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9 best mortgage lenders in Ohio

Our top picks for low rates, refinancing, first-time homebuyers and customer service in the Buckeye State.

The birthplace of Thomas Edison and seven US presidents, over 11 million people call Ohio home. Around 66% of Ohioans own their property and pay an average of $1,282 per month in ownership costs, including mortgage payments, taxes and utilities — well below the national average.

According to Zillow, the average price of a house in Ohio is $166,338 as of February 2021. Home values in the state have gone up 9.6% over the past year. So if you’re looking to buy a new home or refinance your existing mortgage, our top nine lenders are a great place to start your search.

Best Ohio mortgage lenders in 2021

How we picked the best lenders

We handpicked these lenders from 226 mortgage companies originating home loans in Ohio. These top nine picks made our list after researching and comparing interest rates, first-time homebuyer programs, credit score eligibility, customer service and digital convenience.

We also read customer reviews from consumer rating sites like Zillow, Trustpilot and the Better Business Bureau (BBB) in making our decisions. To learn about our lender selection process, please see Finder’s rating methodology.

Best online experience

Better

See rates
on Better's secure site

If you're after a faster digital mortgage application process minus a loan officer's commission, Better could fit the bill. The company offers a fully integrated digital application process from end-to-end and never charges an origination fee to its customers.

Better offers a range of purchase and refinance loans and advertises its rates online, so you can quickly compare different rates. And, as a digital lender, Better is available 24/7, so you can start an application whenever you're ready.

Best marketplace

LendingTree

See rates
on LendingTree's secure site

LendingTree is a 100% free marketplace where you can compare home loans. Instead of having to research lenders yourself, LendingTree matches you with lenders from its database of over 1,500 partners nationwide.

To get started, go to the LendingTree website or download the company's mortgage app and answer some questions about yourself and your goals. Within a few minutes, you should start receiving live offers from multiple lenders to compare and choose.

Rocket Mortgage

See rates
on Rocket Mortgage's secure site

Owned by Quicken Loans, Rocket Mortgage is a fully digital lender that allows you to get a mortgage without having to use a loan officer. Rocket Mortgage is the most popular lender in the US, with nearly one out of 10 borrowers using it for their home purchase in 2020.

To get started, visit the Rocket Mortgage website and answer some questions to see what loans and rates you could qualify for. If you want to apply for a loan, Rocket Mortgage offers an electronic application that syncs with your bank for a more streamlined process.

Best rates

Bank of America

Bank of America (BofA) is one of America's biggest financial institutions, with 66 million customers, 4,300-plus retail outlets and 2,700 lending centers nationwide. BofA is a major player in the mortgage industry and, on average, has the lowest rates of all lenders in Ohio as of February 2021.

The company offers a solid range of loans, including a low-down-payment homebuyer program through Freddie Mac and a HELOC with no application fee or annual fee. BofA provides an online mortgage application process, so you can get started whenever it's convenient for you.

Best for a wide range of credit scores

Mr. Cooper

Having a harder time getting prequalified in Ohio? Mr. Cooper may be able to help. The company offers a variety of loans, including conventional, jumbo and government-backed loans, and is known to work with borrowers with a range of credit scores.

Headquartered in Dallas, Texas, Mr. Cooper offers customers a 100% US-based adviser team, a user-friendly app for making digital payments and exclusive perks for current customers. To get started, visit the website and get in touch with a loan officer.

Best Regional Lender

Huntington National Bank

Founded in 1866, Huntington National Bank is a full-service bank operating primarily in the Midwest. The bank offers an above-average selection of home loans, including conventional, government-backed and specialized mortgages, physician's mortgages, home equity loans and more.

Huntington National Bank contributes to its communities through investment and partnerships with local businesses. If you're looking for a regional bank that's committed to helping local borrowers in various circumstances, Huntington National Bank may be a good choice.

Best for refinancing

AmeriSave

See rates
on AmeriSave's secure site

Atlanta, Georgia-based Amerisave is one of America's largest privately owned online mortgage lenders and has refinanced over 228,000 homes to date. On average, AmeriSave has the lowest refinance rates of all the lenders in Ohio, with APRs as low as 2.262% as of February 2021.

