The Best Mortgage Lenders in Ebervale, PA
Compare verified mortgage lenders serving Ebervale, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ebervale
Featured Mortgage Lenders
Fulton Mortgage Company
Fulton Mortgage Company
Fulton Mortgage Company is a highly-rated regional lender with strong presence throughout Pennsylvania, including service to Ebervale in Luzerne County. They maintain exceptional 4.8-star ratings across multiple review platforms with particular praise for their personalized service, competitive rates, and smooth closing processes. As part of Fulton Bank, they offer the stability of an established financial institution with local decision-making and dedicated mortgage specialists who understand the Pennsylvania housing market.
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New American Funding
New American Funding
New American Funding has a strong Pennsylvania presence with excellent service to the Ebervale area, earning consistent 4.7-star ratings for their diverse loan programs and exceptional customer service. They are particularly noted for their flexible underwriting, competitive rates for various credit profiles, and bilingual service capabilities. With local loan officers serving Luzerne County, they provide personalized attention while offering the resources of a national lender with in-house processing and underwriting.
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Tompkins Community Bank
Tompkins Community Bank Mortgage
Tompkins Community Bank has deep roots in northeastern Pennsylvania with multiple branches serving the Ebervale area, including their Wilkes-Barre location just 15 miles away. They maintain excellent 4.6-star ratings for their local expertise, community-focused approach, and competitive mortgage products. As a community bank, they offer the advantage of local decision-making and personalized service with loan officers who have extensive knowledge of the Luzerne County real estate market and building relationships with local real estate professionals.
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Frequently Asked Questions
Common questions about mortgage lending in Ebervale, PA
What are the typical down payment requirements for homes in Ebervale, PA, given its market?
In Ebervale's more affordable housing market, many conventional loans are available with down payments as low as 3-5%. For the area's older, often more modestly priced homes, FHA loans with 3.5% down are also very common. Local lenders are familiar with appraisals in the borough and can guide you on the best option for your budget.
Are there any local or county-specific first-time homebuyer programs available in Ebervale?
Yes, the Luzerne County HOME Consortium offers the Homeownership Choice Program, which provides eligible first-time homebuyers in Ebervale with down payment and closing cost assistance in the form of a deferred, forgivable loan. This program is specifically designed to help buyers in Luzerne County municipalities like Ebervale achieve homeownership.
How do property taxes in Ebervale impact my mortgage qualification and monthly payment?
Luzerne County property taxes are a significant factor in Ebervale. Your lender will calculate your debt-to-income ratio using the estimated monthly tax escrow, which can be higher relative to home price compared to national averages. It's crucial to get an accurate tax estimate early in the process, as it affects your purchasing power and total monthly payment.
What should I know about getting a mortgage for one of Ebervale's older homes?
Many homes in Ebervale were built decades ago, so an FHA 203(k) Rehabilitation Loan or a conventional renovation loan can be a valuable tool. These loans allow you to finance both the purchase price and the cost of necessary repairs or updates. An FHA appraisal will also be stricter on safety and livability standards, which is a key consideration for older properties.
Are mortgage rates in Ebervale different from the national average, and which lenders are best to work with?
Mortgage rates are generally set by national markets, so Ebervale rates align with national averages. However, working with a local Pennsylvania-based credit union, community bank, or a lender with deep experience in Luzerne County can provide access to competitive portfolio products and invaluable local insight for underwriting and the closing process in the area.
Nearby Cities
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Why Choose a Mortgage Lender in Ebervale?
Local Market Knowledge
Lenders who understand Ebervale'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 Ebervale and get competitive rates on your home loan.