The Best Mortgage Lenders in Howard, PA
Compare verified mortgage lenders serving Howard, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Howard
Featured Mortgage Lenders
Chris Ream
Ream Home Mortgage Team at Fairway Independent Mortgage
The Ream Home Mortgage Team is one of Central Pennsylvania's highest-rated mortgage lenders with extensive experience serving rural communities like Howard. Chris Ream and his team specialize in personalized service and have particular expertise with USDA rural development loans, which are highly relevant for Howard area properties. They maintain a 4.9-star rating across multiple review platforms and are known for their competitive rates and exceptional customer service throughout Centre County and surrounding areas.
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Nittany Bank Mortgage Department
Nittany Bank
As a community bank deeply rooted in Central Pennsylvania, Nittany Bank has built a strong reputation for mortgage lending in rural communities including Howard. Their local underwriting and decision-making process allows for greater flexibility, and they have particular expertise with construction loans and land purchases common in the Howard area. With physical branches throughout the region, they offer personalized service and understand the unique property needs of rural Centre County.
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Members 1st Federal Credit Union Mortgage Center
Members 1st Federal Credit Union
While headquartered in Mechanicsburg, Members 1st has a strong presence throughout Central Pennsylvania and actively serves the Howard area. They are particularly known for competitive rates and excellent member service, with special programs for first-time homebuyers and rural property financing. Their extensive branch network and digital capabilities make them accessible to Howard residents, and they have specific expertise with USDA loans that are ideal for the rural Howard market. They maintain consistently high customer satisfaction ratings across multiple review platforms.
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Frequently Asked Questions
Common questions about mortgage lending in Howard, PA
Are there any local first-time homebuyer assistance programs specific to Howard, PA?
While Howard itself may not have a city-specific program, Centre County offers the HOMEstead Down Payment and Closing Cost Assistance Program, which is available to Howard residents. This program provides up to $10,000 in a 0% interest, forgivable loan for eligible first-time buyers. Additionally, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like Keystone Home Loan and Keystone Government Loans, which are widely used in the area.
How do property taxes in Howard, PA, impact my mortgage payment and affordability?
Property taxes in Howard and surrounding Centre County are a significant component of your monthly payment. The county's millage rate, combined with local school district taxes, results in a total effective property tax rate that is moderately high for Pennsylvania. Your lender will calculate these into your debt-to-income ratio, and it's wise to budget for an escrow payment that may be $150-$300+ per month on top of your principal and interest, depending on the home's assessed value.
What types of properties are most common for mortgage financing in Howard, and does that affect loan options?
Howard features a mix of single-family homes, older farmhouses, and some newer subdivisions, with a notable number of properties on larger, rural lots. This means USDA Rural Development loans are a popular and relevant option for eligible borrowers, as much of the area qualifies for this $0-down-payment program. Conventional and FHA loans are also common, but appraisals for unique or older properties may require special attention to well and septic systems.
How competitive is the Howard real estate market, and how should I prepare my mortgage pre-approval?
The Howard market is less frenetic than State College but remains competitive for well-priced homes, especially those with acreage or modern updates. To be taken seriously by sellers, you need a strong, verified pre-approval letter from a local or reputable lender. Given the competitive environment, consider getting pre-approved for an amount that allows for escalation clauses and waiving certain financing contingencies only if you are financially secure, as appraisal gaps can occur.
Are there local lenders in Howard, PA, who better understand the area's unique market?
While Howard is a small borough, there are several established local lenders and credit unions in Centre County, such as First National Bank and Members 1st Federal Credit Union, with deep knowledge of the area. Using a local lender can be advantageous as they understand the nuances of appraising rural properties, are familiar with township-specific requirements, and can often provide more personalized service, which can help ensure a smooth closing timeline.
Why Choose a Mortgage Lender in Howard?
Local Market Knowledge
Lenders who understand Howard'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 Howard and get competitive rates on your home loan.