due to fewer recent comparable sales ("comps") than in dense suburbs. An appraiser may need to look at sales in a wider geographic area or older transactions, which can sometimes affect the appraised value. Working with a local lender who uses appraisers familiar with Auglaize County's unique market is essential to ensure a fair and accurate valuation.
Nearby Cities
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Why Choose a Mortgage Lender in Saint Johns?
Local Market Knowledge
Lenders who understand Saint Johns'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 Saint Johns and get competitive rates on your home loan.