The Best Mortgage Lenders in Huntingdon, PA
Compare verified mortgage lenders serving Huntingdon, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntingdon
Featured Mortgage Lenders
Juniata Valley Financial Corp.
The Juniata Valley Bank
As Huntingdon's premier local banking institution with deep community roots since 1869, The Juniata Valley Bank offers exceptional personalized mortgage services with local decision-making. Their mortgage team provides competitive rates and flexible terms with the advantage of face-to-face service. They specialize in first-time homebuyer programs and have extensive experience with rural property financing, making them ideal for the Huntingdon County area. Their long-standing reputation for reliability and community commitment makes them a top choice for local home financing.
Loan Types:
First National Bank
First National Bank
With a strong regional presence across Pennsylvania, First National Bank has been serving Huntingdon and surrounding communities for generations. They offer a comprehensive range of mortgage products with competitive rates and local loan processing. Their experienced mortgage specialists provide personalized guidance through the entire home buying process, and they're particularly known for their construction-to-permanent loans which are valuable in rural areas like Huntingdon County. The bank's long history and stability provide confidence to borrowers.
Loan Types:
CNB Bank
CNB Bank
CNB Bank has been serving central Pennsylvania communities for over 150 years and maintains a strong presence in Huntingdon County. They offer specialized mortgage solutions for rural properties and agricultural needs common in the region. Their local loan officers understand the unique aspects of Huntingdon County real estate and provide personalized service with quick decision-making. CNB is particularly strong in USDA rural development loans and construction financing, making them an excellent choice for the Huntingdon area's specific housing needs.
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Frequently Asked Questions
Common questions about mortgage lending in Huntingdon, PA
Are there any first-time homebuyer assistance programs specific to Huntingdon, PA?
Yes, Huntingdon County is served by the Pennsylvania Housing Finance Agency (PHFA). Through PHFA, eligible buyers can access the Keystone Home Loan program with competitive rates and the Keystone Assistance Loan, which offers up to $10,000 in down payment and closing cost assistance as a 0% interest, forgivable second mortgage. Local lenders are well-versed in these programs and can guide you through the application process.
How does the presence of Juniata College and the state correctional institutions impact the local mortgage market in Huntingdon?
These institutions provide stable employment, which can be favorable for loan qualification. Lenders may view employment at these entities as low-risk. However, the college also creates a seasonal rental market, so if you're considering an investment property, lenders will scrutinize the rental income history more closely. The overall market stability can sometimes lead to slightly more competitive local mortgage rates compared to more rural parts of the county.
What are typical property taxes in Huntingdon, and how do they affect my mortgage qualification?
Property taxes in Huntingdon Borough and surrounding townships are a significant factor. The combined county, municipal, and school district millage rates can result in effective tax rates often between 1.5% and 2.0% of a home's assessed value. Lenders will calculate this into your debt-to-income ratio, so it's crucial to get an accurate estimate early in your search, as higher taxes can reduce the loan amount you qualify for.
Are USDA Rural Development loans available for homes in the Huntingdon, PA area?
Absolutely. Much of Huntingdon County, including areas just outside the borough limits, is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a popular and advantageous program for buyers looking at single-family homes in the more rural parts of the area. A local mortgage officer can confirm the specific eligibility of any property address.
How do appraisals work for Huntingdon's mix of historic homes and newer constructions?
Appraisals here require local expertise. For historic homes in the borough, appraisers must find appropriate comparable sales, which can be challenging and may affect the valuation. For newer constructions in developments like Stonecrest, the process is more straightforward. It's wise to work with a lender who uses appraisers familiar with the diverse Huntingdon market to ensure a fair and accurate property valuation.
Why Choose a Mortgage Lender in Huntingdon?
Local Market Knowledge
Lenders who understand Huntingdon'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 Huntingdon and get competitive rates on your home loan.