The Best Mortgage Lenders in Washingtonville, OH
Compare verified mortgage lenders serving Washingtonville, Ohio. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Washingtonville
Featured Mortgage Lenders
loanDepot
loanDepot, LLC
loanDepot is a highly-rated national mortgage lender with a strong presence in Ohio, including service to Washingtonville and surrounding areas. Known for competitive rates and a digital-friendly process, they offer a wide range of loan products and have built a reputation for efficiency and customer satisfaction. Their extensive experience and high review count reflect reliability and a commitment to helping borrowers in Columbiana County and beyond achieve homeownership.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding is a top-rated mortgage lender that serves Washingtonville and the broader Ohio region, praised for its diverse loan options and exceptional customer service. With a focus on community inclusion and flexible lending solutions, they have a track record of high customer satisfaction and competitive rates. Their long-standing experience and substantial review base make them a trusted choice for homebuyers in rural and urban areas alike.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a reputable mortgage lender with a significant footprint in Ohio, including service to Washingtonville and nearby communities. They are recognized for their personalized approach, competitive pricing, and wide array of loan products. With years of experience and a strong review history, Caliber emphasizes customer care and has a proven ability to navigate various mortgage scenarios, making them a reliable option for home financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Washingtonville, OH
What are typical mortgage rates for homebuyers in Washingtonville, OH, and how do they compare to state averages?
Mortgage rates in Washingtonville are generally aligned with national and Ohio averages, but local credit unions like Farmers National Bank or 1st National Community Bank can sometimes offer competitive rates for residents. As a rural village in Columbiana County, rates may be slightly influenced by local property appraisals and market liquidity, so it's wise to compare offers from both local and online lenders.
Are there any down payment assistance programs specifically for buyers in Washingtonville, OH?
While Washingtonville itself doesn't offer a village-specific program, homebuyers can access Ohio-wide programs like the Ohio Housing Finance Agency's (OHFA) "Your Choice! Down Payment Assistance," which provides 2.5% or 5% of the loan amount. Given Washingtonville's affordable home prices, these programs can significantly reduce the upfront cost for first-time and repeat buyers in the area.
How does Washingtonville's rural location and smaller housing market affect the mortgage appraisal process?
Appraisals in Washingtonville can be challenging due to fewer recent comparable home sales ("comps") in the immediate village. Lenders may need to expand the search area to nearby Salem or Columbiana, which can sometimes lead to valuation discrepancies. It's advisable to work with a local real estate agent who can provide relevant sales data to support the home's value.
What should I know about property taxes and insurance when getting a mortgage in Washingtonville?
Washingtonville property taxes in Columbiana County are relatively moderate, but it's crucial to confirm if the home is within the West Branch Local School District, as tax rates can vary. For insurance, due to the village's rural setting, lenders will require a standard homeowner's policy, and you may want to consider additional coverage for septic systems or wells, which are common.
Are there any special mortgage considerations for purchasing older or historic homes in Washingtonville?
Yes, many homes in Washingtonville have older construction dates. Lenders may require specific inspections (like a thorough roof, foundation, or electrical evaluation) for homes built before 1978 due to potential lead-based paint concerns. For a conventional loan, the property must meet minimum property standards, so budgeting for possible repairs during the mortgage contingency period is important.
Nearby Cities
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Why Choose a Mortgage Lender in Washingtonville?
Local Market Knowledge
Lenders who understand Washingtonville'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 Washingtonville and get competitive rates on your home loan.