The Best Mortgage Lenders in Lewistown, PA
Compare verified mortgage lenders serving Lewistown, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lewistown
Featured Mortgage Lenders
Fulton Mortgage Company
Fulton Bank, N.A.
Fulton Mortgage Company stands as one of Central Pennsylvania's most trusted mortgage lenders with deep roots in the region. As the mortgage division of Fulton Bank, they bring over 140 years of banking experience to Lewistown homebuyers. Their local loan officers understand the unique Mifflin County market and offer personalized service with competitive rates. They excel in first-time homebuyer programs, rural development loans perfect for the Lewistown area, and have strong relationships with local real estate professionals. Their combination of local decision-making with institutional stability makes them a top choice for Mifflin County residents.
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First Commonwealth Federal Credit Union
First Commonwealth Federal Credit Union
First Commonwealth FCU has built an outstanding reputation across Pennsylvania for mortgage lending, particularly serving communities like Lewistown through their statewide presence. As a credit union, they offer member-focused service with typically lower fees and competitive interest rates. Their mortgage specialists are praised for guiding borrowers through the entire process with exceptional communication and transparency. They offer special first-time homebuyer programs and have expertise with rural properties common in the Lewistown area. Their digital mortgage application process is user-friendly while maintaining personalized local service.
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Rocket Mortgage
Rocket Mortgage, LLC
While based in Michigan, Rocket Mortgage serves Lewistown homeowners with their nationally recognized digital mortgage platform that combines technology with expert guidance. They consistently earn top ratings for their streamlined online application process, quick approval times, and competitive rate offerings. Their mortgage bankers provide personalized service for Lewistown borrowers while leveraging their massive scale to offer competitive pricing. They excel in both purchase mortgages and refinancing, with particular strength in VA loans and first-time homebuyer programs. Their 24/7 availability and transparent process make them a popular choice for modern homebuyers in Central Pennsylvania.
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Frequently Asked Questions
Common questions about mortgage lending in Lewistown, PA
Are there any special mortgage programs for first-time homebuyers in Lewistown, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers several programs, including the Keystone Home Loan and Keystone Government Loan, which are widely used in Lewistown. These programs often feature below-market interest rates, down payment and closing cost assistance, and are particularly beneficial given Mifflin County's median income levels. A local lender familiar with PHFA can guide you through the specific eligibility requirements and application process.
How does Lewistown's stable but slower-paced housing market affect the mortgage process?
Lewistown's market is less competitive than major metros, which can give buyers more time to secure financing and negotiate. Appraisals are generally straightforward as comparable home sales are consistent, but it's crucial to work with an appraiser familiar with Mifflin County's unique mix of historic homes and newer constructions. The slower pace reduces the likelihood of bidding wars that require waived contingencies.
What should I know about getting a mortgage for a historic home in Lewistown's downtown area?
Financing a historic property in areas like the Historic District may require a specialized appraisal to accurately assess its value. While conventional loans can be used, some lenders may have stricter requirements regarding the home's condition. It's advisable to seek a lender with experience in older Pennsylvania homes and to budget for a thorough inspection, as insurance and renovation loans for historic properties can differ.
Are USDA rural development loans available for homes in or near Lewistown, PA?
Absolutely. Much of Mifflin County, including areas on the outskirts of Lewistown, is eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is a popular option for buyers looking at properties in the surrounding townships. A local mortgage officer can confirm the specific eligibility of a property's address through the USDA eligibility map.
What are typical closing costs for a mortgage in Mifflin County, and are there local grants to help?
Closing costs in Mifflin County typically range from 2% to 5% of the loan amount. Beyond state programs, local assistance can sometimes be found through the Mifflin County Industrial Development Corporation or community banks, which may offer grants or special lending products for low-to-moderate income buyers. Always ask your lender about any county-specific or lender-specific closing cost assistance programs.
Why Choose a Mortgage Lender in Lewistown?
Local Market Knowledge
Lenders who understand Lewistown'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 Lewistown and get competitive rates on your home loan.