The Best Mortgage Lenders in Girard, PA
Compare verified mortgage lenders serving Girard, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Girard
Featured Mortgage Lenders
Mortgage Department
Erie Federal Credit Union
Erie Federal Credit Union stands out as one of northwestern Pennsylvania's most trusted mortgage lenders with over eight decades of serving the Girard community. As a member-owned financial cooperative, they offer highly competitive rates and personalized service that consistently earns exceptional customer satisfaction ratings. Their local mortgage specialists provide comprehensive guidance through the entire home financing process, from pre-approval to closing, with particular expertise in first-time homebuyer programs and construction loans. The credit union's deep community roots and commitment to member education make them a top choice for Girard residents seeking a transparent, straightforward mortgage experience.
Loan Types:
Mortgage Center
Marquette Savings Bank
Marquette Savings Bank brings over a century of mortgage lending expertise to Girard homebuyers, combining traditional community banking values with modern financial solutions. As a locally headquartered institution with multiple branches throughout Erie County, they offer the advantage of local decision-making and personalized service. Their mortgage team receives consistently high marks for responsiveness, attention to detail, and ability to navigate complex financing scenarios. The bank specializes in construction loans and renovation financing, making them particularly valuable for buyers considering property improvements in Girard's growing residential market.
Loan Types:
Perna Team
Howard Hanna Real Estate Services - Mortgage Division
The Perna Team at Howard Hanna Mortgage brings exceptional expertise to Girard homebuyers as part of one of the nation's largest real estate services companies with deep northwestern Pennsylvania roots. With hundreds of five-star reviews, they've built a reputation for seamless coordination between mortgage and real estate services, often providing rate locks and streamlined processing that gives buyers a competitive edge. Their extensive product portfolio includes specialized programs for first-time buyers and unique financing solutions not available through traditional lenders. The team's strong relationships with local appraisers and title companies in the Girard area help ensure smooth, timely closings.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Girard, PA
Are there any special mortgage programs for first-time homebuyers in Girard, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan program and the Keystone Government Loan program, which are popular with Girard buyers. These programs provide competitive, below-market interest rates and down payment/closing cost assistance, which is particularly helpful given the area's median home prices. Local lenders like ErieBank and Marquette Savings Bank are also well-versed in these and other local assistance options.
How do property taxes in Girard impact my mortgage affordability?
Girard Borough and Girard Township have distinct millage rates, but property taxes in Erie County are generally considered moderate compared to statewide averages. When calculating your debt-to-income ratio for mortgage approval, lenders will include the estimated monthly escrow for these taxes. It's wise to budget for an annual tax bill typically ranging from 1.5% to 2% of the home's assessed value, which directly affects your total monthly payment.
What is the typical down payment needed for a home in Girard's market?
While 20% down is ideal to avoid mortgage insurance, many buyers in Girard utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially on the area's more affordable single-family homes and historic properties. Given the competitive but not overheated market, a solid down payment of 5-10% can strengthen your offer, but there are zero-down USDA rural development loans available for eligible properties in the surrounding township areas.
Are there specific lenders in Girard familiar with the local housing market?
Absolutely. Local community banks and credit unions, such as Marquette Savings Bank (headquartered in Girard) and Erie Federal Credit Union, have deep roots in the area. They often have more flexibility with underwriting for unique local properties and understand the nuances of appraisals in Girard's mix of historic borough homes and newer township developments, which can streamline the mortgage process.
How does living in a "Pennsylvania Act 47" municipality affect getting a mortgage in Girard?
Girard Borough is designated as financially distressed under Act 47, which can influence municipal services and future tax rates. Lenders are aware of this status and will still approve mortgages, but it's a critical factor for your long-term cost of homeownership. It's essential to discuss with your lender how potential future tax increases or special fees might be considered in your financial assessment and to stay informed on the borough's recovery plan.
Nearby Cities
Explore mortgage lenders in cities near Girard, PA
Why Choose a Mortgage Lender in Girard?
Local Market Knowledge
Lenders who understand Girard'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 Girard and get competitive rates on your home loan.