The Best Mortgage Lenders in Stillwater, OH
Compare verified mortgage lenders serving Stillwater, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Stillwater
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With nearly three decades of experience, they have a strong presence in Northeast Ohio, including serving Stillwater residents. They are highly regarded for their efficient loan processing, personalized advice, and wide range of mortgage options, making them a trusted choice for homebuyers in the region.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated lender praised for its fast closings and community-focused approach. Serving Stillwater and surrounding areas, they offer a streamlined digital mortgage experience combined with local expertise. Their commitment to transparency and competitive pricing has earned them strong customer satisfaction ratings, and they actively support local housing initiatives in Ohio.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized lender with a strong local presence in Ohio, including service to Stillwater. They are acclaimed for their diverse loan programs, including options for first-time homebuyers and those with unique financial situations. With high ratings for customer service and rate competitiveness, they provide tailored solutions and have a reputation for closing loans quickly and efficiently.
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Frequently Asked Questions
Common questions about mortgage lending in Stillwater, OH
What are typical mortgage rates for homebuyers in Stillwater, OH, and how do they compare to state averages?
Mortgage rates in Stillwater generally align with Ohio's statewide averages, but local credit unions like CSE Federal Credit Union often offer competitive rates. As a rural community, Stillwater may have slightly different rate offerings than major metro areas like Columbus, so it's wise to compare both local and national lenders. Rates can also be influenced by property types common in the area, such as older homes or larger lots.
Are there any down payment assistance programs specifically for buyers in Stillwater, OH?
Yes, Stillwater homebuyers can access Ohio's statewide programs, such as the Ohio Housing Finance Agency's (OHFA) Grants for Grads or Your Choice! Down Payment Assistance. While there isn't a Stillwater-specific municipal program, these OHFA programs are widely used in rural communities and can provide 2.5% to 5% of the purchase price in assistance. Eligibility often depends on income limits and property location within the state.
How does Stillwater's rural location and property types affect the mortgage appraisal process?
Appraisals in Stillwater can be more complex due to the rural setting and diverse property types, including farms, acreages, and older historic homes. Appraisers may need to look at comparable sales from a wider geographic area, which can sometimes impact valuation. It's important to work with a lender familiar with rural Ohio properties to ensure a smooth appraisal process.
What should I know about property taxes and insurance when getting a mortgage in Stillwater?
Property taxes in Stillwater (Tuscarawas County) are relatively moderate compared to urban Ohio counties, but they can vary based on school district levies. For insurance, due to Stillwater's rural nature, lenders may require additional coverage for properties with wells, septic systems, or outbuildings. Flood insurance is rarely required, but it's wise to check FEMA maps for properties near creeks or low-lying areas.
Are there special mortgage considerations for buying a home with land or agricultural use in Stillwater?
Yes, purchasing property with significant acreage in Stillwater may require a different type of mortgage. Standard conforming loans often have limits on land size (typically 10 acres or less). For larger parcels or agricultural potential, you may need a rural development loan (like USDA, which is available in Tuscarawas County) or an agricultural loan from a local farm credit lender, which have different underwriting standards.
Nearby Cities
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Why Choose a Mortgage Lender in Stillwater?
Local Market Knowledge
Lenders who understand Stillwater'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 Stillwater and get competitive rates on your home loan.