Aaron Arms Mortgage Loan Officer

02/13/2026

As tax season approaches, for those looking to buy a home. Most lenders want to see two months worth of bank statements to ensure you have the funds for a down payment and/or closing costs. Any statement with large CASH deposits will be questioned, even if it’s cumulative. Cash is NOT King in the mortgage world. In other words when your tax return hits, leave it in the bank, DO NOT take it out in cash until you are ready to buy. Your lender will likely not be able to use those funds if you do. If you have money in the safe at home and plan to buy in the spring, get it in the bank NOW, or let your accounts build up through payroll and live off of your cash. When an underwriter sees a large cash deposit it often times is unusable if it shows up on the 2 most recent bank statements.

06/18/2024

We have added a $100 Gift Certificate for Charm Boutique, to our Summer Fun Basket‼️
Make sure you stop by our office this Thursday for your chance to win.

02/23/2024

Great progrm for first time home buyers!! Aaron Arms Mortgage Loan Officer My contact info is on the top right of the image, give me a call to discuss!

12/20/2023

Rates have continued to drop. If you got caught up in a bad HELOC rate and don’t want to see that happen again it might be a good time to call me for a refinance. A good general rule of thumb is every 1% difference in rate will save you $60-$65 a month for every 100k financed….that’s over 20k in savings over 30 years.

12/20/2023

OMG I just saw a mortgage rate that started with a 5….

11/15/2023

Today is a great day to call your Mortgage Loan Officer (or Aaron Arms Mortgage Loan Officer 740-422-7451) to check on rates…..you might just be pleasantly surprised.

10/16/2023

Great news, Portsmouth, Ohio has recently became an eligible area for the USDA single family housing loan. For those of you unfamiliar, this product typically requires 0% down and allows up to 6% in seller paid closing. This means some folks may be able to buy a home with nothing paid out of pocket at closing. (All loans subject to underwriting guidelines and not all homes with qualify for a USDA loan) Aaron Arms

08/03/2023

What a difference 4-5 months makes when you follow my credit advice.

02/16/2023

4 loans in the past month all were cleared to close right around 14 days each.....working with local realtors and local title agencies helped make the loan process as smooth as possible. This is what it's all about.

10/12/2022

10/11/2022

Buying local is important. Far more often than not, I'll eat at the local pizza shop over the big chain. I'll buy my tomatoes and beef from a local farmer over a big chain grocery store. I'd rather have my car worked on by a local mechanic than the dealership out of town. This shouldn't end with your money. My financial advisor is local, my banker is local, the title companies I use are local. I try to shop local when I can. Now I admit it's not always possible. But, if it is, that'll be the way I go.

When buying a home or refinancing, you should want a lender you can conveniently meet face to face (with electronic and telephone options available).
An online/out of town lender isn't coaching your child in sports and unlikely to donate to the local community causes. Local lenders and local real estate agents are people you have known for years. People you can trust. People who will shoot straight with you all the way through. You may have went to school with them, or your kids may go to school together now. You see them on Friday nights at the ball game.

I love it when small town folks succeed. I have often referred loans I can't do for one reason or another to another local lender. I don't know about you. But I like to keep my dollars in the community as often as I can. Maybe it's just me, but I hate seeing jobs go out of town and if we don't support what have locally someday, it might not be there.