The Best Mortgage Lenders in Saint Marys, OH
Compare verified mortgage lenders serving Saint Marys, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saint Marys
Featured Mortgage Lenders
Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a highly-rated national mortgage lender with a strong presence in Ohio, serving Saint Marys through its local network. Founded in 2008, it boasts competitive rates, a wide range of loan options, and exceptional customer service. With hundreds of positive reviews, it is recognized for its reliability, efficient processing, and personalized approach, making it a top choice for homebuyers in the region.
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New American Funding
New American Funding, LLC
New American Funding is a top-rated mortgage lender known for its diverse loan products and strong customer satisfaction scores. Established in 2003, it serves Saint Marys and surrounding Ohio areas with a focus on inclusive lending, including programs for first-time homebuyers and minority communities. Its reputation for transparency, competitive rates, and dedicated support makes it a trusted option in the mortgage industry.
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Movement Mortgage
Movement Mortgage, LLC
Top-rated mortgage lender serving Saint Marys, Ohio.
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Frequently Asked Questions
Common questions about mortgage lending in Saint Marys, OH
Are there any special mortgage or down payment assistance programs for homebuyers in Saint Marys, Ohio?
Yes, Ohio offers statewide programs like the Ohio Housing Finance Agency's (OHFA) "Your Choice! Down Payment Assistance," which provides 2.5% or 5% of the home's purchase price as a grant. Additionally, local lenders in Auglaize County may offer specific first-time homebuyer programs or grants. It's wise to consult with a Saint Marys-based mortgage officer who is well-versed in these state and local opportunities.
How do property taxes in Saint Marys and Auglaize County affect my mortgage payment and qualification?
Auglaize County has relatively moderate property tax rates compared to larger Ohio cities, which can help with debt-to-income (DTI) ratios during qualification. Your lender will use the specific tax rate for the property's township or the City of Saint Marys to calculate escrow. It's important to get an accurate tax estimate, as taxes can vary between properties in the city limits versus the surrounding rural areas.
What are typical mortgage rates offered by local lenders in Saint Marys, OH?
Mortgage rates in Saint Marys are generally competitive with national and state averages, but can vary slightly between local community banks, credit unions like Superior Credit Union, and national lenders. Local institutions often provide personalized service and may have special rates for first-time buyers or for using their other banking services. It's highly recommended to get quotes from at least two or three Saint Marys-area lenders.
Does the local housing market in Saint Marys favor buyers or sellers, and how does that impact my mortgage strategy?
The Saint Marys market has traditionally been balanced to slightly favoring buyers, with more affordable home prices than major metros. This can give buyers more negotiating power, potentially allowing for seller-paid closing costs or a lower purchase price, which directly affects your loan amount. A pre-approval from a local lender strengthens your offer in any market condition.
Are there specific home appraisal considerations for mortgages on properties in Saint Marys, especially near Grand Lake St. Marys?
Yes, appraisals for properties near Grand Lake St. Marys must carefully consider the impact of the lake on value, including potential flood zone requirements which could mandate separate flood insurance. For rural properties outside the city, appraisers must find comparable sales ("comps") within a reasonable distance, which can sometimes be a challenge in less dense areas of Auglaize County. Your lender will work with an appraiser familiar with the local market nuances.
Nearby Cities
Explore mortgage lenders in cities near Saint Marys, OH
Why Choose a Mortgage Lender in Saint Marys?
Local Market Knowledge
Lenders who understand Saint Marys'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 Marys and get competitive rates on your home loan.