Mortgage broker in Salem, Ohio

Home loans in Salem

Salem has a historic downtown, strong manufacturing employers, and a wide range of affordable housing, which makes it one of the best first-time-buyer markets in Northeast Ohio. It is twenty minutes from our Columbiana office.

Salem housing and what it means for your loan

Victorian and craftsman homes near downtown, 1950s neighborhoods to the north and south, and rural properties on the edges. Older homes often need updates, so renovation financing is a frequent fit.

Programs Salem buyers use most

• FHA and conventional 3% down for first-time buyers
• FHA 203(k) and conventional renovation loans
• USDA on eligible addresses outside the city
• DSCR loans for Salem rental properties

See all loan programs: Conventional, FHA, VA, USDA, Jumbo, DSCR, bank statement, renovation, refinance and cash-out.

Why Salem buyers choose a broker

A bank offers one set of rates and guidelines. As a broker we shop your file across our lender panel, so a Salem buyer with a smaller down payment, self-employment income, or an investment property gets matched to the lender that actually wants that loan. You get one point of contact, Rollin Gosney, from pre-approval through closing. Broker vs. bank, explained.

Salem mortgage questions

What is the minimum down payment for a Salem home?

3% on conventional for first-time buyers, 3.5% on FHA, and zero down on VA or USDA where you qualify.

Can I roll repairs into my Salem mortgage?

Yes. FHA 203(k) and conventional renovation loans let you finance the purchase and the repairs in one loan based on the after-improved value.

Do you lend on Salem investment properties?

Yes. DSCR loans qualify on the property's rent rather than your tax returns, which suits investors building a Salem portfolio.

Nearby communities we serve

Columbiana, Lisbon, Canfield, East Liverpool, East Palestine, and the rest of Mahoning, Columbiana and Trumbull counties. All Ohio service areas.

Licensing

Gosney Mortgage Group LLC, NMLS #1779150. Ohio Residential Mortgage Lending Act Certificate of Registration RM.804367.000. Rollin Gosney, NMLS #1775528. Equal Housing Opportunity. 22½ S. Main St, Columbiana, OH 44408.