9 Best Ohio Mortgage Lenders of 2021 - NerdWallet Advertiser disclosure

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9 Best Ohio Mortgage Lenders of 2021

Looking for home loans in Ohio? Here are popular local lenders and standouts for first-time buying, refinance, home equity borrowing and traditional and online service.NerdWallet Jan 29, 2021 Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. If you’re looking to buy a house in Ohio or refinance your existing mortgage, this is an excellent place to start. Finding a lender that best suits your situation can save you time — and possibly money. After reviewing the state’s leading home lenders and matching them to the different needs of Ohio residents, we’ve compiled this short list of the Buckeye State’s best. The national and regional companies in the table have been reviewed by NerdWallet and are among Ohio's top lenders. We've selected some of the strongest in five categories. If you’re looking to buy a house in Ohio or refinance your existing mortgage, this is an excellent place to start. Finding a lender that best suits your situation can save you time — and possibly money. After reviewing the state’s leading home lenders and matching them to the different needs of Ohio residents, we’ve compiled this short list of the Buckeye State’s best. The national and regional companies in the table have been reviewed by NerdWallet and are among Ohio's top lenders. We've selected some of the strongest in five categories.

Best Ohio Mortgage Lenders

LenderNerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.National / regionalMax LTVMin. credit score Minimum credit score on top loans; other loan types or factors may selectively influence minimum credit score standardsLearn more PNC NMLS#446303Learn more at PNC 5.0/5 Best for home equityNationalVaries680 HELOC:680HEL:620Learn moreat PNC Rocket Mortgage LLC NMLS#3030Learn more at Rocket Mortgage, LLC 4.0/5 Best for online experience N/A N/A620 VA:580JUMBO:N/AFHA:580CONVENTIONAL:620Learn moreat Rocket Mortgage, LLC Quicken Loans NMLS#3030Learn more at Quicken Loans 4.0/5 Best for refinancing N/A N/A620 CASHOUT:620VA:620JUMBO:N/AFHA:580CONVENTIONAL:620Learn moreat Quicken Loans Fairway Independent Mortgage NMLS#2289Learn more at Fairway Independent Mortgage 3.5/5 Best for first-time home buyers N/A N/A620 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:640Learn moreat Fairway Independent Mortgage loanDepot NMLS#174457Read review 4.0/5 Best for online experience N/A N/A620 JUMBO:N/AVA:620FHA:580CONVENTIONAL:620Read reviewUSAA NMLS#8722Read review 3.5/5 Best for first-time home buyers N/A N/A640 VA:640JUMBO:N/ACONVENTIONAL:620Read reviewUS Bank NMLS#402761Read review 4.5/5 Best for home equityNational80%620 HELOC:620HEL:620Read reviewPrimeLending NMLS#13649Read review 2.5/5 Best for refinancing N/A N/A620 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:580Read reviewChase NMLS#399798Read review 4.5/5 Best for a traditional bank N/A N/A620 CONVENTIONAL:620FHA:620JUMBO:N/AUSDA:N/AVA:620Read reviewLearn moreat PNC

PNC NMLS#446303

5.0NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.National / regionalNational Max LTVVaries Min. credit score680 HELOC:680HEL:620 View details Learn moreat PNC View details Min. credit score 680 Why we like it Great for: Flexible rate options Pros Option to switch between fixed and variable rates during draw period. LTV borrowing limits between 80% and 89.9%, depending on location. Rate discount available for PNC customers. Cons Fee applies when locking or unlocking fixed rates.Read Full ReviewLearn more at Rocket Mortgage, LLC

Rocket Mortgage LLC NMLS#3030

4.0NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 VA:580JUMBO:N/AFHA:580CONVENTIONAL:620 Min. down payment3% Rocket Mortgage offers conventional mortgages with as little as 3% down. View details Learn moreat Rocket Mortgage, LLC View details Why we like it Good for: borrowers who appreciate convenience online and on the go for a fully digital home loan experience with consistently acclaimed customer service. Pros Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary. Estimates the loan amount you’ll qualify for within minutes. Streamlines the online process with document and asset retrieval capabilities, including the ability to edit your preapproval letter. Cons Getting a customized interest rate requires a credit check, which can affect your credit score. Doesn't offer home equity loans or lines of credit. Lender fees are on the high side and the fees aren't offset by particularly low mortgage rates, according to the latest data.Read Full ReviewLearn more at Quicken Loans

Quicken Loans NMLS#3030

4.0NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 CASHOUT:620VA:620JUMBO:N/AFHA:580CONVENTIONAL:620 Min. down payment3% On conventional loans, Quicken offers down payments as low as 3%. View details Learn moreat Quicken Loans View details Why we like it Good for: borrowers who appreciate convenience online and on the go for a fully digital home loan experience with consistently acclaimed customer service. Pros Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary. Estimates the loan amount you’ll qualify for within minutes. Streamlines the online process with document and asset retrieval capabilities, including the ability to edit your preapproval letter. Cons Getting a customized interest rate requires a credit check, which can affect your credit score. Doesn't offer home equity loans or lines of credit. Lender fees are on the high side and the fees aren't offset by particularly low mortgage rates, according to the latest data.Read Full ReviewLearn more at Fairway Independent Mortgage