AmeriSave offers a digital prequalification process that only takes a few minutes and lets you view your available rates without requiring a Social Security number. If you're looking for a low-rate refinance mortgage, AmeriSave could be worth investigating.

Best for customer service

Synergy One Lending

Synergy One Lending (S1) is a digital lender that comes highly rated by past customers. Whether you're looking to purchase or refinance, take advantage of S1's Modern Mortgage Experience, which aims to provide the right mix of modern technology with personal support.

The company offers a solid range of home loans, including conventional and government-backed loans, jumbo loans and reverse mortgages. To get started, visit the website or download the S1 Connect app, where you can apply for and track your loan right from your smartphone.

Best for first-time homebuyers:

CrossCountry Mortgage

Founded in Cleveland, Ohio in 2003, CrossCountry Mortgage is a full-service lender offering a wide range of home loans. Mortgage options include conventional and government-backed loans and multiple refinance programs, including FHA, VA and USDA streamline refinance loans.

One standout feature of CrossCountry Mortgage is its willingness to approve borrowers with alternative lending criteria. Even without tax returns, strong credit borrowers may be eligible for a CrossCountry Mortgage loan through its Bank Statement Program.

Which lender is best for me?

With literally hundreds of lenders available in Ohio, you may wonder if you’ve found the right company for your needs. The good news is that it’s possible to narrow down the choices by considering a few factors.

Here’s what to keep in mind.

  • Look beyond interest rates. While interest rates are important, also consider a loan’s down payment and PMI requirements, points, term length, closing costs and other fees.
  • Ensure the lender is a good fit. Lenders vary a lot. Are you after a traditional lender, a fully digital lender, or something in between? Online reviews are helpful in determining if a lender will be the right fit.
  • Ask the lender questions:
    • What fees do you charge?
    • Can I buy points to lower my rate?
    • How long can I lock my interest rate for?
    • How long will the process take?
    • Who is my contact person if I need help?
    • Will you sell my loan after closing?
    • Are there prepayment penalties?
  • Get several quotes. Always get at least three or four quotes so you can compare offers and negotiate a better rate or lower fees.

Compare mortgage lenders

Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.

Name Product Loan products offered State availability Min. credit score
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
620
Streamline your mortgage from quote to final payment — all from your computer or phone.
AmeriSave
(NMLS #1168)
AmeriSave
Conventional, Jumbo, FHA, VA, USDA, Refinance
Not available in: NY
620
Great customer reviews and customized rate quotes in three minutes with no SSN needed.
Veterans United
(NMLS #1907)
Veterans United
Conventional, FHA, VA, USDA, Jumbo, Refinance
Available in all states
620
Veterans United stands out from other lenders for its focus on serving the military community.
Better
(NMLS #330511)
Better
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
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Compare up to 4 providers

Average rates and fees in Ohio

As of February 17, 2021, the benchmark 30-year fixed mortgage rate in the US is 2.96%. According to data from the Consumer Financial Protection Bureau (CFPB), most Ohio lenders are offering interest rates at or below 2.875%, with rates in the state ranging from 2.00% to 3.625% as of this writing.

Additionally, you can expect to pay around $3,360 after taxes for closing costs, or approximately 1.68% to 3.36% of your home’s final sale price, according to data from ClosingCorp. Research Ohio mortgage rates and closing costs for more details on what you can expect to pay.

What about brokers?

Aside from LendingTree, our list of the top nine Ohio lenders are companies that underwrite mortgage loans directly to consumers. However, if you don’t want to research and compare mortgage loans yourself, a mortgage broker can do the work for you.

If you use a broker, be prepared to pay around .5% to 2% of your loan’s value in commissions. Be sure to choose a mortgage broker carefully, as some charge excessive fees. But with many lenders offering free prequalification online, you may find that you can find a low rate on your own, minus the broker’s commission.

Bottom line

Whether you’re a new homebuyer or want to refinance your existing mortgage, there are many choices available. If one lender doesn’t have the right loan for your circumstances, another likely will. While our top Ohio lender picks will be just right for many borrowers, compare more lenders if you still need help finding the right fit.

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