The Best Mortgage Lenders in Exton, PA
Compare verified mortgage lenders serving Exton, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Exton
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is one of the top-rated digital mortgage lenders serving the Exton area with an exceptional 4.9-star rating. They offer a streamlined online application process combined with local expertise, providing competitive rates and fast closings. Their extensive loan product portfolio caters to all types of borrowers, including first-time homebuyers and those seeking jumbo loans. With over two decades of experience and strong local presence in the Philadelphia suburbs, they consistently receive praise for their responsive service, transparent communication, and efficient digital mortgage platform that simplifies the entire lending process.
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Fulton Mortgage Company
Fulton Bank, N.A.
Fulton Mortgage Company, a division of Fulton Bank, brings over 140 years of banking experience to the Exton market. With a strong regional presence throughout Pennsylvania and mid-Atlantic states, they offer comprehensive mortgage solutions with personalized service. Their 4.8-star rating reflects exceptional customer satisfaction, particularly for their construction loans and first-time homebuyer programs. As a community-focused lender, they provide local underwriting and decision-making, ensuring responsive service throughout the mortgage process. Their long-standing reputation and full range of banking services make them a trusted choice for Exton homebuyers.
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TruMark Financial Mortgage Services
TruMark Financial Credit Union
TruMark Financial Credit Union's mortgage division serves the Exton area with an outstanding 4.7-star rating and over eight decades of financial service experience. As a member-owned credit union, they offer competitive rates and lower fees than many traditional banks. Their mortgage specialists provide personalized guidance through the entire homebuying process, with particular expertise in first-time homebuyer programs and VA loans. The credit union's community-focused approach and local decision-making ensure responsive service, while their comprehensive mortgage products cater to diverse borrowing needs throughout Chester County and the greater Philadelphia region.
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Frequently Asked Questions
Common questions about mortgage lending in Exton, PA
What are typical down payment requirements for homes in Exton, PA, and are there local programs to assist?
While conventional loans often require 5-20% down, Exton's competitive market may necessitate stronger offers. However, first-time homebuyers in Chester County should explore the "HOMEstead" down payment and closing cost assistance program, which offers up to $10,000 as a five-year, forgivable loan. Additionally, Pennsylvania's PHFA offers statewide programs with favorable terms for eligible buyers in Exton.
How does Exton's location in the Philadelphia-Camden-Wilmington metro area affect mortgage rates and lending?
As part of a major metro area, Exton generally benefits from competitive mortgage rates due to high lender competition. However, rates can be slightly influenced by the broader regional economic trends of Southeastern Pennsylvania. It's advisable to compare offers from both local community banks, like First Resource Bank, and national lenders to secure the best terms.
Are there specific mortgage considerations for buying a home in one of Exton's many planned communities or homeowner associations (HOAs)?
Absolutely. Many Exton neighborhoods, like Whitford Hills or the Reserve at Eagleview, have mandatory HOAs. Lenders will scrutinize the HOA's financial health, covenants, and fees, as high monthly dues can affect your debt-to-income ratio. You must factor these costs into your mortgage approval amount and monthly budget.
What should first-time homebuyers in Exton know about property taxes and how they impact mortgage payments?
Chester County has relatively high property taxes, which are a significant component of your monthly escrow payment. Exton's combined county, township, and school district millage rates result in effective tax rates typically between 2.0% and 2.5% of assessed value. Your lender will calculate this into your PITI (Principal, Interest, Taxes, Insurance) to ensure you can afford the total payment.
Does Exton's strong school district influence the mortgage process or home values?
Yes, the highly-rated West Chester Area School District is a major driver of home values in Exton, often leading to competitive bidding. Appraisals must support the purchase price, which can be challenging in fast-moving markets. A strong pre-approval and potentially offering an appraisal gap guarantee can make your mortgage-backed offer more attractive to sellers.
Why Choose a Mortgage Lender in Exton?
Local Market Knowledge
Lenders who understand Exton'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 Exton and get competitive rates on your home loan.