The Best Mortgage Lenders in Horsham, PA
Compare verified mortgage lenders serving Horsham, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Horsham
Featured Mortgage Lenders
Mortgage Department
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Philadelphia metropolitan area, including Horsham. Known for its competitive rates and digital mortgage process, the company has consistently high customer satisfaction ratings. With over two decades of experience, they offer a wide range of loan products and are praised for their efficient service and transparency. Their extensive review count and 4.8 rating reflect reliability and excellent customer support, making them a preferred choice for homebuyers in the region.
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Mortgage Team
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly reputable lender serving Horsham and the broader Montgomery County area. With a 4.7 rating and over 280 reviews, they are recognized for personalized service and expertise in various loan types, including first-time homebuyer programs. Founded in 2003, they have built a strong track record for competitive rates and community involvement. Their local branch in Bryn Mawr ensures accessible, in-person support, and their commitment to customer education and satisfaction makes them a standout option for mortgages in southeastern Pennsylvania.
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Loan Officer Team
New American Funding
New American Funding is a well-established mortgage lender with a significant presence in the Philadelphia region, including Horsham. Boasting a 4.6 rating and over 220 reviews, they are acclaimed for their diverse loan options and focus on underserved communities. Founded in 2003, they offer competitive rates and a streamlined application process, with strengths in FHA and VA loans. Their dedication to customer service and financial education, combined with local expertise, ensures a smooth mortgage experience for homebuyers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Horsham, PA
Are there any special first-time homebuyer programs available specifically for Horsham, PA?
Yes, Montgomery County, where Horsham is located, offers the HOMEstead Downpayment and Closing Cost Assistance Program. This provides eligible first-time homebuyers with up to $10,000 in a five-year forgivable loan for down payment and closing costs. Additionally, the Pennsylvania Housing Finance Agency (PHFA) offers Keystone Home Loan programs with competitive rates and down payment assistance, which are widely used by Horsham buyers.
How do Horsham's property tax rates impact my mortgage affordability?
Horsham's property tax rates are a significant factor, as Montgomery County has some of the highest property taxes in Pennsylvania. The combined township, county, and school district millage rate means your monthly escrow payment will be substantial. When getting pre-approved, lenders will factor this into your debt-to-income ratio, often reducing the loan amount you qualify for compared to areas with lower taxes.
What is the typical down payment needed for a home in Horsham's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Horsham's competitive market secure conventional loans with 5%, 10%, or 15% down. For the popular townhomes and single-family homes in areas like Normandy Farms Estates, strong offers often include higher down payments to stand out. Local lenders are familiar with structuring loans that balance competitive down payments with strong offer terms.
Does Horsham's location near major employers like NASJRB Willow Grove influence mortgage lending?
Absolutely. Horsham's proximity to the former Naval Air Station (now a redevelopment corridor with major employers) and corporations along the Route 611/PA Turnpike corridor is viewed favorably by lenders. Stable employment with these major employers can strengthen your loan application. Furthermore, VA loans are commonly used in the area due to the veteran and military-affiliated population connected to the base's history.
Are jumbo loans common in Horsham, and what are the requirements?
Yes, jumbo loans are frequently needed for homes in Horsham's more premium neighborhoods, as sale prices often exceed the conforming loan limit ($$766,550 for 2024). Local lenders have expertise in jumbo products, which typically require excellent credit (often 700+), a lower debt-to-income ratio, and larger down payments (usually 20% or more). Proof of significant reserves is also a standard requirement.
Why Choose a Mortgage Lender in Horsham?
Local Market Knowledge
Lenders who understand Horsham'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 Horsham and get competitive rates on your home loan.