The Best Mortgage Lenders in Felton, PA
Compare verified mortgage lenders serving Felton, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Felton
Featured Mortgage Lenders
Fulton Mortgage Company
Fulton Bank, N.A.
Fulton Mortgage Company stands out as one of the top-rated regional mortgage lenders serving Felton and surrounding York County areas. As the mortgage division of Fulton Bank, they bring over two decades of dedicated mortgage experience with deep roots in Pennsylvania communities. They excel in personalized service with local loan officers who understand the specific needs of south-central Pennsylvania homebuyers. Their strong reputation comes from competitive rates, straightforward application processes, and exceptional customer service throughout the loan lifecycle. With multiple branches throughout the region and digital mortgage capabilities, they offer both convenience and local expertise that Felton residents appreciate.
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Members 1st Federal Credit Union
Members 1st Federal Credit Union
Members 1st Federal Credit Union has built an outstanding reputation as a mortgage lender serving Felton and the broader south-central Pennsylvania region. As a member-owned financial cooperative, they consistently offer competitive rates and lower fees than many traditional banks. Their mortgage specialists provide personalized guidance through every step of the homebuying process, with particular strength in first-time homebuyer programs and local market knowledge. The credit union's community-focused approach and commitment to member satisfaction make them a preferred choice for Felton area residents seeking a trustworthy mortgage partner with excellent customer service ratings and local decision-making.
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Newrez LLC
Newrez LLC
Newrez has established itself as a top-performing mortgage lender serving Felton and Pennsylvania markets with competitive rates and extensive loan options. With over a decade of experience, they combine national lending power with local market expertise through their network of loan officers familiar with York County's real estate landscape. They receive high marks for their efficient digital mortgage platform, responsive customer service, and ability to close loans quickly. Their diverse product portfolio caters to various borrower needs, from government-backed loans to specialized programs, making them a versatile choice for Felton homebuyers seeking a reliable mortgage partner with strong industry ratings and proven customer satisfaction.
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Frequently Asked Questions
Common questions about mortgage lending in Felton, PA
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Felton, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers several programs, including the Keystone Home Loan and the Keystone Government Loan, which are accessible to Felton residents. These programs often feature competitive interest rates and down payment/closing cost assistance grants, which are particularly helpful given the rural nature of York County and the need to manage well and septic system costs common in the area.
How does Felton's location in a USDA-eligible area affect my mortgage options?
Felton is located in a USDA-designated rural area, making many buyers eligible for USDA loans, which require no down payment. This is a significant advantage for purchasing homes in the area, as it opens up homeownership to buyers who may not have substantial savings for a down payment but have stable income, aligning well with the local market of single-family homes on larger lots.
What should I budget for closing costs specifically when buying a home in Felton?
In addition to standard closing costs (typically 2-5% of the loan amount), Felton buyers should budget for specific rural considerations. These include thorough well and septic inspections (often $500-$1,000+), which are almost always required by lenders, and potentially a more detailed survey if the property has extensive acreage, which is common in the area.
How do property taxes in the Red Lion Area School District impact my mortgage qualification and payment?
York County, including Felton, has relatively moderate property tax rates compared to other parts of Pennsylvania. For the Red Lion Area School District, the current millage rate will directly affect your estimated monthly escrow payment. Your lender will use the specific property's assessed value to calculate this into your debt-to-income ratio, which is a key part of the qualification process.
Are appraisals for homes in Felton more challenging due to its rural setting?
They can be, as finding comparable sales ("comps") for unique or very rural properties with acreage may take more time for appraisers. This can occasionally affect the appraisal value and the loan process timeline. Working with a local lender familiar with York County's rural markets can help, as they often have relationships with appraisers who understand how to properly value land, outbuildings, and well/septic systems.
Why Choose a Mortgage Lender in Felton?
Local Market Knowledge
Lenders who understand Felton'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 Felton and get competitive rates on your home loan.