The Best Mortgage Lenders in Lehman, PA
Compare verified mortgage lenders serving Lehman, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lehman
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender known for its exceptional customer service, competitive rates, and efficient digital mortgage process. With a strong presence in Pennsylvania, they specialize in various loan types and have a reputation for quick closings and personalized support. Their community involvement and high customer satisfaction scores make them a reliable choice for homebuyers in the Lehman area.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is highly regarded for its competitive rates, extensive loan options, and dedicated local service. With decades of experience, they have a proven track record of helping borrowers in Northeastern Pennsylvania, including Lehman, achieve their homeownership goals. Their emphasis on education and transparency ensures a smooth mortgage experience.
Loan Types:
LoanDepot
LoanDepot, LLC
LoanDepot offers a versatile range of mortgage products with a focus on technology-driven solutions and competitive pricing. As a national lender with a strong regional presence, they serve the Lehman area with efficiency and reliability. Their high customer ratings reflect a commitment to seamless processes and excellent support, making them a trusted option for various financing needs.
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Frequently Asked Questions
Common questions about mortgage lending in Lehman, PA
What are the typical down payment requirements for a home in Lehman, PA, given its rural setting?
For most conventional loans in Lehman, a 5-20% down payment is standard, but the area's more affordable home prices can make saving for this more attainable. Importantly, because Lehman and Luzerne County are designated as "rural" by the USDA, many buyers may qualify for a USDA loan, which requires **0% down payment**. Local lenders are very familiar with this popular program for the area.
Are there any local or county-specific first-time homebuyer programs available in Lehman?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like Keystone Home Loan and down payment assistance that are accessible in Lehman. Additionally, the **Luzerne County HOME Consortium** periodically offers grants for down payment and closing cost assistance to income-eligible first-time buyers specifically within the county, which includes Lehman. Checking with a local lender for current funding availability is key.
How do property taxes in Lehman Township and the Lake-Lehman School District impact my mortgage qualification?
Property taxes in Lehman are a significant part of your monthly payment and debt-to-income ratio calculation. The Lake-Lehman School District tax rate is a major component. Your lender will use the specific millage rates for the township and school district to accurately calculate your escrow payment, which can affect the loan amount you qualify for compared to other regions with lower taxes.
Does the prevalence of older homes and larger lots in Lehman affect the mortgage appraisal process?
Absolutely. Appraisals for older homes common in the area will pay close attention to the condition of major systems (roof, HVAC, foundation) and may require repairs for loan approval. For properties with large, non-standard lots, the appraiser must find comparable sales ("comps") with similar acreage, which can sometimes be challenging in a rural market and may impact the final valuation.
What should I know about getting a mortgage for a property with well and septic in Lehman?
Lenders will require water quality and quantity tests for well water and a satisfactory septic inspection as standard loan conditions. These tests are the buyer's responsibility and must meet state and county health standards. Failing these tests can jeopardize loan approval, so it's crucial to factor the cost and potential outcomes of these inspections into your purchase contract.
Why Choose a Mortgage Lender in Lehman?
Local Market Knowledge
Lenders who understand Lehman'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 Lehman and get competitive rates on your home loan.