The Best Mortgage Lenders in Alexandria, PA
Compare verified mortgage lenders serving Alexandria, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Alexandria
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender known for its competitive rates, exceptional customer service, and diverse loan options. With over two decades of experience, they have built a strong reputation in Pennsylvania for reliability and community engagement. They offer personalized service and have a local office in Harrisburg, making them accessible to Alexandria residents seeking flexible mortgage solutions.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-tier mortgage lender recognized for its innovative technology, fast loan processing, and high customer satisfaction. With nearly 25 years in business, they provide a wide range of mortgage products and have a strong regional presence in Pennsylvania. Their Philadelphia office serves the Alexandria area, offering competitive rates and expert guidance for homebuyers.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a respected lender known for its charitable initiatives and outstanding customer service. With 16 years of experience, they offer a comprehensive suite of mortgage options and have a solid regional footprint in central Pennsylvania. Their Mechanicsburg office conveniently serves Alexandria clients, providing competitive rates, personalized support, and a commitment to community involvement.
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Frequently Asked Questions
Common questions about mortgage lending in Alexandria, PA
What are the typical down payment requirements for homes in Alexandria, PA, given its rural market?
In Alexandria's more affordable market, many conventional loans require a 5% down payment, but some local lenders may offer portfolio loans with as little as 3% down for well-qualified buyers. For homes in Huntingdon County that qualify for USDA Rural Development loans, eligible buyers can purchase with 0% down, which is a significant advantage in this area. It's important to get pre-qualified with a lender familiar with the local property types.
Are there any first-time homebuyer assistance programs specific to Huntingdon County or Alexandria?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers its Keystone Home Loan programs and down payment/closing cost assistance to eligible first-time buyers in Alexandria. Additionally, the Huntingdon County Housing and Redevelopment Authority may have local grants or programs; contacting them directly is recommended as these funds can be limited and specific to the county.
How does the appraisal process work for a unique or older property in historic Alexandria?
Appraising older or unique homes in Alexandria requires an appraiser with specific experience in rural and historic Pennsylvania properties. Lenders will order an appraisal that considers the home's condition, comparable sales in Huntingdon County, and any outbuildings or land value. Be prepared for the appraisal to be conservative if recent comparable sales in the immediate area are scarce.
What should I know about property taxes and insurance when calculating my mortgage payment in Alexandria?
Huntingdon County property taxes are generally moderate compared to urban Pennsylvania. Your lender will estimate these taxes for escrow, but you can verify rates with the county assessment office. For insurance, due to the rural setting, you may need to budget for a separate flood insurance policy if the property is near the Juniata River or a creek, and consider well and septic system coverage.
Are mortgage rates different in a small town like Alexandria compared to larger cities in PA?
Mortgage rates are primarily set by national markets and your personal credit, not your zip code. However, working with a local community bank or credit union in Huntingdon County can sometimes provide more competitive rates or flexible underwriting on portfolio loans for properties they are familiar with, which can be beneficial for unique local situations.
Nearby Cities
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Why Choose a Mortgage Lender in Alexandria?
Local Market Knowledge
Lenders who understand Alexandria'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 Alexandria and get competitive rates on your home loan.