The Best Mortgage Lenders in Unionville, OH
Compare verified mortgage lenders serving Unionville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Unionville
Featured Mortgage Lenders
First Federal Lakewood
First Federal Lakewood
First Federal Lakewood is a highly-rated community bank serving Northeast Ohio with exceptional mortgage services. With over 85 years of experience, they offer personalized service and competitive rates. They have multiple branches throughout the region and are known for their local decision-making process, making them a top choice for Unionville area homebuyers seeking reliable, community-focused lending with extensive mortgage options and excellent customer service ratings.
Loan Types:
Third Federal Savings & Loan
Third Federal Savings and Loan Association
Third Federal Savings & Loan is a Cleveland-based institution with a strong reputation throughout Ohio, including service to Unionville. They're renowned for their competitive rates, particularly on home equity products, and have maintained excellent customer satisfaction ratings for decades. With 80 years of experience, they offer a wide range of mortgage products with transparent terms and are known for their straightforward application process and reliable service for both purchase and refinance loans.
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Union Home Mortgage
Union Home Mortgage Corp.
Union Home Mortgage has a strong presence throughout Ohio with local loan officers serving the Unionville area. Founded in 1982, they've built a reputation for excellent customer service and competitive mortgage solutions. They offer a comprehensive range of loan products with personalized guidance through the entire home financing process. Their local expertise combined with national lending capabilities makes them a top choice for Unionville residents seeking reliable mortgage services with strong community ties.
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Frequently Asked Questions
Common questions about mortgage lending in Unionville, OH
What are the typical down payment requirements for homes in Unionville, OH, given its rural market?
In Unionville's more affordable market, many conventional loans are available with down payments as low as 3-5%. For the area's older farmhouses or properties that may need updates, an FHA 203(k) renovation loan can be a strategic choice, allowing you to finance both purchase and repairs with a down payment of just 3.5%.
Are there any local or county-specific first-time homebuyer programs available in Trumbull County that I should consider?
Yes, the Trumbull County Land Reutilization Corporation (TCLRC) offers a "Neighborhood Initiative Program" that can provide down payment and closing cost assistance to eligible first-time buyers in Unionville. Additionally, the Ohio Housing Finance Agency (OHFA) offers statewide programs with competitive rates and grants that are very accessible for buyers in this area.
How do property types like land or homes with acreage in Unionville affect mortgage lending?
Lenders often have stricter requirements for properties with significant acreage (typically over 10 acres) as they are considered non-standard. You may need a larger down payment (20% or more) and might work with a lender experienced in rural or agricultural properties. Financing for raw land alone usually requires a specialized land loan or cash.
What should I know about property taxes and insurance when calculating my mortgage payment in Unionville?
Property taxes in Trumbull County are relatively moderate, but it's crucial to factor in potential flood insurance if your desired property is near the Grand River or one of its tributaries. An accurate escrow calculation, which includes homeowners and possibly flood insurance, is essential for budgeting your total monthly payment.
Given Unionville's location, are USDA rural development loans a viable option here?
Absolutely. Most of Unionville and the surrounding area is eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is one of the most advantageous programs for buyers looking in this designated rural area, offering very competitive interest rates.
Why Choose a Mortgage Lender in Unionville?
Local Market Knowledge
Lenders who understand Unionville'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 Unionville and get competitive rates on your home loan.