The Best Mortgage Lenders in Savannah, OH
Compare verified mortgage lenders serving Savannah, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Savannah
Featured Mortgage Lenders
Wright-Patt Credit Union Mortgage Services
Wright-Patt Credit Union
Wright-Patt Credit Union is one of Ohio's largest and most respected credit unions, serving members across multiple counties including Clark County where Savannah is located. They offer highly competitive mortgage rates with exceptional member service, consistently earning top ratings for their personalized approach to home financing. Their mortgage specialists provide comprehensive guidance through the entire process, from pre-approval to closing, with local underwriting and decision-making.
Loan Types:
Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage has a strong presence throughout Ohio with multiple branch locations serving rural communities like Savannah. They specialize in providing customized mortgage solutions with local loan officers who understand the unique needs of Ohio homebuyers. The company is renowned for its streamlined processes, competitive rates, and exceptional customer service, particularly for first-time homebuyers and those in smaller communities.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as a leading mortgage lender in the Dayton/Springfield region, actively serving clients in Clark County and surrounding areas including Savannah. They offer a wide range of loan products with competitive rates and have built a strong reputation for their responsive service and efficient closing processes. Their local loan officers provide personalized attention and expertise in navigating the mortgage process for both purchase and refinance transactions.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Savannah, OH
What are the typical down payment requirements for homes in Savannah, OH, given its rural market?
In Savannah's more affordable rural market, many conventional loans can be secured with a 5% down payment, and FHA loans with 3.5% down are common. However, for properties on larger lots or with acreage, some lenders may require a slightly higher down payment (10-20%) due to the unique appraisal considerations of rural properties. It's best to consult with a local lender familiar with Ashland County real estate.
Are there any special mortgage programs for first-time homebuyers in Savannah, OH?
Yes, Ohio offers the "Grants for Grads" program, which can be beneficial for recent college graduates moving to areas like Savannah, and the "Ohio Heroes" program for eligible professions. Additionally, the Ashland County Land Bank sometimes has programs for vacant properties. For the best local guidance, check with lenders who participate in the Ohio Housing Finance Agency (OHFA) programs.
How do property taxes in Ashland County impact my mortgage payments in Savannah?
Ashland County has relatively moderate property tax rates compared to urban Ohio counties. Your lender will estimate these taxes for your escrow account based on the home's assessed value. It's crucial to get a precise tax estimate from the Ashland County Auditor's office, as taxes can vary between townships and can affect your total monthly payment significantly.
What should I know about getting a mortgage for a home with well and septic in Savannah?
This is a very common consideration in Savannah. Lenders will require a satisfactory water quality test and a septic system inspection as a condition of the loan, especially for FHA and VA loans. These inspections ensure the systems are functioning properly and protect the property's value. Budgeting for these tests (typically $500-$800) during your option period is essential.
How does Savannah's location within a federally designated "rural area" benefit mortgage seekers?
Most of the Savannah area qualifies for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is a major advantage for buyers looking at the many homes on the outskirts of town. Income limits apply, but they are generous for the area, making homeownership accessible to many local residents.
Why Choose a Mortgage Lender in Savannah?
Local Market Knowledge
Lenders who understand Savannah'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 Savannah and get competitive rates on your home loan.