The Best Mortgage Lenders in Braddock, PA
Compare verified mortgage lenders serving Braddock, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Braddock
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Pittsburgh area, including Braddock. Known for its competitive rates and digital mortgage process, the company has earned high customer satisfaction for its efficiency and transparency. With over two decades of experience, it offers a wide range of loan products and personalized service, backed by numerous industry awards and a reputation for closing loans quickly. Its Pittsburgh office provides dedicated support for homebuyers in Allegheny County.
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New American Funding
New American Funding, LLC
New American Funding is a highly regarded mortgage lender serving Braddock and the greater Pittsburgh region, praised for its commitment to diversity and community outreach. With two decades in business, it excels in providing flexible loan options, including programs for first-time homebuyers and low-down-payment alternatives. Customers highlight its responsive customer service and educational resources, contributing to its strong ratings and loyalty among local residents. The company is known for its competitive rates and efforts to simplify the mortgage process.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender with a significant presence in the Pittsburgh area, including Braddock, recognized for its fast closings and community-focused approach. Founded in 2008, it combines technology with personal service to offer a streamlined mortgage experience, earning high marks for customer satisfaction and reliability. The company supports various loan types and prioritizes local engagement, making it a trusted choice for homebuyers seeking competitive rates and dedicated support throughout the loan process.
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Frequently Asked Questions
Common questions about mortgage lending in Braddock, PA
Are there special mortgage or down payment assistance programs for buying a home in Braddock, PA?
Yes, Braddock homebuyers have access to several key programs. The Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan program with competitive rates and down payment/closing cost assistance grants like the Keystone Advantage Assistance Loan. Additionally, Allegheny County's "Action Housing" provides specific programs and counseling for buyers in the county, which can be particularly valuable for revitalizing areas like Braddock.
How does Braddock's location in Allegheny County and its status as a "Distressed Municipality" affect the mortgage process?
Braddock's designation under Pennsylvania's Act 47 for financially distressed municipalities can influence property taxes and future reassessments, which lenders will carefully evaluate for your debt-to-income ratio. Furthermore, being in Allegheny County means your appraisal will heavily rely on comparable sales ("comps") from within Braddock and similar nearby boroughs, which can sometimes be a challenge in a smaller, revitalizing market.
What are typical closing costs for a mortgage in Braddock, and are there local grants to help cover them?
Typical closing costs in Pennsylvania range from 2% to 5% of the home's purchase price. For Braddock buyers, the PHFA's HOMEstead program offers up to $10,000 in down payment and closing cost assistance as a grant (forgivable loan) for eligible buyers in targeted areas, which includes Braddock. This can significantly reduce the upfront cash needed to close.
As a first-time homebuyer in Braddock, am I eligible for any property tax reduction programs?
Yes, a major benefit for first-time buyers in Braddock is the "First-Time Homebuyer Property Tax Reduction" offered by the Borough. This program can reduce your municipal property tax bill by 50% for the first five years of ownership, providing substantial ongoing savings and making homeownership more affordable in the long term.
Are there specific renovation loan programs recommended for Braddock's older housing stock?
Absolutely. Given the age of many homes in Braddock, an FHA 203(k) Rehabilitation Loan or a conventional HomeStyle Renovation loan is highly recommended. These mortgages allow you to finance both the purchase price and the cost of repairs/updates into one loan, which is crucial for making older properties safe and modern. Local lenders familiar with Braddock can best guide you through this process.
Nearby Cities
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Why Choose a Mortgage Lender in Braddock?
Local Market Knowledge
Lenders who understand Braddock'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 Braddock and get competitive rates on your home loan.