The Best Mortgage Lenders in Harrisburg, PA
Compare verified mortgage lenders serving Harrisburg, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harrisburg
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender renowned for its competitive rates, extensive loan options, and exceptional customer service. With over two decades of experience, they have a strong presence in the Harrisburg area, offering personalized support and efficient processing. Their commitment to diversity and community involvement, combined with high customer satisfaction scores, makes them a top choice for homebuyers in central Pennsylvania.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a leading mortgage lender known for its digital innovation, low rates, and wide range of loan products. Founded in 2000, they have a robust regional presence serving Harrisburg with a focus on streamlined, user-friendly processes. Their high customer ratings reflect reliability, quick closings, and dedicated local support, making them a trusted option for borrowers in the area.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a well-established mortgage lender praised for its customer-centric approach and competitive financing solutions. With over 15 years in business, they have a strong track record in the Harrisburg region, offering personalized service and efficient loan processing. Their high ratings stem from reliability, local expertise, and a commitment to helping clients achieve their homeownership goals with ease.
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Frequently Asked Questions
Common questions about mortgage lending in Harrisburg, PA
Are there any special first-time homebuyer programs available in Harrisburg, 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, the City of Harrisburg has its own Homeownership Assistance Program (HAP), which can offer forgivable loans for down payment and closing costs to eligible buyers purchasing within the city limits.
How do property tax rates in Harrisburg and Dauphin County affect my mortgage payment?
Dauphin County, which includes Harrisburg, has property tax rates that are above the national average. Your lender will calculate an escrow payment as part of your monthly mortgage to cover these taxes. It's crucial to factor this into your budget, as it can significantly increase your total monthly payment compared to the principal and interest alone.
What is the typical down payment needed for a home in Harrisburg's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Harrisburg utilize conventional loans with 3-5% down or FHA loans with 3.5% down. Given the relatively affordable median home price in the area, saving for a down payment is often more achievable than in larger metropolitan areas, but competition can be stiff for well-priced homes.
Are there specific mortgage considerations for buying a historic home in Harrisburg's Midtown or Old Uptown districts?
Yes, purchasing a historic home may require a specialized inspection and could affect your loan options. Some properties may need repairs to meet standard lending requirements. You might explore renovation loans like the FHA 203(k) or Fannie Mae HomeStyle® loan to finance both the purchase and necessary updates, which is common in these charming, older neighborhoods.
How do local Harrisburg lenders compare to national banks for getting a mortgage?
Local lenders and credit unions, such as Members 1st Federal Credit Union or Pennian Bank, often have deep knowledge of the Harrisburg market and may offer more personalized service. They can be particularly advantageous for navigating city-specific programs or for complex property situations, though it's always wise to compare rates and terms with national lenders to ensure the best deal.
Why Choose a Mortgage Lender in Harrisburg?
Local Market Knowledge
Lenders who understand Harrisburg'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 Harrisburg and get competitive rates on your home loan.