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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.

By
NerdWallet
Mar 9, 2023

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.

Best Ohio Mortgage Lenders

Lender
NerdWallet Rating
Min. credit score
Min. down payment
Learn more
Chase

Chase: NMLS#399798

Read review
4.5/5
Best for a traditional bank

620

3%

3.5/5
Best for first-time home buyers

620

3%

Learn moreat Fairway Independent Mortgageat Fairway Independent Mortgage
loanDepot

loanDepot: NMLS#174457

4.0/5
Best for online experience

620

5%

PNC

PNC: NMLS#446303

4.5/5
Best for home equity

680

3%

PrimeLending

PrimeLending: NMLS#13649

2.5/5
Best for refinancing

620

3%

Quicken Loans

Quicken Loans: NMLS#3030

4.0/5
Best for refinancing

620

3%

Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC
4.5/5
Best for online experience

620

3%

Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC
US Bank

US Bank: NMLS#402761

4.5/5
Best for home equity

620

N/A

USAA

USAA: NMLS#8722

4.0/5
Best for first-time home buyers

640

0%

Chase
Read review
Chase

Chase: NMLS#399798

4.5
Min. credit score

620

Min. down payment

3%

Why We Like ItGood 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 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.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
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.
Why We Like ItGood 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.
loanDepot

loanDepot: NMLS#174457

Min. credit score

620

Min. down payment

5%

Why We Like ItGood 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.
PNC

PNC: NMLS#446303

National / regional

National

Max LTV

85%

Min. credit score

680

Why We Like ItExisting PNC customers can take advantage of discounts on their APR.
Pros
  • Offers a fixed-rate option.
  • Offers a rate discount for existing customers.
Cons
  • Annual fee of $50.
PrimeLending

PrimeLending: NMLS#13649

Min. credit score

620

National / regional

National

Why We Like ItGood 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.
Quicken Loans

Quicken Loans: NMLS#3030

Min. credit score

620

National / regional

National

Why We Like ItGood 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.
Rocket Mortgage, LLC
Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC
Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

Min. credit score

620

Min. down payment

3%

Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC
Why We Like ItGood for: borrowers who appreciate a fully digital home loan experience with mortgage rates lower than other lenders’.
Pros
  • Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
  • Mortgage interest rates are on the low side compared to other lenders, according to the latest federal data.
  • Offers the option to work with loan officers by phone if desired.
Cons
  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Doesn't offer home equity lines of credit.
  • Origination fees are on the high side compared with other lenders, according to the latest federal data.
US Bank

US Bank: NMLS#402761

National / regional

National

Max LTV

80%

Min. credit score

620

Why We Like ItGreat for: Fixed-rate option
Pros
  • Offers a full line of conventional and government loan products.
  • Provides home equity loans and lines of credit.
  • Allows borrowers to apply and track their loan's progress online.
Cons
  • No personalized mortgage rates available online.
  • Published mortgage rates assume an above-average credit score.
USAA

USAA: NMLS#8722

Min. credit score

640

Min. down payment

0%

Why We Like ItGood for: veterans, active-duty service members and eligible reservists looking for VA loans.
Pros
  • VA loans are the bulk of USAA’s business, so it knows the ins and outs of eligibility.
  • Offers a conventional home loan with low down payment for first-time buyers.
  • Mortgage interest rates are on the low side compared with other lenders, according to the latest federal data.
Cons
  • Doesn’t offer FHA or USDA loans, or second mortgages.
  • Limited mortgage rate information is on the USAA website. For customized rates, you'll have to make contact.

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.

  • 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.

  • 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.

  • 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.

  • 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 March 9, 2023

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

  • Chase: Best for a traditional bank
  • Fairway Independent Mortgage: Best for first-time home buyers
  • loanDepot: Best for online experience
  • PNC: Best for home equity
  • PrimeLending: Best for refinancing
  • Quicken Loans: Best for refinancing
  • Rocket Mortgage, LLC: Best for online experience
  • US Bank: Best for home equity
  • USAA: Best for first-time home buyers
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