The Best Mortgage Lenders in Summitville, OH
Compare verified mortgage lenders serving Summitville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Summitville
Featured Mortgage Lenders
Scott G. Weikart
CrossCountry Mortgage, LLC - Salem Office
CrossCountry Mortgage's Salem office, led by Scott Weikart, is one of the highest-rated mortgage lenders serving the Summitville area with exceptional customer satisfaction. As a local branch of a national lender, they combine the resources of a major company with personalized local service. They specialize in first-time homebuyer programs and offer competitive rates with a wide variety of loan products. Their team has deep knowledge of the Columbiana County market and provides educational guidance throughout the entire mortgage process.
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Matthew J. Tringhese
Union Savings Bank - Mortgage Division
Union Savings Bank has been serving Eastern Ohio communities for nearly a century and maintains a strong presence throughout Columbiana and Mahoning Counties. Their mortgage division, led by experienced professionals like Matthew Tringhese, offers comprehensive lending solutions with a community-focused approach. They are particularly known for their construction lending expertise and personalized service. As a local bank, they understand the specific needs of Summitville area residents and offer competitive rates with flexible underwriting.
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Michael A. Stabile
Huntington National Bank - Mortgage Services
Huntington National Bank has a strong regional presence throughout Ohio with multiple branches serving the Summitville area. Their mortgage team provides comprehensive lending solutions with the stability of one of Ohio's oldest and most trusted financial institutions. They offer competitive rates, particularly on conventional loans and first-time homebuyer programs. Huntington is known for their straightforward application process and excellent customer service, with local loan officers who understand the specific real estate market dynamics in Eastern Ohio communities.
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Frequently Asked Questions
Common questions about mortgage lending in Summitville, OH
Are there any local down payment assistance programs specifically for Summitville, Ohio homebuyers?
While Summitville itself may not have a city-specific program, as part of Columbiana County, you have access to the Ohio Housing Finance Agency (OHFA) programs. These offer competitive interest rates and down payment assistance, such as grants for 2.5% or 5% of the loan amount, which can be particularly helpful given the area's median home prices. A local lender familiar with OHFA can guide you through the application process.
How do property taxes in Summitville and Columbiana County impact my mortgage payment and qualification?
Columbiana County has relatively moderate property tax rates compared to larger Ohio metro areas. Your lender will use the county's effective tax rate (typically around 1.3% to 1.5% of assessed value) to calculate your escrow payment. This is a key factor in your debt-to-income ratio, so getting an accurate tax estimate for your specific property is crucial for budgeting and pre-approval in Summitville.
What types of properties in Summitville might require special mortgage considerations?
Summitville and the surrounding rural areas have a mix of older homes, manufactured homes on private land, and properties with larger lots. Financing for older homes (e.g., built before 1978) may require specific inspections for FHA loans. For manufactured homes, you'll need a permanent foundation and a title as real property to qualify for conventional financing, which a local lender can help verify.
Is USDA Rural Development financing available for homes in Summitville, Ohio?
Yes, most of Columbiana County, including Summitville, is eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a popular and advantageous program for the area, given its designation. To qualify, the property must be in an eligible zone, meet USDA standards, and the borrower's income must fall within the county limits, which are generous for the area.
How does the appraisal process work for Summitville homes, given the limited number of recent sales?
Appraisals in smaller markets like Summitville can sometimes be challenging due to fewer comparable sales ("comps"). An appraiser may need to look at recent sales in nearby towns like Salineville or Lisbon. To support the value, be prepared to provide your agent or lender with details on any recent upgrades. Using a local lender who works with appraisers familiar with the county is essential for a smooth process.
Nearby Cities
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Why Choose a Mortgage Lender in Summitville?
Local Market Knowledge
Lenders who understand Summitville'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 Summitville and get competitive rates on your home loan.