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Abington, PA

The Best Mortgage Lenders in Abington, PA

Compare verified mortgage lenders serving Abington, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.5
Avg Rating
650+
Reviews
8
Loan Types

Available Loan Programs in Abington

Conventional
FHA
VA
USDA
Jumbo
Refinance
ARM
Reverse Mortgages

Featured Mortgage Lenders

1

Guaranteed Rate

Guaranteed Rate, Inc.

★★★★☆
4.7/5

Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Philadelphia area, serving Abington residents with competitive rates and exceptional customer service. Known for their digital mortgage platform and extensive loan options, they have high ratings for transparency, efficiency, and personalized support. Their experienced loan officers provide tailored solutions for first-time homebuyers, refinancing, and investment properties, making them a trusted choice in Montgomery County.

Experience:23 years
Reviews:250 customer reviews
1700 Market St, Suite 100, Philadelphia, PA 19103

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

CrossCountry Mortgage

CrossCountry Mortgage, LLC

★★★★☆
4.5/5

CrossCountry Mortgage is a highly regarded lender with a robust presence in Southeastern Pennsylvania, including Abington. They excel in offering a wide range of mortgage products with competitive rates and personalized service. Their team is praised for responsiveness, local market knowledge, and guiding clients through complex loan processes. With a focus on community engagement and customer satisfaction, they have built a strong reputation for reliability and support in home financing.

Experience:20 years
Reviews:180 customer reviews
601 West Germantown Pike, Suite 100, Plymouth Meeting, PA 19462

Loan Types:

ConventionalFHAVAUSDAJumboARMRefinance
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3

New American Funding

New American Funding, LLC

★★★★☆
4.4/5

New American Funding is a respected mortgage lender known for its commitment to diversity and customer-centric approach, serving the Abington area with a variety of loan options and competitive rates. They are highly rated for their efficient processing, educational resources, and dedication to helping underserved communities. Their local experts provide personalized advice and support, making them a reliable choice for home purchases and refinancing in the region.

Experience:20 years
Reviews:220 customer reviews
1700 Ben Franklin Parkway, Suite 200, Philadelphia, PA 19103

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceReverse Mortgages
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Frequently Asked Questions

Common questions about mortgage lending in Abington, PA

Are there any first-time homebuyer assistance programs specific to Abington, PA?

Yes, Montgomery County, where Abington is located, offers the HOMEstead Downpayment and Closing Cost Assistance Program. This program provides up to $10,000 in a five-year forgivable loan for eligible first-time homebuyers purchasing in the county. Additionally, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like the Keystone Home Loan and down payment assistance that are widely used by Abington buyers.

How do Abington's property taxes impact my mortgage qualification and monthly payment?

Abington Township has its own property tax rate, which is a significant component of your monthly escrow payment. For 2024, the total millage rate is approximately 27.75 mills, which includes township, county, and school district taxes. Lenders will factor this into your debt-to-income ratio, and you should budget for an annual tax bill that is typically between 1.5% to 2% of the home's assessed value, which can be substantial given the area's higher home prices.

What is the typical down payment needed for a home in Abington's competitive market?

While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Abington's competitive market secure conventional loans with 10%, 5%, or even 3% down. Given the median home price, a 20% down payment can be a large sum, so lenders here are accustomed to working with various down payment levels. Strong offers often require proof of funds or pre-approval showing you can cover a down payment and the potential for appraisal gaps.

Are there specific mortgage considerations for buying one of Abington's older, historic homes?

Absolutely. Many homes in Abington's established neighborhoods are older and may require specialized financing. A standard appraisal might flag issues with outdated electrical, plumbing, or roofs. You may need to consider an FHA 203(k) renovation loan or a conventional HomeStyle loan to finance both the purchase and necessary updates. It's crucial to get a thorough, local home inspection and ensure the property meets modern lending standards.

How do local jumbo loan limits affect mortgage options in Abington, PA?

For 2024, the conforming loan limit for Montgomery County is $766,550. Given that many single-family homes in desirable Abington neighborhoods exceed this price, jumbo loans are common. Jumbo loans in this area often require excellent credit (typically 700+), a lower debt-to-income ratio, and larger down payments (usually 20% or more). It's important to work with a lender experienced in the local jumbo market, as terms and rates can differ from conforming loans.

Mortgage Insights

Finding Your Perfect Home Loan Match in Abington, PA

Searching for a "home loan broker near me" in Abington is more than just finding a local office; it's about partnering with a professional who understands the unique dynamics of our township. Abington's real estate market is diverse, featuring everything from historic stone colonials in Roslyn to modern townhomes near the train stations. This variety means loan options and lender appetites can vary significantly from one neighborhood to the next. A local broker doesn't just compare rates; they navigate this nuanced landscape with you.

A broker based in Montgomery County brings indispensable local knowledge to the table. They understand the valuation trends in Abington's sought-after school districts and can anticipate how certain property types might be viewed by different lenders. They're also your ally in a competitive market. When you find that perfect home in McKinley or Ardsley, a broker with strong local lender relationships can often secure faster pre-approvals and smoother underwriting, giving you a critical edge in a multiple-offer situation.

For Pennsylvania homebuyers, there are valuable state-specific programs that a knowledgeable broker will help you explore. The Pennsylvania Housing Finance Agency (PHFA) offers first-time homebuyer programs with competitive interest rates and down payment assistance. A local broker can clarify if you qualify and how to layer these with conventional loans. They’ll also be well-versed in the nuances of Pennsylvania’s property tax structure and how it impacts your overall monthly payment.

Your actionable first step is to shift your search from a generic "broker near me" to seeking out professionals with proven Abington and Montgomery County experience. Look for brokers who actively work with the local real estate community. Ask specific questions during your consultations: "Can you share examples of recent loans you've closed in Abington?" or "How do you advise clients competing in our current market?" Their answers will reveal their local expertise.

Finally, choose a broker who feels like a true consultant, not just a processor. They should take time to understand your long-term financial picture, whether you're a first-time buyer looking at condos or a growing family targeting the Abington School District. The right broker will demystify the process, advocate for you with lenders, and use their local insight to unlock the best possible financing for your new Abington home. Start with local referrals and focused research to find a partner who knows the zip codes as well as the loan products.

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Why Choose a Mortgage Lender in Abington?

Local Market Knowledge

Lenders who understand Abington's housing market can offer better guidance and competitive rates.

Multiple Loan Options

Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.

Proven Track Record

Work with lenders who have years of experience and hundreds of satisfied customers in Pennsylvania.

Ready to Find Your Perfect Mortgage Lender?

Connect with top-rated mortgage professionals in Abington and get competitive rates on your home loan.