The Best Mortgage Lenders in Greencastle, PA
Compare verified mortgage lenders serving Greencastle, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greencastle
Featured Mortgage Lenders
F&M Trust Mortgage Team
Farmers and Merchants Trust Company
As a community bank deeply rooted in Franklin County, F&M Trust offers exceptional local mortgage lending services with personalized attention. Their Greencastle branch provides convenient access to experienced loan officers who understand the local real estate market. With over a century of service, they offer competitive rates and various loan programs while maintaining strong relationships with local realtors and builders. Their commitment to the Greencastle community and extensive experience make them a top choice for residential mortgages.
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Mason McDowell Team
New American Funding
Mason McDowell and his team at New American Funding serve the Greencastle area with exceptional mortgage services and high customer satisfaction ratings. They specialize in first-time homebuyer programs and offer competitive rates with various loan options. The team is known for their responsive communication, streamlined process, and expertise in navigating complex mortgage scenarios. With strong local market knowledge and national lending capabilities, they provide comprehensive mortgage solutions tailored to individual needs in the Greencastle community.
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Jason Gochenaur
First Heritage Mortgage
Jason Gochenaur at First Heritage Mortgage brings extensive local expertise to Greencastle homebuyers with over 15 years of mortgage lending experience. Operating from their Greencastle office, he offers personalized service and deep knowledge of the local real estate market. First Heritage Mortgage is known for competitive rates, flexible loan programs, and exceptional customer service. Their commitment to educating borrowers and guiding them through the entire mortgage process makes them a trusted choice for Greencastle residents seeking reliable mortgage solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Greencastle, PA
Are there any special first-time homebuyer programs available in Greencastle, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers several statewide programs, like the Keystone Home Loan and Keystone Government Loan, which are accessible to Greencastle buyers. These programs often feature competitive interest rates, down payment and closing cost assistance, and are particularly valuable in Franklin County's market. It's also wise to check with local lenders for any county or regional initiatives that may offer additional benefits.
How do property tax rates in Greencastle impact my mortgage payment?
Property taxes in Greencastle (within Antrim Township) are a significant component of your monthly escrow payment. Franklin County's millage rates are generally considered moderate for Pennsylvania, but it's crucial to get an accurate estimate for your specific property, as taxes can vary. Your lender will calculate this into your Debt-to-Income ratio, so factoring it in early is key for budgeting in this market.
What is a typical down payment needed for a home in Greencastle's current market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Greencastle utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the competitive entry-level market. For the area's median home price, this translates to a practical cash requirement that local lenders can help you structure, possibly with assistance programs to reduce the upfront burden.
Does Greencastle's location in a rural area affect my mortgage options?
Yes, positively. Homes in eligible rural areas of Franklin County, including parts of the Greencastle region, may qualify for USDA Rural Development loans, which offer 100% financing (no down payment). This is a major advantage for eligible buyers looking at properties just outside the borough limits. A local mortgage broker can confirm specific property eligibility for this valuable program.
How competitive is the mortgage rate environment for buyers in Greencastle, PA?
Rates in Greencastle are influenced by national trends but can vary slightly between local lenders, credit unions, and national banks. Shopping around with lenders familiar with the South-Central PA market is essential. Your specific rate will depend heavily on your credit score, loan type, and down payment, but local lenders often have strong relationships with community banks that can offer competitive terms.
Nearby Cities
Explore mortgage lenders in cities near Greencastle, PA
Why Choose a Mortgage Lender in Greencastle?
Local Market Knowledge
Lenders who understand Greencastle'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 Greencastle and get competitive rates on your home loan.