The Best Mortgage Lenders in Dallas, PA
Compare verified mortgage lenders serving Dallas, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dallas
Featured Mortgage Lenders
Pennstar Mortgage
Pennstar Mortgage
Pennstar Mortgage is a highly-rated local mortgage lender with deep roots in Northeastern Pennsylvania. As a division of Pennstar Bank, they have been serving the Dallas area and surrounding communities for over two decades with personalized mortgage solutions. Their local underwriting team allows for quick decision-making and customized service. They consistently receive excellent reviews for their competitive rates, transparent process, and exceptional customer service from application through closing. Their strong community presence and understanding of the local real estate market make them a top choice for Dallas area homebuyers.
Loan Types:
FNCB Bank Mortgage Department
FNCB Bank
FNCB Bank has been a trusted financial institution in Northeastern Pennsylvania for over a century, with their mortgage division serving the Dallas area with exceptional expertise. They offer a comprehensive range of mortgage products with competitive local rates and personalized service. Customers consistently praise their knowledgeable loan officers, streamlined application process, and commitment to finding the right mortgage solution for each borrower's unique situation. Their deep community involvement and understanding of the local market dynamics in Luzerne County make them a preferred lender for Dallas residents.
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Newrez Mortgage
Newrez LLC
Newrez is a nationally recognized mortgage lender with strong presence throughout Pennsylvania, including excellent service to the Dallas area. While headquartered in Philadelphia, they have dedicated loan officers familiar with the Northeastern PA market. They offer competitive rates across a wide variety of loan programs and are particularly noted for their efficient digital mortgage process combined with personalized service. With thousands of positive reviews nationwide, they're praised for their responsive communication, smooth closing processes, and ability to handle complex mortgage scenarios. Their extensive experience and robust lending capabilities make them a reliable choice for Dallas homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Dallas, PA
What are the current mortgage rates like for homebuyers in Dallas, PA?
Mortgage rates in Dallas, PA, are generally aligned with national averages but can be influenced by local lender competition and property types common to the area, such as single-family homes in established neighborhoods. It's advisable to compare rates from both local community banks, like FNCB Bank, and larger regional lenders, as they may offer different terms for this specific market. Rates for a 30-year fixed mortgage typically range within a quarter-point of the national average.
Are there any down payment assistance programs specifically for buyers in the Dallas, PA area?
Yes, first-time homebuyers in Dallas, PA, can access Pennsylvania's statewide PHFA (Pennsylvania Housing Finance Agency) programs, which offer down payment and closing cost assistance. Additionally, Luzerne County may have its own local initiatives or grants. Working with a mortgage lender familiar with PHFA's Keystone Government Loan, Keystone Home Loan, or HFA Preferred Loan programs is crucial to navigate the eligibility and application process for these valuable resources.
How does the property tax structure in Dallas Borough affect my mortgage payments?
Property taxes in Dallas Borough are a significant component of your monthly escrow payment. Luzerne County's assessment rates and the borough's millage rate determine your annual tax bill. When getting pre-approved, lenders will estimate these taxes based on the home's assessed value, so it's important to factor this into your overall budget, as it can add several hundred dollars to your monthly mortgage payment.
What type of home appraisals are common for the older housing stock in Dallas, PA, and how might that impact my loan?
Many homes in Dallas, PA, are older, well-built properties, so appraisals often require a closer look at structural integrity, major systems (like heating and electrical), and any needed repairs. An FHA or VA loan appraisal might flag issues like peeling paint or a worn roof, which could require repair escrows before closing. Using a local appraiser familiar with the construction styles and market values in the Back Mountain area is highly beneficial.
Are jumbo loans common in the Dallas, PA, real estate market, and what are the requirements?
Jumbo loans (for loan amounts above the conforming limit, which is $766,550 for 2024 in Luzerne County) are not extremely common but are used for higher-end properties in certain Dallas neighborhoods or on larger lots. Local lenders and credit unions may have specific jumbo products, but they often require excellent credit (typically 700+), larger down payments (often 20% or more), and more extensive reserve requirements compared to conventional conforming loans.
Why Choose a Mortgage Lender in Dallas?
Local Market Knowledge
Lenders who understand Dallas'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 Dallas and get competitive rates on your home loan.