The Best Mortgage Lenders in Wadsworth, OH
Compare verified mortgage lenders serving Wadsworth, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Wadsworth
Featured Mortgage Lenders
Michael J. Mozzone
Mozzone Mortgage Group
Mozzone Mortgage Group is a highly-rated local Wadsworth mortgage broker with exceptional customer satisfaction ratings. As a family-owned business operating in the community for over two decades, they provide personalized service and deep local market knowledge. Their team specializes in finding the right loan products for each client's unique situation, with particular expertise in first-time homebuyer programs and competitive refinance options. Their outstanding 4.9-star rating reflects their commitment to transparent communication and smooth closing processes.
Loan Types:
Mortgage Department
CNB Bank
CNB Bank has been serving the Wadsworth community since 1934 with a strong local presence and excellent mortgage services. As a community bank with deep roots in Medina County, they offer the advantage of local decision-making combined with competitive rates. Their mortgage team provides personalized guidance through the entire home financing process, with particular strength in construction loans and first-time buyer programs. Customers consistently praise their responsive service and the convenience of working with a local institution that understands the Wadsworth housing market.
Loan Types:
Mortgage Specialists
CrossCountry Mortgage, LLC
CrossCountry Mortgage brings national lending power with strong local presence throughout Northeast Ohio, including dedicated service for Wadsworth homebuyers. Founded in 2003, they've built an excellent reputation for competitive rates and efficient loan processing. Their extensive product portfolio includes specialized programs for self-employed borrowers and investment properties. With hundreds of positive reviews highlighting their responsive communication and expertise in complex loan scenarios, they provide a reliable option for Wadsworth residents seeking comprehensive mortgage solutions with the backing of a major lender.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Wadsworth, OH
Are there any first-time homebuyer programs specifically for Wadsworth, OH, residents?
Yes, the Ohio Housing Finance Agency (OHFA) offers several statewide programs, including down payment assistance and competitive interest rates, which are widely used in Wadsworth. Additionally, Medina County may have local grants or programs; it's advisable to check with the City of Wadsworth's Community Development office or a local lender familiar with county-specific opportunities to maximize available assistance.
How do property taxes in Wadsworth, OH, impact my mortgage payments and affordability?
Wadsworth is located in Medina County, which has property tax rates that are generally moderate for Northeast Ohio. Your lender will calculate an escrow payment as part of your monthly mortgage to cover these taxes. It's crucial to factor in Wadsworth's effective tax rate (around 1.5% to 1.8% of home value) when determining your total housing payment, as it can significantly affect your budget.
What is the typical down payment required for a conventional loan on a home in Wadsworth's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many lenders in the Wadsworth area offer conventional loans with as little as 3% or 5% down, especially for first-time buyers. Given Wadsworth's competitive but more balanced market compared to larger cities, a strong offer with a lower down payment is still feasible, particularly for well-qualified buyers.
Are USDA loans a viable option for homes in Wadsworth, Ohio?
Yes, parts of Wadsworth and the surrounding rural areas of Medina County are eligible for USDA Rural Development loans, which offer 100% financing (no down payment). A local mortgage lender can confirm the specific eligibility of a property using the USDA eligibility map. This can be an excellent program for eligible buyers looking at properties on the outskirts of the city.
How do I account for Wadsworth's older housing stock when getting a mortgage?
Many homes in Wadsworth's established neighborhoods were built mid-20th century, so an FHA 203(k) loan or a conventional renovation loan can be valuable tools. These loans allow you to finance both the purchase and necessary repairs. A thorough home inspection is critical, as lenders may have specific appraisal requirements for older properties regarding systems like roofing, electrical, and plumbing.
Nearby Cities
Explore mortgage lenders in cities near Wadsworth, OH
Why Choose a Mortgage Lender in Wadsworth?
Local Market Knowledge
Lenders who understand Wadsworth'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 Wadsworth and get competitive rates on your home loan.