The Best Mortgage Lenders in Lewisburg, PA
Compare verified mortgage lenders serving Lewisburg, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lewisburg
Featured Mortgage Lenders
Members 1st Federal Credit Union
Members 1st Federal Credit Union
Members 1st Federal Credit Union is a top-rated lender deeply embedded in central Pennsylvania, with a strong branch presence in Lewisburg. Known for exceptional customer service, competitive rates, and a member-focused approach, they offer a wide array of mortgage products tailored to first-time homebuyers, veterans, and refinancers. Their long-standing community involvement and high satisfaction scores make them a trusted choice for local residents.
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Fulton Bank
Fulton Bank
Fulton Bank is a well-established regional bank with a significant presence in Lewisburg, offering reliable mortgage services backed by decades of experience. They provide personalized lending solutions, competitive rates, and local decision-making, which appeals to homebuyers seeking stability and community-oriented service. Their extensive loan options and strong customer reviews highlight their commitment to excellence in the Susquehanna Valley region.
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First National Bank of Pennsylvania
First National Bank of Pennsylvania
First National Bank of Pennsylvania is a reputable lender with a strong foothold in Lewisburg, known for its comprehensive mortgage products and customer-centric approach. They excel in providing flexible loan terms, competitive interest rates, and efficient processing, supported by positive feedback from local homebuyers. Their deep regional roots and consistent high ratings make them a dependable option for mortgages in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Lewisburg, PA
Are there any special first-time homebuyer programs available in Lewisburg, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan program and the Keystone Government Loan program, which are widely used in Lewisburg. These programs provide competitive interest rates, down payment and closing cost assistance, and are particularly beneficial for buyers in the area's moderate price range. Local lenders are very familiar with these programs and can guide you through the application process.
How does the presence of Bucknell University impact the mortgage and housing market in Lewisburg?
Bucknell University creates a stable demand for housing, supporting property values, but also introduces a competitive rental market. For a primary residence mortgage, lenders will view the stable local economy positively. However, if you're considering purchasing an investment property to rent to students or faculty, you may need a larger down payment and face stricter lender requirements for non-owner-occupied financing.
What are typical property taxes for a home in Lewisburg, and how do they affect my mortgage?
Property taxes in Union County, where Lewisburg is located, are relatively moderate compared to other parts of Pennsylvania. The annual millage rate for 2024 is approximately 23 mills for the county, plus local borough and school district taxes. Your lender will escrow these taxes as part of your monthly mortgage payment, so it's crucial to factor this into your total housing budget when looking at homes in different neighborhoods.
Are USDA rural development loans available for homes in or near Lewisburg, PA?
Yes, many areas in and around Lewisburg are eligible for USDA Rural Development loans, which offer 100% financing (no down payment). While the borough itself may have some eligible census tracts, the surrounding townships in Union County are almost universally eligible. This can be an excellent option for buyers seeking a home with more land just outside the borough limits.
How does the historic district in downtown Lewisburg affect the mortgage process?
Purchasing a home in Lewisburg's Historic District does not directly change the mortgage process, but it introduces important considerations. Lenders will require a thorough appraisal, and if the home needs significant updates, you may need a renovation loan like the FHA 203(k). Additionally, you should be aware that any exterior modifications will need approval from the Lewisburg Historic Architectural Review Board (HARB), which can impact renovation plans and costs.
Why Choose a Mortgage Lender in Lewisburg?
Local Market Knowledge
Lenders who understand Lewisburg'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 Lewisburg and get competitive rates on your home loan.