The Best Mortgage Lenders in Lakewood, PA
Compare verified mortgage lenders serving Lakewood, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lakewood
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly-rated national mortgage lender with a strong local presence in northeastern Pennsylvania, including service to Lakewood. Known for its competitive rates and efficient online platform, the company excels in customer satisfaction with a 4.5-star rating from over 200 reviews. Founded in 2000, it offers a wide range of loan products and personalized service through its Scranton office, making it a top choice for homebuyers in the area due to its reliability and extensive experience.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a reputable lender serving Lakewood and the broader northeastern PA region with a focus on community-oriented service. With a 4.6-star rating and 28 years of experience, it is praised for its knowledgeable loan officers and flexible loan options, including programs for first-time homebuyers. The Scranton branch provides local expertise, competitive rates, and a commitment to customer satisfaction, backed by hundreds of positive reviews.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated national lender with a strong regional presence in Pennsylvania, including Lakewood. Founded in 2008, it has built a reputation for fast closings, excellent customer service, and a wide array of loan products, earning a 4.7-star rating. Though based in South Carolina, its dedicated agents serve northeastern PA with personalized support, making it a reliable option for homebuyers seeking competitive rates and a streamlined mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Lakewood, PA
What are the current mortgage rates like in Lakewood, PA compared to the national average?
Mortgage rates in Lakewood, PA, are typically very close to the national average, as it's a smaller market influenced by broader economic trends. However, local credit unions like Northwest Savings Bank or Marquette Savings Bank may occasionally offer competitive promotional rates. It's always wise to compare offers from both local and national lenders to secure the best rate for your situation.
Are there any special down payment assistance programs for first-time homebuyers in Lakewood?
Yes, first-time homebuyers in Lakewood can access Pennsylvania's statewide PHFA (Pennsylvania Housing Finance Agency) programs, which offer down payment and closing cost assistance. Additionally, the Warren County Community Action Agency may have local grants or counseling services. Eligibility often depends on income and the purchase price of the home, which in Lakewood's market is generally very affordable.
How does the appraisal process work for a home in a rural area like Lakewood?
Appraisals in Lakewood and surrounding Warren County can be more complex due to the rural nature and unique properties, including older homes, land, and manufactured homes. Lenders often require appraisers familiar with the local market to find accurate comparable sales ("comps"), which may come from a wider geographic area. This process can sometimes take longer than in urban markets.
What type of property insurance considerations are unique to getting a mortgage in Lakewood, PA?
Due to Lakewood's location in the Allegheny National Forest region, lenders will require standard homeowners insurance, but you may also need to consider additional coverage. Depending on the specific property, you might need a separate policy for a septic system or a well, and flood insurance could be a requirement if the home is in a designated flood zone near the Allegheny River or its tributaries.
Are USDA loans a common and good option for mortgages in Lakewood?
USDA Rural Development loans are an excellent and very common option in Lakewood, as most of Warren County is eligible for this $0-down-payment program. Given the area's rural designation, many buyers can qualify to finance homes with no money down, provided they meet income eligibility limits and the property passes a USDA appraisal. This is a major advantage for buyers in this market.
Nearby Cities
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Why Choose a Mortgage Lender in Lakewood?
Local Market Knowledge
Lenders who understand Lakewood'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 Lakewood and get competitive rates on your home loan.