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Franklintown, PA

The Best Mortgage Lenders in Franklintown, PA

Compare verified mortgage lenders serving Franklintown, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
639+
Reviews
10
Loan Types

Available Loan Programs in Franklintown

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
Home Equity
Investment Properties

Featured Mortgage Lenders

1

Fulton Mortgage Company

Fulton Bank, N.A.

★★★★☆
4.8/5

Fulton Mortgage Company stands out as a top-rated regional lender with deep roots in Pennsylvania's Franklin County area. As the mortgage division of Fulton Bank, they bring exceptional local market knowledge combined with the stability of a longstanding financial institution. Their team specializes in serving both urban and rural properties in the Franklintown region, offering personalized service and competitive rates. With consistently high customer satisfaction ratings, they excel at guiding borrowers through conventional loans, government-backed programs, and specialized construction financing that's particularly relevant for the Franklintown area's mix of historic and new construction homes.

Experience:25 years
Reviews:185 customer reviews
101 Lincoln Way East, Chambersburg, PA 17201

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Members 1st Federal Credit Union Mortgage Services

Members 1st Federal Credit Union

★★★★☆
4.7/5

Members 1st Federal Credit Union has built an outstanding reputation for mortgage lending throughout central Pennsylvania, including strong service in the Franklintown area. As a member-owned financial cooperative, they prioritize customer satisfaction over profits, resulting in highly competitive rates and exceptional service. Their mortgage team specializes in first-time homebuyer programs and offers extensive educational resources. With numerous local branches and digital banking options, they provide convenient access for Franklintown residents while maintaining the personal touch of a community-focused lender. Their consistently high ratings reflect their commitment to making the mortgage process smooth and transparent.

Experience:20 years
Reviews:142 customer reviews
5000 Louise Drive, Mechanicsburg, PA 17055

Loan Types:

ConventionalFHAVAFirst-time HomebuyerRefinanceHome Equity
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3

Newrez Licensed Professionals

Newrez LLC

★★★★☆
4.6/5

Newrez brings national lending power with local expertise to serve Franklintown homebuyers and homeowners. As a top-rated national mortgage lender with licensed professionals serving Pennsylvania, they offer an extensive range of loan products and highly competitive rates. Their strength lies in combining digital efficiency with personalized service, making them particularly effective for borrowers seeking streamlined processes without sacrificing individual attention. With strong ratings for both purchase and refinance transactions, they've built trust through transparent communication and reliable closing timelines. Their experience with various property types in Pennsylvania makes them well-suited to handle Franklintown's diverse housing market.

Experience:15 years
Reviews:312 customer reviews
Servicing Pennsylvania through licensed mortgage professionals

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceInvestment Properties
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Frequently Asked Questions

Common questions about mortgage lending in Franklintown, PA

Are there any special first-time homebuyer programs available specifically for Franklintown, PA?

Yes, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like Keystone Home Loan and HOP (Homeowners' Equity Recovery) loans, which are accessible to Franklintown buyers. Additionally, some local lenders may offer special incentives or grants for buyers in Franklin County, so it's wise to consult with a mortgage broker familiar with the area to explore all local and state-assisted down payment and closing cost assistance options.

How do property taxes in Franklintown and Franklin County impact my mortgage affordability?

Franklin County has relatively moderate property tax rates compared to other parts of Pennsylvania, which can be a positive for your monthly mortgage payment. However, taxes can vary between specific municipalities. Your lender will factor the precise tax rate for the property's location into your debt-to-income ratio, so it's crucial to get an accurate estimate during the pre-approval process to understand your true monthly obligation.

What is the typical down payment needed for a home in Franklintown's current market?

While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in the Franklintown area successfully use conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's more accessible price points compared to major metros. The required down payment will depend heavily on the loan program you qualify for and the specific property's purchase price in the local Franklin County market.

Are USDA rural development loans a viable option for mortgages in Franklintown, PA?

Potentially, yes. While Franklintown itself is a borough, much of the surrounding Franklin County is designated as eligible for USDA Rural Development loans, which offer 100% financing (no down payment). A property just outside the borough limits may qualify. A local lender can help determine if a specific property meets the USDA's eligibility criteria based on its exact location.

How does Franklintown's proximity to major employers like in Chambersburg or Hagerstown, MD, affect the mortgage process?

Lenders view stable employment favorably. Working for a major regional employer like the Chambersburg Hospital, JLG Industries, or commuting to Hagerstown can demonstrate job stability, which is a key factor in mortgage approval. Be prepared to provide proof of employment and, if commuting out of state, documentation showing a consistent history of this commute, as lenders will verify your employment and income stability throughout the loan process.

Mortgage Insights

Finding Your Best Mortgage Broker in Franklintown, PA

Searching for the "best mortgage broker near me" is more than just finding a local office; it's about finding a financial guide who understands the unique character of Franklintown and can navigate the specific opportunities of Pennsylvania's housing landscape. For homebuyers eyeing our charming borough, the right broker is a key partner in turning a For Sale sign into a set of house keys.

In Franklintown, the housing market presents a mix of historic homes with character and newer developments, often with competitive pricing compared to larger metro areas. A top-tier local mortgage broker won't just process your application; they'll understand the appraisal nuances of a century-old home, the value of being in the Cumberland Valley School District, and the market pace in our tight-knit community. They have established relationships with local appraisers and title companies, which can streamline your closing process—a significant advantage when you find your perfect home.

When evaluating brokers, look for deep Pennsylvania expertise. Ask specifically about state and local homebuyer programs that can make homeownership more accessible. The Pennsylvania Housing Finance Agency (PHFA) offers valuable programs like the Keystone Home Loan and down payment and closing cost assistance grants. A broker well-versed in these options can be the difference between qualifying now or waiting years to save a larger down payment. Additionally, they should be familiar with any county-specific first-time homebuyer initiatives that might be available through Cumberland or Dauphin County.

Your search should be proactive. Start by asking for referrals from your local real estate agent—they see brokers in action daily and know who delivers smooth closings. Read local reviews with an eye for comments on communication and problem-solving, not just rates. Then, interview at least two or three candidates. Come prepared with questions: "How do you handle appraisals in Franklintown's varied housing stock?" or "Can you walk me through the PHFA programs I might qualify for?" Their answers will reveal their local knowledge and client service approach.

Remember, the best mortgage broker for you in Franklintown is one who provides clarity, not just the lowest advertised rate. They should explain the full cost of your loan, from rate to fees, and help you choose a product that fits your life—whether you're planning to stay in your home for decades or see it as a stepping stone. With the right local expert by your side, you can confidently navigate the mortgage process and focus on what matters most: making a home in Franklintown.

Nearby Cities

Explore mortgage lenders in cities near Franklintown, PA

Why Choose a Mortgage Lender in Franklintown?

Local Market Knowledge

Lenders who understand Franklintown'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 Franklintown and get competitive rates on your home loan.