The Best Mortgage Lenders in Lehigh Valley, PA
Compare verified mortgage lenders serving Lehigh Valley, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lehigh Valley
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender in Lehigh Valley known for its exceptional customer service and competitive rates. With nearly three decades of experience, they specialize in a wide range of loan products and have a strong local presence through their Allentown office. They are highly regarded for their personalized approach, fast closings, and high customer satisfaction scores, making them a trusted choice for homebuyers in the region.
Loan Types:
American Pacific Mortgage
American Pacific Mortgage
American Pacific Mortgage has built a stellar reputation in Lehigh Valley for its reliable and efficient mortgage services. Founded in 1996, they offer comprehensive loan options with a focus on first-time homebuyers and competitive financing solutions. Their Bethlehem office provides local expertise, and they are praised for their transparent processes, knowledgeable staff, and high customer retention rates, ensuring a smooth homebuying experience.
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Caliber Home Loans
Caliber Home Loans
Caliber Home Loans is a highly respected mortgage lender serving Lehigh Valley with a focus on flexibility and customer-centric solutions. Established in 2008, they offer a diverse portfolio of loan products and are known for their competitive rates and efficient service. Their Easton location allows for personalized local support, and they have consistently high ratings for their responsiveness, expertise, and ability to handle complex mortgage scenarios.
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Frequently Asked Questions
Common questions about mortgage lending in Lehigh Valley, PA
What first-time homebuyer programs are specifically available in Lehigh Valley, PA?
Lehigh Valley homebuyers have access to several key programs, including the Pennsylvania Housing Finance Agency (PHFA) Keystone Home Loan program, which offers competitive rates and down payment/closing cost assistance. Additionally, the City of Allentown offers the HOME Investment Partnership Program for income-eligible buyers purchasing within city limits, providing forgivable loans for down payment assistance.
How do property tax rates in Lehigh Valley counties affect my mortgage payment and qualification?
Property tax rates vary significantly across Lehigh (1.53% avg.), Northampton (1.49% avg.), and Carbon counties, directly impacting your monthly PITI payment. Lenders will calculate these taxes into your debt-to-income ratio, and the higher effective tax burden in the Valley compared to national averages can sometimes reduce the loan amount you qualify for, making accurate escrow estimates crucial.
Are there specific mortgage considerations for buying a historic home in Bethlehem or other older Lehigh Valley neighborhoods?
Yes, purchasing a historic home often requires a specialized renovation loan like the FHA 203(k) or Fannie Mae HomeStyle® loan, as many conventional lenders have strict appraisal requirements for older systems (like knob-and-tube wiring or older roofs). It's also wise to work with a local lender familiar with Bethlehem's Historic District regulations, as some exterior modifications that affect the mortgage's collateral value may require commission approval.
What is the typical down payment needed for a home in Lehigh Valley's current competitive market?
While 20% down is ideal to avoid PMI, many buyers in the Lehigh Valley's competitive market are successfully purchasing with 3-5% down using conventional loans or 3.5% with FHA loans. However, to make a strong offer in multiple-bid situations common in areas like Lower Macungie or Hanover Township, having a larger down payment (10% or more) can significantly strengthen your offer's appeal to sellers.
Does Lehigh Valley's status as a MSA (Metropolitan Statistical Area) affect available loan programs or limits?
Yes, Lehigh Valley's MSA designation means it conforms to the standard baseline loan limits set by the FHFA, which for 2024 is $766,550 for a single-family home. However, certain high-demand zip codes may not have special "high-cost area" adjustments. Jumbo loans are available for properties above this limit, which are becoming more common in premium suburbs, and local lenders are well-versed in structuring them for the Valley's market.
Nearby Cities
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Why Choose a Mortgage Lender in Lehigh Valley?
Local Market Knowledge
Lenders who understand Lehigh Valley'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 Lehigh Valley and get competitive rates on your home loan.