The Best Mortgage Lenders in Irvona, PA
Compare verified mortgage lenders serving Irvona, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Irvona
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. With over 28 years in business, they have built a strong reputation in Pennsylvania, including serving rural areas like Irvona. They offer a wide range of loan products and are praised for their efficient processing and personalized support, making them a reliable choice for homebuyers in the region.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender with a strong presence in Pennsylvania, including service to Irvona. Founded in 2003, they are recognized for their competitive rates, diverse loan options, and commitment to customer satisfaction. They specialize in helping borrowers with unique financial situations and have numerous positive reviews for their responsive and knowledgeable team.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its fast closings and excellent customer service. Although based in North Carolina, they actively serve Pennsylvania communities like Irvona through their online and local agent networks. Founded in 2008, they offer a variety of loan products and are praised for their transparency and community involvement, making them a trusted option for home financing.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Irvona, PA
What are the typical mortgage rates available for homebuyers in Irvona, PA?
Mortgage rates in Irvona are generally aligned with national averages, but local lenders may offer competitive rates due to the rural nature of Clearfield County. It's common to see slightly lower rates for conventional loans compared to larger cities, but shopping around with local credit unions like AmeriServ Financial or First Commonwealth Bank is key. Your specific rate will depend heavily on your credit score and down payment.
Are there any local or county-specific down payment assistance programs for first-time homebuyers in Irvona?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like Keystone Home Loan and Keystone Government Loans, which are accessible to Irvona buyers. Additionally, Clearfield County may have occasional local grants or soft-second loan programs; checking with the Clearfield County Housing Authority is highly recommended to learn about any hyper-local assistance for low-to-moderate income buyers.
How does the rural property appraisal process work for mortgages in Irvona, and are there any unique challenges?
Appraising rural properties in Irvona can be challenging due to fewer comparable home sales ("comps") in the immediate area. Lenders often require appraisers familiar with the region who can properly value land, wells, septic systems, and unique property features. This process can sometimes take longer than in urban areas, so it's important to build extra time into your purchase contract contingency period.
What type of mortgage is most common for purchasing older or historic homes in Irvona's housing stock?
For Irvona's many older homes, a conventional mortgage or an FHA 203(k) Rehabilitation Loan is often the best fit. The FHA 203(k) loan is particularly useful as it allows you to finance both the purchase price and the cost of necessary renovations into one mortgage, which is ideal for updating older properties that may need repairs to meet lending standards.
Are USDA Rural Development loans a viable option for mortgages in Irvona, PA?
Absolutely. Given Irvona's location, most of the area qualifies for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is a highly attractive program for the area, but the home must meet specific USDA property eligibility and safety standards, and the buyer's income must not exceed the limits for Clearfield County.
Why Choose a Mortgage Lender in Irvona?
Local Market Knowledge
Lenders who understand Irvona'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 Irvona and get competitive rates on your home loan.