The Best Mortgage Lenders in The Plains, OH
Compare verified mortgage lenders serving The Plains, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in The Plains
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender recognized for its competitive rates, exceptional customer service, and diverse loan options. With over two decades of experience, they have a strong regional presence in Ohio, including service to The Plains, and are praised for their efficient processing and support for first-time homebuyers and refinancers alike.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-ranked lender known for its outstanding customer satisfaction and personalized approach. With nearly 30 years in the industry, they offer a wide array of loan products and are celebrated for their competitive rates, local expertise, and commitment to helping clients in The Plains and surrounding areas achieve their homeownership goals.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a premier digital mortgage lender acclaimed for its innovative technology, fast closings, and competitive rates. With a quarter-century of experience, they provide a seamless online mortgage process and have a robust presence in Ohio, serving The Plains with reliable customer support and a variety of loan options tailored to individual needs.
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Frequently Asked Questions
Common questions about mortgage lending in The Plains, OH
Are there any special mortgage considerations for buying a home in The Plains, OH, given its proximity to Athens and Ohio University?
Yes, lenders are very familiar with the unique market dynamics here. You may find competitive rates due to the stable university economy, but be prepared for properties that may have been used as student rentals, which can affect appraisal values and required inspections. Some lenders also offer specific programs for university employees.
What down payment assistance programs are available for first-time homebuyers in The Plains, OH?
First-time buyers in The Plains can access statewide Ohio programs like "Your Choice! Down Payment Assistance" through the Ohio Housing Finance Agency (OHFA). Additionally, Athens County may offer local grants or soft-second mortgages. It's crucial to work with a lender approved by OHFA to utilize these funds, which can provide 2.5% to 5% of the purchase price in assistance.
How do property types common in The Plains, like older homes or rural lots, impact the mortgage process?
Financing older homes or properties on well and septic systems is common here but requires specific steps. Lenders will often mandate a thorough home inspection and well/septic certification. For more rural parcels, you might need a USDA Rural Development loan, which is widely available in Athens County and offers 100% financing with no down payment.
What are typical mortgage rates and closing costs for buyers in The Plains compared to the rest of Ohio?
Mortgage rates in The Plains are generally aligned with national and state averages. However, closing costs can sometimes be slightly lower than in major metro areas due to competitive local title and insurance markets. It's always wise to shop around with local credit unions, like those in Athens, which often offer very competitive rates and personalized service for the community.
Is it difficult to get a mortgage for a manufactured home in The Plains, OH?
Financing for manufactured homes is possible but has specific requirements. The home must be on a permanent foundation and titled as real estate, not personal property. Local lenders and brokers experienced with the area are your best bet, as they understand how to navigate these loans, which may be offered through FHA, VA, or USDA programs if the home and land meet their criteria.
Why Choose a Mortgage Lender in The Plains?
Local Market Knowledge
Lenders who understand The Plains'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 The Plains and get competitive rates on your home loan.