The Best Mortgage Lenders in Ashville, PA
Compare verified mortgage lenders serving Ashville, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ashville
Featured Mortgage Lenders
Michael J. Foor
AmeriServ Financial
AmeriServ Financial stands out as one of the most trusted regional banking institutions serving the Ashville area with over 35 years of community banking experience. While headquartered in Johnstown (approximately 30 minutes from Ashville), they maintain a strong presence throughout Cambria and Blair counties. Their mortgage division receives exceptional ratings for personalized service, local underwriting decisions, and competitive rate offerings. Customers consistently praise their knowledgeable loan officers who provide clear communication throughout the entire mortgage process. As a community-focused institution, they offer special first-time homebuyer programs and maintain long-term relationships with clients.
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Brian K. Sprowls
First Commonwealth Bank
First Commonwealth Bank has been serving Pennsylvania communities for nearly 90 years and maintains a strong mortgage lending presence throughout central Pennsylvania, including the Ashville area. Their mortgage team receives high marks for responsiveness, competitive rates, and streamlined digital mortgage application process. As a regional bank with deep roots in Pennsylvania, they understand local market conditions and offer specialized programs for rural properties common in the Ashville region. Customers appreciate their transparent fee structure and the ability to work with local decision-makers who have authority to approve loans quickly.
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Jennifer L. Miller
Northwest Bank
Northwest Bank brings over 125 years of banking experience to the Ashville market through their regional branch network across Pennsylvania. While headquartered in Erie, they actively serve mortgage customers throughout central PA with specialized knowledge of rural and semi-rural properties. Their mortgage division is particularly noted for excellent customer service, with many reviews highlighting their patience in guiding first-time homebuyers through the process. They offer competitive construction loan programs that are well-suited for the Ashville area's growing housing market and provide personalized service through local loan officers who understand the specific needs of Cambria County residents.
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Frequently Asked Questions
Common questions about mortgage lending in Ashville, PA
What are typical down payment requirements for homes in Ashville, PA, and are there local programs to help?
In Ashville, conventional loans typically require 3-5% down, but many local homes are priced accessibly, making saving for a down payment more feasible. Pennsylvania Housing Finance Agency (PHFA) programs like Keystone Home Loan are widely available in Cambria County and offer down payment and closing cost assistance for eligible buyers, which is particularly helpful in this market.
How does Ashville's location in a rural part of Cambria County affect mortgage options?
Ashville's rural designation can be an advantage for mortgage seekers. Many homes may qualify for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. It's important to work with a lender familiar with USDA's specific property eligibility maps for the Ashville area.
Are property taxes in Ashville a significant factor in mortgage qualification?
Yes, property taxes in Cambria County and the Penn Cambria School District are a key component of your monthly payment. Lenders will calculate your debt-to-income ratio including these taxes. While generally moderate compared to urban Pennsylvania, accurately estimating these taxes is crucial for determining how much house you can afford in Ashville.
What should I know about getting a mortgage for an older, historic home in Ashville?
Ashville has many charming older homes. Financing these may require a specialized appraisal and could involve FHA 203(k) renovation loans if updates are needed. Be prepared for a thorough home inspection, as lenders may have specific requirements regarding the condition of older plumbing, electrical systems, and roofs.
Are mortgage rates in Ashville different from the national average, and which local lenders are recommended?
Mortgage rates are generally set by national markets, so Ashville rates align with national averages. However, working with a local community bank or credit union in Cambria County, such as AmeriServ Financial or a local credit union, can provide personalized service and potential portfolio loan options that national lenders may not offer for unique properties.
Why Choose a Mortgage Lender in Ashville?
Local Market Knowledge
Lenders who understand Ashville'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 Ashville and get competitive rates on your home loan.