The Best Mortgage Lenders in Johnstown, PA
Compare verified mortgage lenders serving Johnstown, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Johnstown
Featured Mortgage Lenders
Mortgage Department
PennCrest Credit Union
PennCrest Credit Union stands as Johnstown's premier local mortgage lender with deep community roots spanning over 65 years. As a member-owned financial cooperative, they offer highly competitive rates and personalized service that consistently earns exceptional customer satisfaction ratings. Their mortgage team provides comprehensive guidance through the entire home financing process, with particular expertise in first-time homebuyer programs and government-backed loans. The credit union's local decision-making and community-focused approach make them a top choice for Johnstown area homebuyers seeking trustworthy, reliable mortgage services.
Loan Types:
Mortgage Center
AmeriServ Financial
AmeriServ Financial has been a cornerstone of the Johnstown banking community for decades, offering comprehensive mortgage services through their local branches. As a community bank with deep regional presence, they provide the personalized service of a local institution combined with the resources of an established financial organization. Their mortgage specialists are praised for their responsiveness and expertise in navigating complex financing situations. AmeriServ excels in construction lending and offers competitive conventional and government loan programs, making them particularly valuable for buyers seeking custom home construction or renovation financing in the Johnstown area.
Loan Types:
Mortgage Division
Union Home Mortgage
While based in nearby Hollidaysburg, Union Home Mortgage maintains a strong presence throughout the Johnstown region with dedicated local loan officers who understand the specific market dynamics of Cambria County. This established mortgage lender brings over 50 years of industry experience and national lending capabilities while providing localized service. They receive consistently high marks for their efficient processing, competitive rates, and exceptional customer communication throughout the loan process. Union Home Mortgage specializes in diverse loan products including investment property financing and jumbo loans, offering Johnstown residents access to sophisticated mortgage solutions with local expertise.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Johnstown, PA
Are there any special mortgage programs for first-time homebuyers in Johnstown, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan program and the Keystone Government Loan program, which are widely accessible in Johnstown. These programs provide competitive interest rates, down payment and closing cost assistance, and have income and purchase price limits that align well with the Johnstown housing market. Local lenders are very familiar with these programs.
How does Johnstown's lower-than-average home price affect my mortgage options?
Johnstown's affordable median home price (often below $100,000) expands your options, as you may qualify for a conventional loan with a smaller down payment. However, some lenders have minimum loan amounts (often $50,000-$75,000), so if you're looking at a very low-priced home, you may need to seek out local community banks or credit unions that are more flexible with smaller mortgage amounts.
What should I know about property taxes in Johnstown when calculating my monthly mortgage payment?
Property taxes in Cambria County and the City of Johnstown are a significant component of your escrow payment. While home values are low, the millage rates are relatively high. It's crucial to get an accurate tax estimate from your realtor or lender, as taxes on a $90,000 home can still be $1,500-$2,000+ annually, which impacts your debt-to-income ratio and overall affordability.
Are there local grants or assistance programs for home repairs or renovations in Johnstown?
Yes, the City of Johnstown administers the Community Development Block Grant (CDBG) program, which sometimes includes homeowner rehabilitation assistance for eligible low-to-moderate income residents. Additionally, the Pennsylvania Whole-Home Repairs Program, when funded, can be accessed through local agencies like the Cambria County Community Action Council for critical repairs, which can be important for the city's older housing stock.
Do lenders in Johnstown have specific requirements for appraisals due to the older housing stock?
Yes, given the prevalence of historic and older homes in Johnstown, appraisals can be more detailed. Lenders will require that the home meets basic safety and habitability standards, and appraisers will pay close attention to the condition of major systems like plumbing, electrical, and roofing. An FHA 203(k) renovation loan might be a useful product to consider if a home needs significant updates to be financeable.
Why Choose a Mortgage Lender in Johnstown?
Local Market Knowledge
Lenders who understand Johnstown'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 Johnstown and get competitive rates on your home loan.