The Best Mortgage Lenders in Lemont, PA
Compare verified mortgage lenders serving Lemont, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lemont
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender known for its competitive rates, efficient online application process, and exceptional customer service. With over two decades of experience, they offer a wide range of loan products and have a strong presence in Pennsylvania, including Lemont. Their high ratings stem from transparency, quick closings, and personalized support, making them a reliable choice for homebuyers in the area.
Loan Types:
New American Funding
New American Funding
New American Funding is highly regarded for its customer-centric approach and diverse loan options, including programs for first-time homebuyers and underserved communities. With excellent ratings and over 20 years in business, they serve Lemont through a network of local loan officers, offering competitive rates and dedicated support. Their commitment to education and flexible underwriting has earned them a reputation for high satisfaction and reliability in Pennsylvania.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage combines national resources with local expertise, providing tailored mortgage solutions for Lemont residents. Founded in 2003, they have built a strong track record for reliability, competitive rates, and excellent customer service. Their extensive loan portfolio and personalized approach, supported by local loan officers in Pennsylvania, ensure a smooth homebuying experience, contributing to their high ratings and positive reviews.
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Frequently Asked Questions
Common questions about mortgage lending in Lemont, PA
What are the typical down payment requirements for homes in Lemont, PA, given its market?
For most conventional loans in Lemont, a 20% down payment is standard to avoid private mortgage insurance (PMI), but many lenders offer programs with as little as 3-5% down. Given Lemont's proximity to State College and Penn State University, which can influence prices, a local lender can help you assess if you qualify for a low-down-payment loan based on your income and the specific property's value.
Are there any local or county-specific first-time homebuyer assistance programs available in Centre County for Lemont buyers?
Yes, the Centre County Housing and Land Trust (CCHLT) offers the "Homeownership Starts Here" program, which provides down payment and closing cost assistance in the form of a deferred, forgivable loan to eligible first-time buyers in Centre County, including Lemont. Additionally, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like Keystone Home Loan PLUS, which are actively used by buyers in this area.
How does being in a university-adjacent town like Lemont (near Penn State) affect mortgage lending and property appraisal?
Lenders and appraisers are very familiar with the unique market dynamics of Centre County, where rental demand from students and faculty can impact property values. Appraisals will often look at comparable sales in Lemont, State College, and surrounding townships. Be prepared for potential fluctuations in property taxes and insurance, which lenders factor into your debt-to-income ratio.
What should I know about property taxes in Lemont when applying for a mortgage?
Lemont is located in Patton Township, Centre County, which has its own millage rate. Property taxes here are a significant part of the monthly escrow payment. Your lender will use the current tax rate to calculate your estimated payments, but it's wise to confirm with the township assessor's office, as taxes can be reassessed after a sale, potentially affecting your future monthly mortgage payment.
Are USDA Rural Development loans a viable option for mortgage financing in Lemont, PA?
While Lemont itself is a more developed village, certain eligible rural areas in surrounding Centre County may qualify for USDA loans, which offer 100% financing. However, given Lemont's location directly adjacent to State College, the specific property address must be checked for USDA eligibility. A local mortgage officer can quickly verify if a home in Lemont or the immediate area qualifies for this zero-down-payment program.
Nearby Cities
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Why Choose a Mortgage Lender in Lemont?
Local Market Knowledge
Lenders who understand Lemont'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 Lemont and get competitive rates on your home loan.