The Best Mortgage Lenders in Tiro, OH
Compare verified mortgage lenders serving Tiro, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Tiro
Featured Mortgage Lenders
Tom Stortz
First Federal Community Bank
First Federal Community Bank has been serving Crawford County and surrounding areas for nearly 90 years, making them deeply embedded in the Tiro community. As a local community bank with multiple branches throughout the region, they offer personalized mortgage services with local decision-making. Their mortgage team, led by experienced professionals like Tom Stortz, provides competitive rates and flexible terms with exceptional customer service. The bank specializes in first-time homebuyer programs and offers various loan options including USDA loans which are particularly relevant for rural areas like Tiro. Their long-standing presence and commitment to the local community make them a trusted choice for Tiro residents.
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Matt Miller
Richland Bank
Richland Bank has been serving North Central Ohio for over a century, with strong presence in communities surrounding Tiro. As a regional bank headquartered in nearby Mansfield, they understand the local real estate market dynamics and offer tailored mortgage solutions for rural and suburban properties. Their mortgage specialists provide comprehensive guidance through the entire home buying process, with particular expertise in rural development loans that suit Tiro's community profile. The bank is known for its competitive rates, transparent fee structure, and commitment to local communities through various outreach programs and sponsorships.
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Mortgage Department
CME Federal Credit Union
CME Federal Credit Union serves members throughout Ohio, including Tiro residents, with a strong focus on member satisfaction and competitive mortgage products. While headquartered in Columbus, they have extensive experience serving rural communities across the state. Their mortgage team offers personalized service with lower fees and competitive rates typically associated with credit unions. CME FCU provides comprehensive mortgage counseling and educational resources for first-time homebuyers, along with various special loan programs. Their digital mortgage application process combined with local underwriting expertise makes them an excellent choice for Tiro homebuyers seeking both convenience and personalized service.
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Frequently Asked Questions
Common questions about mortgage lending in Tiro, OH
Are there any special mortgage programs for first-time homebuyers in Tiro, Ohio?
Yes, Ohio offers statewide programs like the Ohio Housing Finance Agency's (OHFA) "Your Choice! Down Payment Assistance," which can provide up to 5% of the loan amount in a grant or a forgivable second mortgage. Tiro residents can also benefit from OHFA's competitive first-time homebuyer rates, which are often below market. Working with a local lender familiar with these programs is key to accessing them for a Tiro property.
How do property taxes in Crawford County affect my mortgage payment in Tiro?
Crawford County property taxes are a significant component of your monthly escrow payment. The county's effective tax rate is moderately high compared to the national average, which can increase your total monthly mortgage payment. It's crucial to get an accurate estimate of taxes for your specific Tiro property during the pre-approval process to budget correctly.
What are typical down payment requirements for homes in Tiro's more rural areas versus in the village itself?
Down payment requirements are primarily set by loan type and your financial profile, not Tiro's specific location. However, for the more rural properties surrounding Tiro, some lenders may have specific appraisal or property condition requirements for USDA Rural Development loans, which offer 0% down. Conventional loans (3% down) and FHA loans (3.5% down) are widely available throughout the area.
Is it difficult to get a mortgage for an older or historic home in Tiro?
It can present unique challenges. Many homes in Tiro and surrounding Crawford County are older, and lenders may require stricter inspections for issues like outdated electrical systems, plumbing, or foundations. An FHA 203(k) renovation loan or a conventional HomeStyle loan can be excellent options to finance both the purchase and necessary repairs, but you'll need to work with a lender experienced in these products.
How does Tiro's stable but slower-paced housing market influence the mortgage process?
Tiro's market is less competitive than major Ohio cities, which can be an advantage for buyers. You may have more time for due diligence, and appraisal gaps are less common. However, local lenders with expertise in the area are essential, as they understand the nuances of valuing properties in a small, rural community, ensuring a smoother underwriting and closing process.
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Why Choose a Mortgage Lender in Tiro?
Local Market Knowledge
Lenders who understand Tiro'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 Tiro and get competitive rates on your home loan.