The Best Mortgage Lenders in Dalton, PA
Compare verified mortgage lenders serving Dalton, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dalton
Featured Mortgage Lenders
Peoples Security Bank Mortgage Department
Peoples Security Bank & Trust Company
Peoples Security Bank has been serving Northeastern Pennsylvania communities for over a century with deep roots in the region. Their mortgage team receives exceptional ratings for personalized service and local decision-making. As a community bank with multiple branches throughout Lackawanna County and surrounding areas, they understand the Dalton housing market intimately. Customers consistently praise their competitive rates, transparent process, and the ability to work directly with local loan officers who have extensive knowledge of the area's real estate landscape.
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FNCB Bank Mortgage Center
FNCB Bank
FNCB Bank is a well-established regional financial institution with strong presence throughout Lackawanna County, including service to Dalton residents. Their mortgage department is highly regarded for competitive rates and exceptional customer service. The bank specializes in first-time homebuyer programs and offers various loan products tailored to Northeastern Pennsylvania's housing market. Reviewers frequently mention the knowledgeable staff, streamlined application process, and the advantage of working with a local institution that understands the community's unique needs.
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Fidelity Bank Mortgage Services
Fidelity Deposit and Discount Bank
Fidelity Bank has been serving Northeastern Pennsylvania for over 120 years with multiple branches throughout the region. Their mortgage division receives excellent reviews for competitive rates and personalized service. The bank offers a comprehensive range of mortgage products and is particularly noted for their construction-to-permanent loans, which are valuable in areas like Dalton where new construction and rural properties are common. Customers appreciate the local underwriting and decision-making capabilities, along with the bank's strong commitment to the communities they serve.
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Frequently Asked Questions
Common questions about mortgage lending in Dalton, PA
What are the typical down payment requirements for homes in Dalton, PA, given its market?
In Dalton's competitive but moderately priced market, many conventional loans require a 5-10% down payment. However, due to the area's rural designation, many buyers in Lackawanna County, including Dalton, can qualify for USDA loans that offer 0% down payment options, which is a significant advantage for eligible borrowers looking in this specific community.
Are there any local or county-specific first-time homebuyer assistance programs available in Dalton?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like Keystone Home Loan and HFA Preferred loans, which are accessible to Dalton buyers. Additionally, the Lackawanna County Office of Housing and Community Development occasionally administers down payment and closing cost assistance grants for income-eligible first-time buyers purchasing within the county, including Dalton.
How do property taxes in Lackawanna County impact my mortgage payment and affordability in Dalton?
Lackawanna County has property tax rates that are above the national average, which significantly affects your total monthly mortgage payment (PITI). When calculating affordability for a home in Dalton, it's crucial to factor in these taxes, as they can add several hundred dollars to your monthly escrow payment compared to locations with lower millage rates.
What should I know about getting a mortgage for a home with well and septic in Dalton's more rural areas?
Purchasing a property with a private well and septic system is common in Dalton. Lenders will require water quality and septic inspection tests as a condition of the loan. It's important to budget for these specialized inspections and be prepared for potential repairs, as the loan approval can be contingent on the systems meeting specific health and safety standards.
How does Dalton's location within the Scranton–Wilkes-Barre–Hazleton Metro Area influence mortgage rates and lender options?
Being part of this metropolitan statistical area means Dalton buyers have access to a wide range of local, regional, and national lenders who are familiar with the market. While national economic trends set base rates, competition among local lenders can lead to competitive rate offerings. It's advisable to shop around with lenders who have specific experience with properties in Northeastern Pennsylvania.
Why Choose a Mortgage Lender in Dalton?
Local Market Knowledge
Lenders who understand Dalton'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 Dalton and get competitive rates on your home loan.