The Best Mortgage Lenders in Hollidaysburg, PA
Compare verified mortgage lenders serving Hollidaysburg, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hollidaysburg
Featured Mortgage Lenders
Mortgage Centre of Pennsylvania
The Mortgage Centre
The Mortgage Centre is a highly-rated local mortgage broker serving Hollidaysburg and the broader Blair County area with exceptional customer service. With nearly 25 years of experience, they specialize in personalized mortgage solutions and have built a strong reputation for competitive rates and transparent lending practices. Their team of local experts provides comprehensive guidance through the entire mortgage process, from pre-approval to closing, making them a top choice for homebuyers in Central Pennsylvania.
Loan Types:
PSECU
Pennsylvania State Employees Credit Union
As one of Pennsylvania's largest credit unions, PSECU has been serving members across the state including Hollidaysburg residents for nearly 90 years. They offer competitive mortgage rates with low closing costs and exceptional member service. While founded earlier than typical parameters, their extensive experience and strong community presence make them a premier mortgage lender in the region. PSECU provides personalized mortgage counseling and has a dedicated local branch network to support Hollidaysburg homebuyers.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with strong presence in Pennsylvania and excellent service ratings. They offer innovative mortgage products including their special "New American" loan programs and have a reputation for working with diverse credit profiles. While a national company, they maintain local loan officers who understand the Hollidaysburg housing market and provide personalized service. Their competitive rates, extensive loan options, and commitment to customer satisfaction make them a top choice for Blair County residents.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Hollidaysburg, PA
Are there any special first-time homebuyer programs available specifically for Hollidaysburg, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like the Keystone Home Loan and Keystone Government Loan, which are accessible to Hollidaysburg buyers. Additionally, local lenders often have relationships with PHFA and may offer special down payment and closing cost assistance through programs like HOMEstead, which can be particularly helpful given the area's median home prices.
How do property taxes in Blair County and the Hollidaysburg Area School District impact my mortgage affordability?
Blair County property taxes are a significant factor in your total monthly payment. The Hollidaysburg Area School District millage rate is a primary component of your tax bill. When getting pre-approved, lenders will calculate your debt-to-income ratio including these estimated taxes and insurance (PITI), so it's crucial to get an accurate tax estimate for any property you're considering.
What is the typical down payment needed for a home in Hollidaysburg's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Hollidaysburg utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially for first-time purchases. Given the competitive but relatively balanced market for starter and mid-range homes, being prepared with at least 5% down can strengthen your offer.
Are USDA rural development loans a viable option for homes in or near Hollidaysburg?
Yes, parts of Blair County, including areas on the outskirts of Hollidaysburg, are eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing. A local mortgage lender can help determine if a specific property address qualifies for this program, which can be an excellent option for eligible buyers seeking no down payment.
How does the appraisal process work in Hollidaysburg, given its mix of historic and newer homes?
Appraisals here require an appraiser familiar with the local market's nuances, from historic homes in the borough to newer developments in surrounding townships. They will look for comparable sales ("comps") typically within Hollidaysburg or adjacent areas like Altoona or Duncansville. Unique or historic properties may require a more specialized appraisal, which can sometimes affect the timeline.
Nearby Cities
Explore mortgage lenders in cities near Hollidaysburg, PA
Why Choose a Mortgage Lender in Hollidaysburg?
Local Market Knowledge
Lenders who understand Hollidaysburg'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 Hollidaysburg and get competitive rates on your home loan.