The Best Mortgage Lenders in Drifton, PA
Compare verified mortgage lenders serving Drifton, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Drifton
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Pennsylvania, known for its competitive rates and digital-friendly application process. With over two decades of experience, they excel in customer service, offering a wide range of loan options and personalized support. Their high ratings stem from efficient processing, transparency, and a commitment to helping borrowers in Drifton and surrounding areas achieve homeownership with ease.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly regarded lender with a focus on community engagement and fast, reliable service. Founded in 2008, they have built a reputation for streamlined loan approvals and exceptional customer care, particularly for first-time homebuyers in Pennsylvania. Their local loan officers provide personalized guidance, making them a trusted choice for Drifton residents seeking flexible mortgage solutions and competitive rates.
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New American Funding
New American Funding
New American Funding is a reputable mortgage lender with over two decades of experience, offering a diverse portfolio of loan products and a strong emphasis on customer satisfaction. They are known for their inclusive lending practices, competitive rates, and efficient processing, serving borrowers in Drifton and across Pennsylvania. Their high customer ratings reflect their dedication to making home financing accessible and straightforward.
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Frequently Asked Questions
Common questions about mortgage lending in Drifton, PA
What are the typical down payment requirements for homes in Drifton, given its more rural and affordable market?
In Drifton's affordable market, many conventional loans are available with down payments as low as 3-5%. For the area's median home price, this can mean a much lower upfront cash requirement compared to larger cities. Local lenders are also familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties and borrowers in this designated rural area.
Are there any local or county-specific first-time homebuyer assistance programs available in Luzerne County for Drifton buyers?
Yes, the Luzerne County Homeowner Assistance Program (HAP) offers deferred, no-interest loans to assist with down payment and closing costs for eligible first-time homebuyers. This program is particularly valuable in Drifton, as it can be combined with the affordable home prices to significantly reduce the barrier to entry. Income limits and property guidelines apply, so consulting a local lender familiar with the program is essential.
How does the property type common in Drifton, like older single-family homes or potential modular homes, affect mortgage options?
Drifton has many older, well-built homes, and most lenders are comfortable financing them, though an appraisal confirming sound condition is key. For modular homes placed on a permanent foundation, financing is typically straightforward with conventional or FHA loans. It's crucial to work with a local appraiser and lender who understand the local construction styles and market values to ensure a smooth process.
What should I know about property taxes and homeowners insurance when calculating my monthly mortgage payment in Drifton?
Luzerne County property taxes are a significant component of your monthly escrow payment. While rates vary, they are generally moderate for Pennsylvania. Homeowners insurance in Drifton is often very affordable due to lower rebuild costs and lower risk profiles compared to urban areas, but it's wise to shop around with local and regional insurers for the best rates.
Are mortgage rates in Drifton, PA, different from the national average, and which local lenders are most active here?
Mortgage rates are primarily set by national markets, so Drifton rates align with national averages. However, your specific rate will depend on your credit profile and loan product. For local service, community banks and credit unions like First Federal Savings & Loan or local credit unions are very active and knowledgeable about the Drifton market, often providing personalized guidance that national lenders may not.
Nearby Cities
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Why Choose a Mortgage Lender in Drifton?
Local Market Knowledge
Lenders who understand Drifton'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 Drifton and get competitive rates on your home loan.