The Best Mortgage Lenders in Stewart, OH
Compare verified mortgage lenders serving Stewart, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Stewart
Featured Mortgage Lenders
Marietta Savings Bank Mortgage Department
Marietta Savings Bank
Marietta Savings Bank stands as the premier local banking institution serving Southeast Ohio, including Stewart and surrounding Washington County. With over 135 years of community banking experience, they offer personalized mortgage services with local decision-making and competitive rates. Their mortgage team provides one-on-one guidance through the entire home financing process, specializing in first-time homebuyer programs and rural development loans that are particularly relevant for the Stewart area. Their exceptional 4.8 rating reflects consistent customer satisfaction with their responsive service and deep understanding of the local real estate market.
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WesBanco Mortgage Services
WesBanco Bank, N.A.
WesBanco provides comprehensive mortgage services throughout the Ohio Valley region with a strong presence in Washington County. As an established regional bank with over 150 years of financial service experience, they offer competitive mortgage products and local underwriting expertise. Their Marietta branch serves Stewart residents with convenient access to mortgage specialists who understand rural property financing and local market conditions. Customers consistently praise their efficient processing, transparent communication, and competitive rate offerings, making them a top choice for home financing in the Stewart area.
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Liberty National Mortgage Group
Liberty National Bank
Liberty National Bank has been serving Southeast Ohio communities for nearly a century, with specialized mortgage services tailored to rural areas like Stewart. Their mortgage team excels at navigating the unique aspects of rural property financing, including USDA loans and construction lending. With local loan officers who understand the specific needs of Washington County homebuyers, they provide personalized service from application through closing. Their high customer satisfaction ratings reflect their commitment to making the mortgage process straightforward and stress-free, with particular expertise in helping buyers navigate rural property requirements and financing options.
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Frequently Asked Questions
Common questions about mortgage lending in Stewart, OH
What are the typical down payment requirements for homes in Stewart, OH, given its rural market?
In Stewart's more affordable rural market, many conventional loans can be secured with a 5% down payment, and FHA loans with just 3.5% down are common. Local lenders are familiar with appraising properties in Athens County and can guide you on any unique property considerations that might affect loan-to-value ratios. For qualifying buyers, USDA loans offer a zero-down option on eligible properties in this designated rural area.
Are there any local or state-specific first-time homebuyer programs beneficial for buying in Stewart?
Yes, the **Ohio Housing Finance Agency (OHFA)** offers several valuable programs, including down payment assistance grants and competitive first-time homebuyer mortgage rates, which are accessible in Stewart. Additionally, the **Athens County Land Bank** occasionally has properties available, which can be an affordable entry point, often paired with these OHFA programs. Consulting with a local lender who is an OHFA-approved partner is the best first step.
How does the appraisal process work for unique or older properties in a historic area like Stewart?
Appraising older homes or properties with unique characteristics (like historic barns or larger land parcels) requires an appraiser with specific local expertise. Lenders in the region will use appraisers familiar with Athens County's rural and historic property values. It's important to provide any documentation on updates or unique features to ensure an accurate valuation that satisfies the lender's requirements.
What type of mortgage is most common for the larger parcels of land often available in Stewart?
For properties with significant acreage, a conventional loan is often the most straightforward option if the land is primarily residential. If the property includes operational farmland, an agricultural or farm loan through a specialized lender or local farm credit service may be necessary. For standard homes on a few acres, a typical conventional, FHA, or USDA loan usually suffices.
How do property taxes in Athens County impact the mortgage qualification process in Stewart?
Athens County has relatively modest property tax rates compared to urban Ohio counties, which can help with debt-to-income (DTI) ratio calculations. Your lender will use the specific tax rate for the property's township when estimating your monthly escrow payment. It's advisable to get a precise tax estimate from the Athens County Auditor's office early in the process for accurate budgeting.
Why Choose a Mortgage Lender in Stewart?
Local Market Knowledge
Lenders who understand Stewart'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 Stewart and get competitive rates on your home loan.