The Best Mortgage Lenders in Greensburg, PA
Compare verified mortgage lenders serving Greensburg, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greensburg
Featured Mortgage Lenders
New American Funding
New American Funding, LLC
New American Funding is a top-rated mortgage lender known for its exceptional customer service and competitive rates, serving Greensburg and surrounding areas. With over two decades of experience, they specialize in diverse loan options, including government-backed programs, and have a strong reputation for helping first-time homebuyers and those with unique financial situations. Their high ratings reflect a commitment to transparency, quick closings, and personalized support, making them a trusted choice in Western Pennsylvania.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its efficient processing and community-focused approach, with a strong presence in the Greensburg area. Founded in 2008, they offer a wide range of loan products and are praised for their streamlined online application and local loan officers who provide personalized service. Their high customer satisfaction scores stem from fast turnaround times, competitive rates, and a dedication to supporting homebuyers through every step of the mortgage process.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a leading national mortgage lender with a robust local presence in Western Pennsylvania, including Greensburg. Known for its innovative digital tools and competitive rates, the company has built a reputation for reliability and customer satisfaction over 24 years. They excel in offering a variety of loan types with transparent fees and quick approvals, backed by extensive positive reviews highlighting their professional service and support for both purchase and refinance needs.
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Frequently Asked Questions
Common questions about mortgage lending in Greensburg, PA
Are there any special first-time homebuyer programs available in Greensburg, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan program, which provides competitive interest rates and down payment/closing cost assistance. Additionally, Westmoreland County may have local grant programs for income-eligible buyers purchasing within Greensburg city limits, which can be crucial for managing upfront costs in the current market.
How do property taxes in Westmoreland County impact my mortgage affordability in Greensburg?
Westmoreland County property taxes are a significant factor in your total monthly payment. The county's millage rate, combined with Greensburg's city and school district taxes, means your escrow payment can be substantial. When getting pre-approved, lenders will calculate your debt-to-income ratio including these taxes, so it's vital to get an accurate tax estimate for any property you're considering.
What is the typical down payment needed for a home in Greensburg's current market?
While 20% down is ideal to avoid mortgage insurance, many local buyers successfully use FHA loans with 3.5% down or conventional loans with 3% down, especially on Greensburg's more affordable starter homes. However, in a competitive multiple-offer situation, a higher down payment can make your offer more attractive to sellers.
Are USDA loans a viable option for homes in Greensburg, PA?
Generally, no. Greensburg is considered an urban area by the USDA and does not meet the population eligibility requirements for their rural development loan program. Buyers should look at conventional, FHA, or PHFA programs instead. However, some surrounding townships in Westmoreland County may still qualify, so it's worth checking specific addresses with a lender.
How does the appraisal process work for Greensburg's mix of historic and newer homes?
Appraisals in Greensburg require an appraiser familiar with the local market's nuances, such as valuing older, well-maintained homes in the historic districts versus newer constructions on the outskirts. Unique features of older homes (like original woodwork) and any needed updates must be properly assessed, as this directly impacts the loan amount the lender will approve.
Nearby Cities
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Why Choose a Mortgage Lender in Greensburg?
Local Market Knowledge
Lenders who understand Greensburg'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 Greensburg and get competitive rates on your home loan.