The Best Mortgage Lenders in Danville, PA
Compare verified mortgage lenders serving Danville, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Danville
Featured Mortgage Lenders
First Citizens Community Bank Mortgage Team
First Citizens Community Bank
First Citizens Community Bank stands as Danville's premier local mortgage lender with deep community roots spanning over a century. As a community-focused institution with a physical branch in downtown Danville, they offer personalized service and local underwriting decisions. Their mortgage team receives exceptional ratings for responsiveness, competitive rates, and guiding borrowers through the entire process. They specialize in first-time homebuyer programs and offer a comprehensive range of loan products with the advantage of local decision-making and longstanding relationships throughout Montour County.
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PS Bank Mortgage Department
PS Bank
PS Bank has been serving the Danville community for over a century with a strong reputation for mortgage lending excellence. Their local mortgage specialists provide personalized attention and competitive rates, with particular expertise in construction loans and rural development financing. The bank maintains high customer satisfaction ratings due to their transparent process, local loan servicing, and commitment to the Central Pennsylvania community. They're known for their expertise in agricultural and rural properties while offering all standard mortgage products with the convenience of local decision-makers.
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AmeriServ Financial Mortgage Center
AmeriServ Financial Bank
While headquartered in Johnstown, AmeriServ Financial has established a strong presence throughout Central Pennsylvania, including dedicated service to Danville residents. With nearly 50 years of banking experience, their mortgage team receives excellent ratings for competitive pricing and professional service. They offer a wide array of loan programs with particular strength in first-time homebuyer assistance and jumbo loans. Customers consistently praise their efficient processing, knowledgeable loan officers, and commitment to finding the right mortgage solution for each borrower's unique situation in the Danville area.
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Frequently Asked Questions
Common questions about mortgage lending in Danville, PA
Are there any special first-time homebuyer programs available specifically for Danville, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers its Keystone Home Loan program and down payment/closing cost assistance to eligible buyers in Danville. Additionally, local lenders often have knowledge of community-specific grants or programs aimed at revitalizing certain neighborhoods, so it's beneficial to consult with a mortgage professional familiar with Montour County.
How do property taxes in Montour County and the Danville Area School District impact my mortgage affordability?
Montour County has relatively moderate property tax rates compared to other parts of Pennsylvania. When calculating your monthly mortgage payment (PITI), lenders will include these taxes, which are a significant factor in overall affordability. It's wise to get a precise tax estimate for any property you're considering, as rates can vary.
What is the typical down payment needed for a home in Danville's current market?
While 20% down avoids private mortgage insurance (PMI), many buyers in Danville utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's affordable home prices. Local credit unions and banks may also offer competitive low-down-payment options to serve the community.
Does Danville's location in a river valley affect the mortgage process, like requiring flood insurance?
Yes, properties located in or near the floodplain of the Susquehanna River or other creeks may require a separate flood insurance policy as a condition of the mortgage. Your lender will order a flood zone determination, and if required, this must be in place before closing, adding to your monthly housing cost.
Are USDA Rural Development loans available for homes in or around Danville, PA?
Yes, Danville and much of Montour County are eligible for USDA loans, which offer 100% financing (no down payment). This can be an excellent option for eligible buyers looking at properties just outside the borough limits, making homeownership more accessible in the surrounding rural areas.
Nearby Cities
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Why Choose a Mortgage Lender in Danville?
Local Market Knowledge
Lenders who understand Danville'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 Danville and get competitive rates on your home loan.