Fairway Independent Mortgage NMLS#2289

3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:640 Min. down payment3% Fairway Independent Mortgage offers conventional mortgages with flexible terms and mortgage insurance options on down payments less than 20%. View details Learn moreat Fairway Independent Mortgage View details Why we like it Good for: borrowers who want access to a wide variety of mortgages, including renovation loans and ITIN loans. Pros Offers a robust suite of loan products, including ITIN loans for borrowers without Social Security numbers, renovation loans, government-backed mortgages and loans for self-employed borrowers. Receives high marks for customer satisfaction, according to J.D. Power and Zillow. Cons Mortgage rates for different types of loans aren't posted online. Origination fees are on the high side compared with other lenders, according to the latest federal data.Read Full ReviewRead review

loanDepot NMLS#174457

4.0NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 JUMBO:N/AVA:620FHA:580CONVENTIONAL:620 Min. down payment5% LoanDepot offers conventional loans with as little as 5% down. View details Read reviewView details Why we like it Good for: borrowers who want an easy online application and a variety of loan types to explore. Pros Has branches across the country for customers who prefer face-to-face service. Receives high marks for customer satisfaction, according to J.D. Power and Zillow. Mortgage interest rates tend to be on the lower end, according to the latest federal data. Cons Mortgage rates aren't available online; you'll need to contact a loan officer. Doesn't offer home equity loans or lines of credit.Read Full ReviewRead review

USAA NMLS#8722

3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score640 VA:640JUMBO:N/ACONVENTIONAL:620 Min. down payment0% USAA offers VA loans with as little as 0% down. View details Read reviewView details Why we like it USAA specializes in VA loans and offers a variety of online conveniences, but its website doesn’t offer customized rate quotes. Pros VA loans are the bulk of USAA’s business, so it knows the ins and outs of eligibility. Lots of experience assisting first-time home buyers. You can submit loan documents online. Cons Doesn’t offer FHA or USDA loans, or second mortgages. Limited mortgage rate information is on the USAA website, none of it customized. You'll have to call.Read Full ReviewRead review

US Bank NMLS#402761

PrimeLending NMLS#13649

2.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:580 Min. down payment3% PrimeLending offers conventional loans with down payments as low as 3%. View details Read reviewView details Why we like it Good for: borrowers looking for closing cost assistance, as well as those seeking to renovate or to build a new home. Pros Full online application includes document uploads and automated loan updates. Offers a "float-down" interest rate lock. Offers government-backed mortgage and refinance options, including FHA, USDA and VA loans. Cons No online mortgage rates — you have to contact the lender for info. Doesn't offer home equity products.Read Full ReviewRead review

Chase NMLS#399798

4.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 CONVENTIONAL:620FHA:620JUMBO:N/AUSDA:N/AVA:620 Min. down payment3% Chase's DreaMaker mortgage allows down payments as low as 3%. View details Read reviewView details Why we like it Good for: borrowers who want a wide selection of loan products, an in-person experience and comparatively low interest rates. Pros Carries a wide variety of mortgage types and products, including DreaMaker and Standard Agency mortgages, with down payments as low as 3%. Offers low rates compared with other lenders, according to the latest federal data. Offers a customizable mortgage calculator for personalized rate and payment estimates. Cons Doesn't offer home improvement loans, such as FHA 203(k) and HomeStyle. You have to speak with a home loan adviser to complete the application. Home equity lines of credit (HELOC) are currently unavailable.Read Full Review

Local Ohio mortgage lenders

It’s smart to get at least three quotes when shopping mortgage lenders. These local lenders are among those with the highest volume of mortgage sales in Ohio. They have not been reviewed by NerdWallet.

Huntington Bank

7 Ohio branches in Columbus and on the U.S. 23 corridor. Jumbo purchase and refinance, and cash-out refinance. Renovation loans allow $5,000 to $250,000 for repairs. Offers FHA, USDA, VA and conventional loans, and home equity loans and HELOCs. Adjustable-rate mortgages offered, and fixed-rate terms ranging from eight to 30 years. Helps with state down payment assistance bond programs. Headquartered in Columbus, Ohio.

Union Savings Bank

Fixed-rate and 1/1 and 3/1 adjustable-rate mortgages. FHA, VA, conventional and jumbo financing. Products include balloon loans, home equity borrowing, construction, blanket (for development) and lot loans. Headquarters in Cincinnati with 28 Ohio offices.

Fifth Third Bank

Low down payment option if your income is at or below the local median and for homes in underserved areas. Physicians and dentists may qualify for no down payment and no mortgage insurance. Has FHA, VA, conventional and jumbo purchase, refinance and construction loans. Offers home equity loans and credit lines.

Third Federal Savings & Loan

Does not sell its mortgages to other mortgage companies but keeps and services them. Loan officers do not work on commission. Will beat a lower mortgage rate offer or pay you $1,000. No private mortgage insurance required with a 15% down payment. Offers a no-cost 60-day rate lock with a free optional “float down” if rates fall. Home equity products include a 5/1 ARM, fixed-rate loans and a HELOC. Bridge loans available. Headquarters in Cleveland, Ohio.More from NerdWallet Calculate your Ohio mortgage payment Compare Ohio mortgage rates How much home can you afford? Last updated on January 29, 2021

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team. To recap our selections...

NerdWallet' s Best Ohio Mortgage Lenders of 2021

PNC: Best for home equityRocket Mortgage, LLC: Best for online experienceQuicken Loans: Best for refinancingFairway Independent Mortgage: Best for first-time home buyersloanDepot: Best for online experienceUSAA: Best for first-time home buyersUS Bank: Best for home equityPrimeLending: Best for refinancingChase: Best for a traditional bank

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9 Best Ohio Mortgage Lenders of 2021 NerdWallet