The Best Mortgage Lenders in Furlong, PA
Compare verified mortgage lenders serving Furlong, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Furlong
Featured Mortgage Lenders
First Northern Bank & Trust
First Northern Bank & Trust
First Northern Bank & Trust is a highly-rated community bank with deep roots in Bucks County, serving Furlong and surrounding areas for over two decades. They consistently receive exceptional customer reviews for their personalized service, competitive rates, and local decision-making. As a community-focused institution, they offer a comprehensive range of mortgage products with the advantage of working directly with local loan officers who understand the Furlong real estate market. Their commitment to customer satisfaction and extensive experience with Pennsylvania home financing makes them a top choice for area residents.
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Newtown Mortgage
Newtown Mortgage
Newtown Mortgage has built an outstanding reputation throughout Bucks County, including Furlong, with nearly three decades of mortgage lending expertise. They are particularly praised for their exceptional customer service, competitive rates, and streamlined application process. Specializing in both purchase and refinance loans, they have helped thousands of Pennsylvania families achieve homeownership. Their team of experienced loan officers provides personalized guidance through every step of the mortgage process, earning them consistently high ratings and numerous positive reviews from Furlong area homebuyers.
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Trident Mortgage
Trident Mortgage Company
Trident Mortgage has established itself as a premier mortgage lender serving the entire Philadelphia metropolitan area, including Furlong and Bucks County. With over two decades of experience, they offer a comprehensive suite of mortgage products and are particularly noted for their competitive rates and efficient closing processes. Their team of dedicated mortgage professionals provides personalized service with the backing of a well-established regional lender. They have multiple local branches and consistently receive high marks for their expertise in Pennsylvania mortgage lending, making them a reliable choice for Furlong residents.
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Frequently Asked Questions
Common questions about mortgage lending in Furlong, PA
What are the typical down payment requirements for homes in Furlong, PA, given its higher-than-average home prices?
For the median-priced home in Furlong, a standard 20% down payment can be a significant sum, often exceeding $100,000. However, many buyers utilize conventional loans with as little as 5% down or FHA loans with 3.5% down. Local lenders are familiar with structuring loans for Bucks County's market and can advise on the best balance between down payment, mortgage insurance, and monthly payment for your budget.
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Bucks County that apply to Furlong?
Yes, the **Bucks County Homeownership Choice Program** offers up to $10,000 in down payment and closing cost assistance in the form of a 0% interest, forgivable loan for eligible first-time buyers in Furlong. Additionally, the **PHFA (Pennsylvania Housing Finance Agency)** offers first-time buyer loans with competitive rates and down payment assistance grants that are applicable statewide, including in Furlong.
How do property taxes in Central Bucks School District impact my mortgage qualification and monthly payment in Furlong?
Central Bucks School District has some of the highest property tax rates in Pennsylvania. Lenders will calculate your debt-to-income ratio using the full PITI (Principal, Interest, Taxes, Insurance) payment. For a Furlong home, the tax portion can add several hundred dollars to your monthly obligation, which significantly affects how much home you can qualify for. It's crucial to get a precise tax estimate during your pre-approval.
Is it common to see bidding wars on homes in Furlong, and how should I structure my mortgage offer to be competitive?
In Furlong's desirable neighborhoods with top-rated schools, competitive offers are common. To make your offer stronger, work with a local lender to get a fully underwritten pre-approval (not just a pre-qualification) and consider waiving the mortgage contingency if you have extreme confidence in your financing. Demonstrating strong financial readiness is often as important as the offer price itself.
Are jumbo loans common in Furlong, and do they have different requirements?
Yes, given Furlong's home values frequently exceed the conforming loan limits ($$766,550 for 2024), jumbo loans are very common. Requirements are stricter, typically requiring a credit score of 700+, a down payment of 10-20% or more, and more extensive reserve requirements (often 6-12 months of payments in liquid assets). Local lenders and banks often have competitive jumbo products tailored for the Bucks County market.
Nearby Cities
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Why Choose a Mortgage Lender in Furlong?
Local Market Knowledge
Lenders who understand Furlong'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 Furlong and get competitive rates on your home loan.