The Best Mortgage Lenders in Artemas, PA
Compare verified mortgage lenders serving Artemas, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Artemas
Featured Mortgage Lenders
First Commonwealth Bank
First Commonwealth Bank
First Commonwealth Bank is a highly respected regional bank with a strong local presence in Bedford County and surrounding areas, including Artemas. With over 90 years of experience, they are known for personalized service, competitive mortgage rates, and deep community involvement. Their mortgage advisors provide tailored solutions for homebuyers, backed by excellent customer reviews and a commitment to rural Pennsylvania communities.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a strong reputation for customer satisfaction and competitive rates. Serving all of Pennsylvania, including Artemas, they offer a wide range of loan products and are praised for their efficient online processes and dedicated support. Founded in 2003, they have built a track record of helping borrowers in rural areas with flexible solutions and high-quality service.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender known for its exceptional customer service, fast loan processing, and community-focused approach. With services extending to Artemas and throughout Pennsylvania, they provide competitive mortgage options and have a strong online presence for convenience. Founded in 2008, they consistently receive high marks for reliability and borrower satisfaction, making them a trusted choice for home loans in the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Artemas, PA
What are typical down payment requirements for homes in Artemas, PA, given the rural market?
In Artemas's more affordable rural market, many conventional loans can be secured with a 5% down payment, and some local lenders may offer portfolio loans with flexible terms. For eligible buyers, USDA Rural Development loans offer a significant advantage with 0% down payment required, as most of Bedford County qualifies for this program. It's important to consult with a lender familiar with the area to explore all options.
Are there any local or county-specific first-time homebuyer assistance programs available in Artemas?
While Artemas itself does not have a municipal program, Bedford County is served by the Pennsylvania Housing Finance Agency (PHFA). First-time buyers can access PHFA's Keystone Home Loan programs, which may offer below-market interest rates and down payment/closing cost assistance grants. Working with a PHFA-approved lender is the first step to accessing these valuable resources.
How does the appraisal process work for a unique or remote property in Artemas?
Appraising rural properties in Artemas can be complex due to fewer comparable sales ("comps"). Lenders will require an appraiser familiar with the area who can properly value land, wells, septic systems, and outbuildings. This process may take longer than in a suburban subdivision, so buyers should build extra time into their contract contingency period.
What should I know about getting a mortgage for a home with well and septic in Artemas?
Lenders will require water quality and flow tests for wells and a satisfactory inspection of the septic system as a condition of the loan. These tests are typically the buyer's responsibility and cost. Ensuring these systems are in good working order is critical, as financing can be denied if they fail to meet standards, which is a common consideration in non-municipal water/sewer areas like Artemas.
Do local banks or credit unions in the Artemas area offer any special mortgage products for rural properties?
Yes, local financial institutions like Bedford County's community banks and credit unions often offer portfolio loans or specialized agricultural/rural property loans that can be more flexible than national guidelines. These lenders may be more willing to finance properties with acreage, barns, or other unique features that large national banks might view as non-conforming, making them a valuable resource for local buyers.
Nearby Cities
Explore mortgage lenders in cities near Artemas, PA
Why Choose a Mortgage Lender in Artemas?
Local Market Knowledge
Lenders who understand Artemas'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 Artemas and get competitive rates on your home loan.