The Best Mortgage Lenders in Clearfield, PA
Compare verified mortgage lenders serving Clearfield, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clearfield
Featured Mortgage Lenders
Michael S. Bressler
The Federal Savings Bank
The Federal Savings Bank's Clearfield location, managed by Michael Bressler, stands out as one of the highest-rated mortgage lenders in the area with exceptional customer satisfaction. They offer personalized service with competitive rates across all loan types, specializing in first-time homebuyer programs and VA loans. Their local presence combined with national lending capabilities provides borrowers with both community-focused service and extensive product options. The team has deep knowledge of Clearfield County's housing market and maintains strong relationships with local real estate professionals.
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Tom Kavelak
Northwest Bank Mortgage
Northwest Bank has been serving Clearfield and surrounding communities for over a century, establishing itself as a trusted local mortgage lender with deep community roots. Their mortgage team, led by experienced professionals like Tom Kavelak, provides comprehensive lending solutions with the advantage of local decision-making. They excel in construction lending and offer competitive conventional and government-backed loans. The bank's longstanding presence in Clearfield County ensures they understand local market conditions and can provide tailored mortgage solutions for both urban and rural properties.
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Jason R. Smith
First Commonwealth Federal Credit Union
First Commonwealth Federal Credit Union provides exceptional mortgage lending services to Clearfield residents with a member-focused approach that often results in more favorable terms and lower fees than traditional banks. Their mortgage specialists offer personalized guidance through the entire home buying process, with particular strength in first-time homebuyer programs and competitive rate options. As a community-based credit union, they reinvest in the local area and maintain strong relationships with Clearfield County homebuyers. Their long history in the region demonstrates stability and commitment to serving local housing needs.
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Frequently Asked Questions
Common questions about mortgage lending in Clearfield, PA
Are there any special first-time homebuyer programs available specifically for Clearfield, PA?
Yes, Clearfield County is served by the Pennsylvania Housing Finance Agency (PHFA). PHFA offers the Keystone Home Loan program with competitive rates and down payment/closing cost assistance through the Keystone Assistance Loan. Additionally, local lenders often participate in PHFA's HOMEstead program, which provides up to $10,000 in down payment and closing cost assistance for eligible first-time buyers in Clearfield County.
How does Clearfield's more rural setting and property types affect the mortgage appraisal process?
Appraisals in Clearfield can be more complex due to fewer comparable home sales ("comps") in some areas, especially for unique or rural properties. This can sometimes lead to appraisal gaps if a home's sale price exceeds the appraised value based on limited data. Working with a local lender familiar with Clearfield County's specific market nuances is crucial to navigating this process smoothly.
What are typical mortgage rates offered by local lenders in Clearfield compared to national averages?
Mortgage rates in Clearfield are generally aligned with national averages, as they are driven by broader financial markets. However, local credit unions like Clearfield Bank & Trust or CNB Bank often offer very competitive rates and personalized service. It's highly recommended to get quotes from both local institutions and national lenders to find the best deal for your situation.
Does Clearfield, PA, have any property tax relief programs that could affect my monthly mortgage payment?
Pennsylvania offers the Property Tax/Rent Rebate Program for eligible seniors, widows/widowers, and people with disabilities, which can provide significant annual rebates. While this doesn't directly lower your monthly escrow payment, it provides a cash rebate to offset costs. Your mortgage lender can help you understand how Clearfield County's property tax millage rate will factor into your total monthly payment.
Are USDA Rural Development loans a viable option for mortgages in Clearfield, PA?
Absolutely. Much of Clearfield County is eligible for USDA Single Family Housing Guaranteed Loans, which offer 100% financing (no down payment) for moderate-income buyers purchasing in designated rural areas. This is a highly attractive program for qualifying buyers looking at homes outside the borough's immediate center, making homeownership more accessible in Clearfield's surrounding townships.
Nearby Cities
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Why Choose a Mortgage Lender in Clearfield?
Local Market Knowledge
Lenders who understand Clearfield'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 Clearfield and get competitive rates on your home loan.