The Best Mortgage Lenders in Homestead, PA
Compare verified mortgage lenders serving Homestead, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Homestead
Featured Mortgage Lenders
Howard Hanna Mortgage Services
Howard Hanna Financial Services
Howard Hanna Mortgage Services is one of the top-rated regional mortgage lenders serving Homestead and the entire Pittsburgh metropolitan area. As part of the largest independently owned full-service real estate company in the nation, they offer deep local market expertise with personalized service. Their strong reputation stems from competitive rates, streamlined processing, and exceptional customer service. With deep roots in Western Pennsylvania since 1999, they specialize in helping both first-time homebuyers and experienced homeowners with various loan programs including specialized first-time buyer assistance programs.
Loan Types:
Dollar Bank
Dollar Bank, Federal Savings Bank
Dollar Bank is a highly respected community-focused financial institution with a strong presence throughout Western Pennsylvania, including Homestead. As one of the largest independent mutual banks in the United States, they offer competitive mortgage rates and personalized service. Their mortgage specialists provide comprehensive guidance through the entire home financing process, with particular strength in first-time homebuyer programs and local market knowledge. With branches throughout the Pittsburgh area, they maintain excellent customer satisfaction ratings and offer both in-person and digital mortgage services.
Loan Types:
Huntington Bank Mortgage
Huntington National Bank
Huntington Bank provides comprehensive mortgage services to Homestead residents with a strong regional presence throughout Pennsylvania. They offer competitive rates and a wide variety of loan products, including their popular "Huntington @Home" mortgage program that simplifies the application process. Their local mortgage specialists understand the Pittsburgh housing market dynamics and provide personalized service from application through closing. Huntington's long-standing commitment to the community and extensive branch network in Western Pennsylvania makes them a reliable choice for home financing with excellent customer service ratings.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Homestead, PA
What first-time homebuyer programs are specifically available for purchasing a home in Homestead, PA?
Homestead homebuyers have access to Pennsylvania's statewide PHFA (Pennsylvania Housing Finance Agency) programs, including the Keystone Home Loan and the HOPE for Homeowners down payment and closing cost assistance grant. Additionally, Allegheny County offers its own Homebuyer Down Payment and Closing Cost Assistance Program, which can provide up to $10,000 in assistance for eligible buyers purchasing within the county, including Homestead.
How does Homestead's location in the Mon Valley and its proximity to Pittsburgh affect mortgage lending and property values?
Homestead's position as a riverfront community with easy access to Pittsburgh via the Homestead High Level Bridge makes it attractive for commuters, which supports property values. Lenders view this stability positively. However, being in an older, post-industrial area, some homes may require more thorough inspections for issues like aging infrastructure, which can affect appraisal values and loan approvals.
Are there any local mortgage considerations for buying a home in the Historic District or near The Waterfront development?
Yes, purchasing in the designated Historic District could involve specific renovation guidelines, and lenders may require specialized appraisals. Conversely, properties near The Waterfront, a major commercial hub, are often in higher demand and may appraise for more, but lenders might also scrutinize condo or townhome developments in the area more closely for homeowner association (HOA) financial health.
What are typical property tax rates in Homestead, PA, and how do they impact my mortgage payment?
Homestead is located within Allegheny County, which has some of the highest property tax rates in Pennsylvania. The total millage rate for Homestead Borough is approximately 30-32 mills (varying by school district), meaning taxes can be a significant portion of your monthly escrow payment. It's crucial to factor this into your budget, as it directly affects your total monthly mortgage obligation.
Do lenders in Homestead offer any special loan programs for homes that need rehabilitation?
Yes, a key program for Homestead's older housing stock is the PHFA's Renovate & Repair loan, which can be combined with a Keystone Home Loan to finance both purchase and renovation costs. Additionally, the Allegheny County Economic Development Rehab Program offers low-interest loans for substantial rehabilitation, which can be crucial for bringing many of the borough's historic or fixer-upper properties up to lending standards.
Nearby Cities
Explore mortgage lenders in cities near Homestead, PA
Why Choose a Mortgage Lender in Homestead?
Local Market Knowledge
Lenders who understand Homestead'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 Homestead and get competitive rates on your home loan.