The Best Mortgage Lenders in Freeland, PA
Compare verified mortgage lenders serving Freeland, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Freeland
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong presence in Northeastern Pennsylvania, including Freeland. Known for exceptional customer service and competitive rates, they have built a reputation on transparency and efficiency. With over 28 years in the industry, they offer a wide range of loan products and have numerous positive reviews highlighting their personalized approach and fast closing times. Their local Wilkes-Barre office ensures dedicated support for Freeland residents, making them a trusted choice for home financing.
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Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a highly regarded national lender with a robust local presence in the Scranton-Wilkes-Barre area, serving Freeland effectively. They are praised for their competitive rates, flexible loan options, and streamlined digital process. With 16 years of experience, they focus on customer satisfaction and have a track record of handling complex mortgage scenarios. Their high rating and substantial review count reflect reliability and strong community engagement, making them a preferred option for homebuyers in the region.
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First Liberty Bank & Trust
First Liberty Bank & Trust
First Liberty Bank & Trust is a locally-based community bank with deep roots in Luzerne County, including Freeland. They offer personalized mortgage services with a focus on long-term relationships and local expertise. With 29 years in business, they provide a variety of loan products and are known for their attentive customer service and competitive rates. Their high rating and positive reviews emphasize their commitment to the community and reliability, making them an excellent choice for residents seeking a trustworthy local lender.
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Frequently Asked Questions
Common questions about mortgage lending in Freeland, PA
Are there any local or county-specific first-time homebuyer assistance programs available in Freeland, PA?
Yes, homebuyers in Luzerne County, where Freeland is located, can access the Luzerne County Homebuyer Assistance Program. This program offers down payment and closing cost assistance in the form of a deferred, forgivable loan. Eligibility typically includes income limits, a homebuyer education course, and purchasing a home within the county.
How do property taxes in Freeland and Luzerne County impact my mortgage affordability?
Luzerne County property taxes are a significant factor in your monthly payment. The county's millage rate, combined with local borough and school district taxes (like the Hazleton Area School District), can add a substantial amount to your escrow. It's crucial to get an accurate tax estimate when calculating your total monthly mortgage payment, as taxes here can sometimes be higher than state averages.
What types of properties are most common for mortgage lending in Freeland, and does that affect loan options?
Freeland features many single-family homes, older duplexes, and some modular homes. While conventional, FHA, and VA loans are widely available, some older homes or unique properties may require specific appraisal considerations. USDA Rural Development loans are also a potential option for eligible properties in the area, as Freeland meets the USDA's rural designation.
Is it difficult to get a mortgage for a home in Freeland if I'm self-employed or have variable income?
As a community with many residents in trades, transportation, or small business, lenders in the area are accustomed to working with self-employed borrowers. You will need to provide strong documentation, typically two years of complete tax returns, to prove a stable income history. Working with a local lender familiar with the area's employment patterns can be very beneficial.
How does the appraisal process work in Freeland's unique housing market?
Appraisals in Freeland must carefully consider the mix of property types and the influence of both very recent sales and older, long-held properties. An appraiser will look for comparable sales ("comps") primarily within the borough or immediate surrounding areas. Challenges can arise if the home is unique or if there have been few recent sales, which is why using an appraiser with local expertise is key.
Nearby Cities
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Why Choose a Mortgage Lender in Freeland?
Local Market Knowledge
Lenders who understand Freeland'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 Freeland and get competitive rates on your home loan.