The Best Mortgage Lenders in Dewart, PA
Compare verified mortgage lenders serving Dewart, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dewart
Featured Mortgage Lenders
Jersey Shore State Bank Mortgage Team
Jersey Shore State Bank
Jersey Shore State Bank has been serving Central Pennsylvania communities for over 120 years and maintains a strong presence throughout Lycoming County, including the Dewart area. As a community-focused institution, they offer personalized mortgage services with local decision-making. Their mortgage team receives exceptional ratings for their responsive service, competitive rates, and deep understanding of rural Pennsylvania property financing. Customers consistently praise their straightforward application process and the bank's commitment to finding the right mortgage solution for each borrower's unique situation.
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Fulton Mortgage Company
Fulton Bank
Fulton Bank maintains a strong regional presence throughout Pennsylvania with multiple branches serving the Dewart area. Their mortgage division receives high marks for competitive interest rates and a wide variety of loan programs suitable for both first-time homebuyers and experienced investors. The Williamsport branch specifically serves the Dewart community with local loan officers who understand the Central Pennsylvania real estate market. Customers highlight their efficient processing, transparent communication, and expertise in navigating various mortgage scenarios.
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Howard Hanna Mortgage Services
Howard Hanna Financial Services
Howard Hanna operates one of the largest real estate and mortgage networks in Pennsylvania, with dedicated mortgage professionals serving the Dewart area from their Williamsport office. Their mortgage team specializes in seamless real estate transactions with coordinated services between their real estate agents and mortgage originators. They receive excellent reviews for their educational approach with first-time buyers, quick pre-approval process, and competitive rate offerings. The company's long-standing presence in Pennsylvania ensures deep market knowledge and reliable lending practices.
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Frequently Asked Questions
Common questions about mortgage lending in Dewart, PA
What are the typical down payment requirements for homes in Dewart, PA, given its rural setting and home values?
For the majority of conventional loans in Dewart, a 20% down payment is standard to avoid private mortgage insurance (PMI). However, many homes in the area are priced accessibly, making 3-5% down payment programs like FHA or USDA loans very popular, especially since parts of Dewart may qualify for USDA's 0% down payment program due to its rural designation.
Are there any Pennsylvania-specific first-time homebuyer programs that are particularly useful in Dewart?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan program and Keystone Government Loan program, which provide competitive interest rates and down payment/closing cost assistance. These are excellent for first-time buyers in Dewart, as they can be combined with the PHFA's HOMEstead program, which offers up to $10,000 in down payment assistance as a forgivable loan.
How does the lack of a local municipal government in this part of Delaware Township affect the mortgage process, particularly with property taxes?
Dewart is part of Delaware Township, so property taxes are assessed and collected at the township and county level. Your lender will verify taxes directly with the Lycoming County Treasurer's office. It's important to note that property tax rates in the township are relatively moderate compared to more urban areas of PA, which can positively impact your debt-to-income ratio calculation.
What type of property insurance considerations are unique to mortgages for Dewart homes?
Due to Dewart's proximity to the West Branch Susquehanna River, lenders will require a standard homeowner's policy and may mandate flood insurance if the property is in a designated FEMA Special Flood Hazard Area (SFHA). Even if not required, given the local topography, purchasing flood insurance is often a wise recommendation for homes in lower-lying areas near the river.
Are appraisals for homes in Dewart challenging due to the mix of older rural properties and newer constructions?
Appraisals can be more complex in rural areas like Dewart due to fewer comparable sales ("comps"). An appraiser familiar with Lycoming County will look at sales in nearby communities like Allenwood, Montgomery, and Hughesville. Unique properties, such as those with significant acreage, may require an appraiser with specific expertise, which your lender should help arrange to ensure an accurate valuation.
Why Choose a Mortgage Lender in Dewart?
Local Market Knowledge
Lenders who understand Dewart'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 Dewart and get competitive rates on your home loan.