The Best Mortgage Lenders in Versailles, OH
Compare verified mortgage lenders serving Versailles, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Versailles
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, serving Versailles and surrounding Darke County areas. With over 28 years in business, they specialize in a wide range of loan products and have a strong local presence through dedicated loan officers. Their high ratings stem from personalized service, fast processing times, and a commitment to community involvement in Ohio.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly reputable lender with a strong regional footprint in Ohio, including service to Versailles. Founded in 2008, they are praised for their efficient loan processing and excellent customer support. They offer a variety of mortgage options and have local loan experts who understand the Darke County market. Their high customer satisfaction ratings reflect their reliability and competitive financing solutions.
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loanDepot
loanDepot, LLC
loanDepot is a nationally recognized mortgage lender with a strong online platform and local agents serving Versailles and rural Ohio communities. Founded in 2010, they provide competitive rates and a seamless digital experience, backed by extensive customer reviews highlighting their efficiency and support. They specialize in various loan types and have a track record of helping borrowers in smaller markets like Versailles achieve their homeownership goals.
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Frequently Asked Questions
Common questions about mortgage lending in Versailles, OH
What are typical down payment requirements for homes in Versailles, OH, given the local market?
In Versailles and surrounding Darke County, many conventional loans require a minimum of 5% down, but local lenders often work with buyers who can put down 3% through programs like the Conventional 97. For the area's median home price (often in the $200k-$300k range), this translates to a more accessible upfront cost. USDA loans, which require 0% down, are also widely available due to the rural designation of the area.
Are there any local or county-specific first-time homebuyer programs in Versailles?
Yes, the Darke County Port Authority offers the "Welcome Home" program, which provides down payment and closing cost assistance in the form of a forgivable grant to income-eligible first-time homebuyers purchasing within the county, including Versailles. Additionally, the statewide Ohio Housing Finance Agency (OHFA) programs are actively used here, offering competitive rates and down payment assistance.
How does Versailles's rural location affect mortgage options and property eligibility?
Versailles's rural setting makes many homes eligible for USDA Rural Development loans, a significant advantage as they offer 100% financing with no down payment. However, it's crucial to have the specific property address checked for USDA eligibility, as boundaries can be precise. This rural status can also sometimes mean fewer local credit union options compared to urban centers, so working with a lender familiar with the area is key.
What should I know about property taxes and insurance when calculating my mortgage payment in Versailles?
Property taxes in Darke County and the Versailles Exempted Village School District are a major component of your monthly payment. Rates are generally moderate for Ohio. For insurance, due to the rural setting and older housing stock, lenders may require a thorough home inspection and specific coverage for well and septic systems if the property is not on municipal utilities, which can influence your escrow calculations.
Are mortgage rates in Versailles, OH, different from the national average?
Mortgage rates are primarily set by national markets, so Versailles rates align closely with national averages. However, your final rate will depend heavily on your personal credit profile and the specific lender. Local community banks and credit unions in the area, such as Second National Bank or Darke County National Bank, may sometimes offer very competitive rates or relationship discounts that are worth exploring.
Why Choose a Mortgage Lender in Versailles?
Local Market Knowledge
Lenders who understand Versailles'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 Versailles and get competitive rates on your home loan.