The Best Mortgage Lenders in Bartonsville, PA
Compare verified mortgage lenders serving Bartonsville, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bartonsville
Featured Mortgage Lenders
Mike Rush
Rush Home Lending
Rush Home Lending is a highly-rated local mortgage broker serving the Pocono Mountains region including Bartonsville. With over 15 years of experience, Mike Rush and his team have built an exceptional reputation for personalized service and competitive rates. They specialize in all major loan types and are particularly known for their expertise with first-time homebuyer programs and government-backed loans. Their local knowledge of the Monroe County real estate market and strong relationships with area realtors make them a top choice for Bartonsville residents seeking mortgage financing.
Loan Types:
Mortgage Department
ESSA Bank & Trust
ESSA Bank & Trust has been serving the Pocono region for over a century and maintains a strong physical presence in East Stroudsburg, just minutes from Bartonsville. As a community-focused financial institution, they offer competitive mortgage rates and personalized service through local loan officers who understand the specific needs of Monroe County homebuyers. Their extensive experience with construction loans and renovation financing makes them particularly valuable for buyers considering property improvements in the Bartonsville area.
Loan Types:
Local Loan Officers
Newrez LLC
Newrez is a national mortgage lender with strong local presence and dedicated loan officers serving the Bartonsville area. With decades of collective experience, they offer a wide range of loan products and competitive rates backed by efficient digital processing. Their extensive experience with jumbo loans and investment properties makes them particularly attractive for buyers in the growing Bartonsville market. While operating nationally, they maintain local expertise through dedicated regional teams that understand Pennsylvania's specific mortgage requirements and market conditions.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Bartonsville, PA
Are there any special first-time homebuyer programs available specifically for Bartonsville, PA?
While Bartonsville itself does not have a municipal program, Pennsylvania offers the Keystone Home Loan Program through the Pennsylvania Housing Finance Agency (PHFA), which is widely accessible in Monroe County. This program provides competitive fixed-rate mortgages, down payment and closing cost assistance, and is particularly beneficial for buyers in areas like Bartonsville where median incomes may align with the program's limits. It's advisable to work with a PHFA-approved lender in the Poconos region to access these benefits.
How do property taxes in Monroe County impact my mortgage payments in Bartonsville?
Monroe County has property tax rates that vary by school district, with the Stroudsburg Area School District covering Bartonsville. The total millage rate is a significant component of your monthly escrow payment. When calculating your debt-to-income ratio for mortgage approval, lenders will factor in these estimated taxes, which are generally higher than the national average but typical for the Poconos region, so budgeting for this is crucial.
What is the typical down payment needed for a home in Bartonsville's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Bartonsville utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's appeal to first-time buyers and commuters. The competitive market, influenced by proximity to NYC and the Lehigh Valley, means a strong offer often includes a solid down payment, but various low-down-payment programs are actively used here.
Does Bartonsville's location in a flood zone affect my mortgage requirements?
Parts of Bartonsville are near Brodhead Creek and may be in designated flood zones. If your prospective home is in a Special Flood Hazard Area, your mortgage lender will require you to purchase flood insurance as a condition of the loan, which will be included in your monthly escrow payment. It's essential to review the FEMA flood map for the specific property early in the process to account for this potential mandatory cost.
Are USDA loans a viable option for homes in Bartonsville, PA?
Yes, Bartonsville is located in an area where many properties are eligible for USDA Rural Development loans, which offer 100% financing (no down payment). While Bartonsville is suburban, the USDA defines eligible areas by population density, and much of Monroe County outside core urban centers qualifies. This can be an excellent option for eligible buyers seeking to purchase a home with no down payment in this market.
Nearby Cities
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Why Choose a Mortgage Lender in Bartonsville?
Local Market Knowledge
Lenders who understand Bartonsville'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 Bartonsville and get competitive rates on your home loan.