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Find the Best Mortgage Lenders in Cleveland, OH

Purchasing a home is a high-stakes decision. We researched real estate trends to pick good neighborhoods to buy in and the best mortgage companies in Cleveland to finance that investment. These lenders offer competitive rates and quick, customized quotes backed by a good reputation.

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Compare Top Reverse Mortgage Lenders

Overall satisfaction rating
  • Conventional loans
  • VA, FHA and USDA loans
  • Min credit score 600
  • Fixed & adjustable rates

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(866) 815-0655 Read More
Overall satisfaction rating
  • Conventional loans
  • Refinance and VA loans
  • Min credit score 620
  • Minimum 5% down payment

This direct lender is a division of Bank of Oklahoma Financial. It uses the latest technology like an online automated application system to help clients get the money and information they need as efficiently as possible.

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First Federal Lakewood
  • FHA, VA and USDA loans
  • Doctor and resident loans
  • Min credit score 680
  • Minimum 3% down payment
4001 Detroit Ave.
Cleveland, OH 44113
(216) 961-9319
NLC Loans
  • FHA, VA and USDA loans
  • Manufactured home loans
  • Min credit score 580
  • Minimum 5% down payment
4 Summit Park Dr., Ste. 200
Independence, OH 44131
(877) 480-8050
Accredited Partner
Liberty Home Mortgage Corp.
Overall satisfaction rating
  • Open 24 hours
  • libertyhomemortgage.org

Liberty Reverse Mortgage, formerly known as Genworth Financial Home Equity Access, has been helping senior citizens gain financial independence and security through Home Equity Conversion Mortgages (HECMs) for almost a decade.

4401 Rockside Rd., Ste. 310
Independence, OH 44131
(440) 838-5291
Schmidt Mortgage Company
  • Hours may vary
  • schmidtmortgage.com
20545 Center Ridge Rd., Ste. 250
Rocky River, OH 44116
(440) 356-3242
Third Federal
  • M-Th: 9am - 4pm
  • F: 9am - 6pm
  • Sat: 9am - 1pm
  • Closed Sun
7007 Broadway Ave.
Cleveland, OH 44105
(216) 429-5228
American Midwest
  • Hours may vary
  • ammcorp.net
6363 York Rd., Ste. 300
Parma Heights, OH 44130
(800) 248-0166
First Security Mortgage
  • M-F: 9:30am - 6pm
  • Sat: 9am - 5pm
  • Closed Sun
  • fsmc.net
15887 Snow Rd., Ste. 200
Brook Park, OH 44142
(216) 267-1735
Residential Mortgage Services
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • rmsmortgage.com
4992 Foote Rd., Unit 5
Medina, OH 44256
(234) 231-7350
Quicken Loans
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • quickenloans.com
100 Public Square
Cleveland, OH 44113
(216) 586-8900
Freedom Mortgage
  • Hours may vary
  • freedommortgage.com
36701 American Way, Unit 8
Avon, OH 44011
(440) 695-3065
Bellwether Enterprise
  • Hours may vary
  • bellwetherenterprise.com
360 E. 9th St., Ste. 300
Cleveland, OH 44114
(216) 820-4500
Secure Lending Inc.
  • M-Th: 9am - 7pm
  • F: 9am - 5pm
  • Closed Sat and Sun
  • securelending.us
707 Brookpark Rd.
Cleveland, OH 44109
(800) 705-4308
Sirva Mortgage
  • M-F: 8am - 6pm
  • Closed Sat and Sun
  • sirva.com
6200 Oak Tree Blvd., Ste. 300
Independence, OH 44131
(866) 562-8031

How to choose a mortgage lender in Cleveland

cleveland mortgage lenders skyline

Key factors that influence the best mortgage choice include the price of the home, the size of down payment and your credit history.

Cleveland’s residential real estate market is similar to national trends of higher prices, increasing interest rates and lack of available properties. The median home sales price in Cleveland is about $123,000 compared to the national median sales price of around $265,000.

Affordability will decline with reduced inventory and increasing home prices and mortgage rates. These increases in home value provide owners with greater equity, which should lead to more refinancing activity.

Best neighborhoods to buy a home in Cleveland

Cleveland has some emerging areas that are worth a home investment. It's wise to get a mortgage loan for a home in an area where it will retain its value over time.

  • Broadway/Slavic Village: This neighborhood on the city’s southeast side offers a diverse mix of residential options from older Victorian homes to newer condos. There is significant greenspace with multi-use trails, landscaped roadway medians and a nine-hole golf course.
  • Detroit-Shoreway: This west-side neighborhood is home to the Gordon Square Arts District, which includes the Cleveland Public and Capital Theaters. There is improved access to the lakefront and emerging retail options lining Detroit Avenue. Prices of existing single family homes are in the city’s median range, with many new higher-end properties along the lake going for $300,000+.
  • Jefferson: Consists of primarily single-family homes with ample parks and retail. Has a local Rapid Transit rail station and easy access to I-71 and I-90. Homes are priced slightly below the median. Along Lorain Avenue are stretches of vacant and poorly maintained retail and light industrial properties.
  • Puritas-Longmead: A middle-class neighborhood divided into several sections by main lines and Interstate 480, each with a distinct feel. Employment has improved from the development of several light industrial parks. Home prices near Bellaire & W. 130th are below the median due to some dilapidated properties and crime.
  • Tremont: Located just south of downtown and characterized by renovated older homes, Tremont home prices are well above the median. Access to downtown and Cuyahoga Valley parks is convenient. Tremont is great for pedestrians and trendy stores and restaurants, but is known for lack of parking.
  • West Boulevard: Positioned southwest of the city center with convenient access to I-71 and I-90, this blue collar neighborhood is a mix of older single and multi-family homes with a median price of $87,000.

Common types of mortgage loans in the Cleveland housing market include:

Loan Type Volume Percentage
Conventional 27,000 73%
FHA 8,000 22%
VA / FSA / RHS 2,200 6%

Source: Federal Reserve Bank of Cleveland. Volume and percentages rounded.

Cleveland Mortgage Lenders Reviews

Accredited Partner


This well-established national lender in 49 states has financed over 200,000 homes. Online customer reviews suggest that they are a great option for those who want the most competitive rates and for those in need of flexible options to refinance an existing property.

AmeriSave (866) 815-0655


HomeDirect is well-known for offering consumers the best self-service, real-time online access to obtain a quote, make payments and manage accounts. Several customers stated that the company offered very low rates on VA loans.


First Federal Lakewood

FFL is a bank headquartered locally with branch offices throughout the greater Cleveland area. Customers report that although they are a local bank, they maintain excellent online banking capabilities to access accounts on mobile devices.

First Federal Lakewood

NLC Loans

Nations Lending Corporation is headquartered in Independence, a Cleveland suburb. Many online customer reviews complimented their staff for providing individual customer service and support. NLC offers a niche for those obtaining a mortgage or refinancing a manufactured home.

NLC Loans