The Best Mortgage Lenders in Intercourse, PA
Compare verified mortgage lenders serving Intercourse, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Intercourse
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, serving Intercourse and Lancaster County with a strong local presence. Founded in 1996, it has built a reputation for reliability, offering a wide range of loan options and personalized support. With high ratings on platforms like Zillow and Google, it is praised for its efficient processing, transparency, and community involvement, making it a trusted choice for homebuyers in the area.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly reputable lender with a solid track record in serving Intercourse and the broader Lancaster region. Established in 2003, it offers competitive mortgage solutions and is acclaimed for its customer-centric approach, including flexible loan programs and dedicated local advisors. With numerous positive reviews highlighting its responsiveness and expertise, it maintains strong compliance and community ties, ensuring a smooth home financing experience for residents.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized lender with a strong regional presence in Pennsylvania, including service to Intercourse. Founded in 2003, it is praised for its innovative technology, diverse loan products, and commitment to minority and first-time homebuyer programs. With high customer satisfaction ratings and a focus on competitive rates, it provides reliable, efficient service backed by extensive experience and positive feedback from local homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Intercourse, PA
Are there any special mortgage considerations for buying a home in Intercourse, PA, given its location in Lancaster County's Amish country?
Yes, a key consideration is properties with accessory dwelling units (ADUs) or "Dawdi Haus" (grandfather house) structures common in the area. Lenders will need to appraise these properties carefully, as the additional unit can add value but may also come with unique easements or usage restrictions. It's also important to confirm if a property has public sewer/water or uses a septic and well system, as this can affect loan eligibility and appraisal.
What first-time homebuyer programs are specifically available to residents of Intercourse, PA?
Homebuyers in Intercourse can access Pennsylvania's statewide PHFA (Pennsylvania Housing Finance Agency) programs, which offer competitive rates, down payment and closing cost assistance, and special loans like the Keystone Government Loan. Additionally, Lancaster County's Redevelopment Authority sometimes offers local down payment assistance grants. Working with a lender familiar with both state and county programs is crucial to maximize benefits.
How do property tax rates in Intercourse, PA, impact my mortgage affordability?
Property taxes in Intercourse, which is in East Lampeter Township, are a significant factor. Lancaster County has relatively high property tax rates compared to national averages, which increases your total monthly housing payment (PITI). When getting pre-approved, lenders will use the specific township and school district (Penn Manor) millage rates to calculate your escrow, so budget accordingly as taxes can add several hundred dollars to your monthly payment.
Are USDA Rural Development loans available for homes in Intercourse, Pennsylvania?
Yes, Intercourse, PA, is eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a major advantage for eligible buyers in the area, as the property must be located in a USDA-designated rural area. Given Intercourse's setting, many properties qualify, making homeownership more accessible. Income limits do apply, so check with your lender to confirm your eligibility.
What is a common appraisal challenge for mortgages on older homes in Intercourse?
A frequent issue is appraising historic or older farmhouse-style homes common in the area. Appraisers must find comparable sales ("comps") that are truly similar, which can be challenging if the home has unique Amish-built features, outbuildings, or significant acreage. This can sometimes lead to appraisal gaps. Using a local lender with appraisers experienced in Lancaster County's unique market is highly recommended to navigate this process smoothly.
Why Choose a Mortgage Lender in Intercourse?
Local Market Knowledge
Lenders who understand Intercourse'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 Intercourse and get competitive rates on your home loan.