The Best Mortgage Lenders in Warsaw, OH
Compare verified mortgage lenders serving Warsaw, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Warsaw
Featured Mortgage Lenders
Mid-West Federal Credit Union
Mid-West Federal Credit Union
Mid-West Federal Credit Union is a highly-rated regional financial institution serving multiple counties including Holmes County where Warsaw is located. With exceptional customer satisfaction ratings and over 65 years of community banking experience, they offer personalized mortgage services with competitive rates. Their mortgage team provides comprehensive guidance through the entire home buying process, including specialized first-time homebuyer programs and various government-backed loans. Members consistently praise their responsive service, transparent communication, and local decision-making authority.
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Richland County Bank
Richland County Bank
Richland County Bank has been serving Central Ohio communities for over 120 years and provides mortgage services to Warsaw and surrounding areas. As a community-focused bank, they offer personalized mortgage solutions with local underwriting and decision-making. Their experienced loan officers work closely with borrowers throughout Coshocton, Holmes, and Knox counties. Customers consistently rate them highly for their competitive rates, flexible terms, and exceptional customer service. The bank specializes in both purchase and construction loans with various financing options tailored to rural and suburban properties.
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Union Savings Bank
Union Savings Bank
Union Savings Bank has been serving the Coshocton County area for over 100 years and extends mortgage services to Warsaw and surrounding communities. They are particularly strong in rural property financing and offer specialized USDA loans that benefit Warsaw area homebuyers. Their experienced mortgage team provides personalized service with local processing and underwriting. Customers consistently praise their knowledgeable staff, competitive rates, and smooth closing processes. The bank maintains strong relationships with local real estate professionals and offers various mortgage products suitable for the rural character of the Warsaw market.
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Frequently Asked Questions
Common questions about mortgage lending in Warsaw, OH
What are typical down payment requirements for homes in Warsaw, OH, given the local market?
In Warsaw's relatively affordable market, many conventional loans require a 5% down payment, though some lenders may offer 3% programs. For the area's median home price, this translates to a manageable $8,000-$15,000 upfront. USDA Rural Development loans are also popular here and offer 0% down options for eligible properties and borrowers, making homeownership very accessible.
Are there any local or county-specific first-time homebuyer programs available in Warsaw?
Yes, the Coshocton County Port Authority administers the "Welcome Home" down payment assistance program, which is available to Warsaw residents. This program can provide qualified first-time buyers with a grant of up to $5,000 to cover down payment and closing costs. Eligibility is based on income and the purchase price of the home within the county.
How does Warsaw's rural designation affect my mortgage options?
Warsaw's location in Coshocton County makes most properties eligible for USDA Rural Development Guaranteed Loans. This is a significant advantage, as USDA loans offer 100% financing (no down payment), competitive interest rates, and more flexible credit guidelines than conventional loans. This program is a cornerstone of mortgage lending in the area.
What should I know about property taxes and insurance when calculating my monthly payment in Warsaw?
Coshocton County has modest property tax rates, typically around 1.1% to 1.3% of the home's assessed value. For insurance, it's wise to factor in a separate flood insurance policy if considering a property near the Walhonding River or Muskingum River. Your lender will help escrow these costs, but budgeting for them early is key for an accurate affordability picture.
Are local community banks a good option for mortgages in Warsaw, and what are their advantages?
Absolutely. Local institutions like Community Bank (with a branch in nearby Coshocton) and other regional banks often have deep knowledge of the Warsaw area's property values and can offer personalized service. They may also be more flexible in underwriting for unique properties, such as those with more land, which are common in the area, compared to large national lenders.
Why Choose a Mortgage Lender in Warsaw?
Local Market Knowledge
Lenders who understand Warsaw'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 Warsaw and get competitive rates on your home loan.