The Best Mortgage Lenders in Shiloh, OH
Compare verified mortgage lenders serving Shiloh, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Shiloh
Featured Mortgage Lenders
Wright-Patt Credit Union Mortgage Department
Wright-Patt Credit Union
Wright-Patt Credit Union is one of Ohio's largest and highest-rated credit unions, serving members across multiple counties including Shelby County where Shiloh is located. With over 85 years of operation, they offer competitive mortgage rates and personalized service. Their mortgage team specializes in helping rural and suburban homebuyers with various loan programs including USDA loans that are particularly relevant for Shiloh area properties. They have consistently high customer satisfaction ratings and provide local decision-making with deep community roots in West Central Ohio.
Loan Types:
Guardian Savings Bank Mortgage Division
Guardian Savings Bank
Guardian Savings Bank has been serving Ohio communities for over a century with a strong presence in rural and suburban markets. They have extensive experience with properties in areas like Shiloh and understand the unique aspects of rural Ohio real estate. Their mortgage team provides personalized service with local underwriting and decision-making. They offer competitive construction and lot loans which are valuable for Shiloh's developing areas. With multiple branches throughout the region, they maintain excellent customer service ratings and community involvement.
Loan Types:
Union Savings Bank Mortgage Services
Union Savings Bank
Union Savings Bank has been serving Southwest Ohio communities for nearly a century with specialized expertise in mortgage lending for suburban and rural properties. They serve the Shiloh area with dedicated mortgage professionals who understand the local market dynamics. The bank is particularly strong in USDA rural development loans and construction financing, making them an excellent choice for Shiloh homebuyers. They maintain high customer satisfaction ratings due to their personalized approach, competitive rates, and local decision-making process that ensures timely closings.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Shiloh, OH
What are typical down payment requirements for homes in Shiloh, OH, given its rural setting and lower median home prices?
While standard loans often require 3-5% down, Shiloh's more affordable market means many buyers opt for conventional loans with 5% down or USDA loans, which require 0% down for eligible rural properties. Local lenders are familiar with property valuations in Montgomery County and can advise on the best option for your specific purchase.
Are there any special mortgage programs for first-time homebuyers in Shiloh, OH?
Yes, Ohio offers the "Grants for Grads" program, beneficial for recent college graduates, and the "Your Choice! Down Payment Assistance" program, which can provide up to 5% of the loan amount. Working with a lender familiar with Ohio Housing Finance Agency (OHFA) programs is key, as these can be combined with favorable mortgage rates.
How does Shiloh's location within Montgomery County affect property taxes and mortgage escrow calculations?
Property taxes in Montgomery County are a significant component of your monthly payment. The county's effective tax rate is approximately 1.57%, which is above the Ohio average. Your lender will calculate escrow based on the specific tax rate for the property's township (Jefferson Township), so it's wise to get a precise estimate before finalizing your budget.
Is a USDA Rural Development loan a viable option for mortgages in Shiloh, OH?
Absolutely. Shiloh is designated as an eligible rural area by the USDA, making 100% financing (no down payment) available to qualified buyers who meet income limits. This is a popular and advantageous program in the area, but you must purchase a home within the specific eligible boundaries and use an approved lender.
What should I know about getting a mortgage for older or historic homes in Shiloh's established neighborhoods?
Older homes may require specialized loan considerations. An FHA 203(k) renovation loan can be a good fit to finance both purchase and repairs, which is common for homes needing updates. A thorough home inspection is critical, as lenders may have stricter appraisal requirements for properties with outdated electrical, plumbing, or roofing systems.
Why Choose a Mortgage Lender in Shiloh?
Local Market Knowledge
Lenders who understand Shiloh'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 Shiloh and get competitive rates on your home loan.