The Best Mortgage Lenders in Cheltenham, PA
Compare verified mortgage lenders serving Cheltenham, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cheltenham
Featured Mortgage Lenders
Michael D'Agostino
Guaranteed Rate
Guaranteed Rate is a top-rated national mortgage lender with a strong Philadelphia presence that serves Cheltenham homebuyers. With over 20 years in business and an exceptional 4.9 rating, they offer a fully digital mortgage experience with competitive rates and fast closings. Michael D'Agostino and his team specialize in serving Montgomery County buyers with personalized service and a wide range of loan products. Their innovative online platform allows for easy document upload and real-time application tracking, making them a preferred choice for tech-savvy homebuyers in the Cheltenham area.
Loan Types:
John Kennedy
Newrez LLC
Newrez (formerly New Penn Financial) has established itself as a premier mortgage lender in the Philadelphia metropolitan area with a 4.8 customer rating. With over a decade of experience serving Montgomery County, they offer competitive rates and exceptional customer service for Cheltenham homebuyers. John Kennedy and his team provide personalized guidance through the entire mortgage process, from pre-approval to closing. Their extensive loan product portfolio and efficient processing make them a top choice for both purchase and refinance transactions in the region.
Loan Types:
David Williams
Trident Mortgage Company
Trident Mortgage Company has been serving the Greater Philadelphia area for over 20 years with a strong 4.7 customer rating. As a regional mortgage specialist with deep roots in Montgomery County, they have extensive experience with Cheltenham's diverse housing market. David Williams and his team offer personalized service and local market expertise that national lenders can't match. Their commitment to community involvement and long-standing relationships with local real estate professionals make them a trusted choice for Cheltenham homebuyers seeking competitive rates and exceptional guidance throughout the home financing process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Cheltenham, PA
What are the current mortgage rates like in Cheltenham, PA, and how do they compare to the national average?
Mortgage rates in Cheltenham are typically very close to national averages, as it's part of the competitive Philadelphia metropolitan market. However, local lenders may offer special promotions or relationship discounts. It's wise to compare rates from both large national banks and strong regional lenders like TD Bank or Univest, which have a significant local presence.
Are there any special first-time homebuyer programs available specifically for Cheltenham residents?
Yes, Cheltenham homebuyers can access Pennsylvania's statewide PHFA (Pennsylvania Housing Finance Agency) programs, which offer competitive rates, down payment and closing cost assistance, and special loans like the Keystone Government Loan. Additionally, Montgomery County may have its own assistance programs, so checking with the Cheltenham Township administration or a local HUD-approved housing counselor is recommended.
How does Cheltenham Township's property tax rate impact my mortgage affordability?
Cheltenham has a relatively high property tax rate, which is a significant factor in your overall monthly payment. Lenders will include this estimated tax escrow in your debt-to-income ratio calculation. When getting pre-approved, ensure your budget accounts for this, as Cheltenham's combined township, county, and school district taxes can add several hundred dollars to your monthly mortgage payment compared to areas with lower millage rates.
What should I know about getting a mortgage for one of Cheltenham's older, historic homes?
Financing older homes in Cheltenham's established neighborhoods may require special attention. Lenders will often require a more thorough home inspection, and you might encounter issues with outdated electrical, plumbing, or roofs that could affect loan approval. An FHA 203(k) renovation loan or a conventional loan with an escrow holdback for repairs can be excellent tools to finance both the purchase and necessary updates for these classic properties.
Are there local credit unions or banks in Cheltenham that offer unique mortgage advantages?
Absolutely. Local institutions like the Cheltenham-based TruMark Financial Credit Union or other Montgomery County credit unions often provide personalized service and may have more flexible underwriting for members. They sometimes offer special "relationship" mortgage rates if you also have checking/savings accounts with them, which can be a valuable advantage in a competitive housing market.
Nearby Cities
Explore mortgage lenders in cities near Cheltenham, PA
Why Choose a Mortgage Lender in Cheltenham?
Local Market Knowledge
Lenders who understand Cheltenham'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 Cheltenham and get competitive rates on your home loan.