The Best Mortgage Lenders in Bangor, PA
Compare verified mortgage lenders serving Bangor, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bangor
Featured Mortgage Lenders
Mortgage Department
First Commonwealth Federal Credit Union
First Commonwealth Federal Credit Union stands out as Bangor's premier local mortgage lender with deep community roots and exceptional customer satisfaction. As a member-owned financial institution with a physical branch right in downtown Bangor, they offer personalized service and competitive rates that larger national lenders often can't match. Their mortgage team has extensive experience with the local Bangor and Slate Belt area real estate market, providing customized solutions for first-time homebuyers, refinancing, and various loan programs. The credit union consistently receives high marks for their responsive communication, streamlined application process, and commitment to helping members achieve homeownership with favorable terms.
Loan Types:
Mortgage Loan Officers
Newrez LLC
Newrez (formerly New Rez) is a highly-rated national mortgage lender with strong Pennsylvania presence and extensive experience serving the Bangor area. With over a decade of operation and thousands of positive reviews, they've established themselves as a reliable choice for competitive rates and efficient loan processing. Their digital mortgage platform streamlines the application process while maintaining personal support from dedicated loan officers. Newrez offers a comprehensive range of loan products and has particular expertise in refinancing, making them an excellent option for Bangor homeowners looking to lower payments or tap into equity. Their strong financial backing ensures loan stability and reliable service throughout the mortgage process.
Loan Types:
Mortgage Advisors
Trident Mortgage Company
Trident Mortgage Company brings two decades of mortgage expertise to the Bangor area from their Lehigh Valley headquarters in nearby Allentown. As a regional mortgage lender with deep Pennsylvania roots, they understand the local market dynamics and provide personalized service that larger national chains often lack. Their team of experienced mortgage advisors excels at guiding borrowers through the entire home financing process with transparency and expertise. Trident receives consistent praise for their competitive rates, knowledgeable staff, and ability to handle complex loan scenarios. They offer specialized programs for first-time homebuyers and have strong relationships with local real estate professionals throughout the Bangor and Slate Belt region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Bangor, PA
Are there any special first-time homebuyer programs or grants available specifically for Bangor, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan Program and the Keystone Government Loan, which are available statewide, including in Bangor. Additionally, Northampton County may have local down payment and closing cost assistance programs. It's highly recommended to consult with a local mortgage lender familiar with Bangor to explore all PHFA and potential county-level options.
How do property taxes in Bangor and Northampton County impact my mortgage affordability?
Northampton County property taxes are a significant factor in your total monthly payment. Bangor's millage rate, combined with county and school district taxes, means your escrow payment can be substantial. When getting pre-approved, lenders will use the specific tax rate for the property you're considering, so it's crucial to factor this into your budget beyond just the loan principal and interest.
What is the typical down payment needed for a mortgage on a home in Bangor's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Bangor utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's relatively moderate home prices compared to larger metro areas. The specific amount will depend on the purchase price, your credit, and the loan program you qualify for.
Does Bangor's location in a flood zone affect the mortgage process?
Parts of Bangor, especially areas near the Bushkill Creek or other waterways, may be in designated flood zones. If the home you're purchasing is in a Special Flood Hazard Area, your lender will require you to purchase flood insurance as a condition of the mortgage. This is a separate, mandatory policy that will be included in your monthly escrow payment.
Are USDA rural development loans an option for homes in Bangor, PA?
Yes, Bangor and much of the surrounding area in Northampton County are eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This can be an excellent option for eligible borrowers looking at single-family homes in the area, making homeownership more accessible. A lender can confirm the specific property's eligibility using the USDA website.
Nearby Cities
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Why Choose a Mortgage Lender in Bangor?
Local Market Knowledge
Lenders who understand Bangor'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 Bangor and get competitive rates on your home loan.