The Best Mortgage Lenders in Lewisville, PA
Compare verified mortgage lenders serving Lewisville, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lewisville
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is highly rated for its exceptional customer service, competitive interest rates, and wide range of loan options. With a strong local presence in Pennsylvania, they are known for quick loan processing, personalized guidance, and a commitment to helping borrowers in Lewisville and surrounding areas achieve homeownership efficiently. Their experienced loan officers provide tailored solutions for first-time homebuyers and refinancing needs.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated lender praised for transparency, low rates, and excellent communication throughout the mortgage process. They have a robust regional presence in Pennsylvania, with local experts serving Lewisville and nearby communities. Customers appreciate their straightforward approach, flexibility in loan products, and dedication to closing loans on time, making them a reliable choice for home purchases and refinances.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage stands out for its high customer satisfaction ratings, competitive rates, and innovative loan programs tailored to diverse needs. Serving Lewisville and the broader Pennsylvania region, they emphasize speed and efficiency with a focus on community engagement. Their local loan officers provide personalized service, making the mortgage process smooth and accessible for first-time buyers and those seeking refinancing options.
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Frequently Asked Questions
Common questions about mortgage lending in Lewisville, PA
What are the typical down payment requirements for homes in Lewisville, PA, and are there local programs to assist with this?
In Lewisville, typical down payments range from 3% for conventional loans to 3.5% for FHA loans, but local buyers should explore the Pennsylvania Housing Finance Agency (PHFA) programs. PHFA offers down payment and closing cost assistance grants, such as the Keystone Government Loan, which can be particularly helpful in Union County's competitive market where saving for a down payment is a common hurdle.
How does the rural location of Lewisville, PA, affect mortgage options and property eligibility?
Lewisville's location in rural Union County makes many properties eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a significant advantage for buyers looking at the area's farms and larger lots. However, it's crucial to have a lender verify the specific property's eligibility through the USDA's online mapping tool, as not every parcel may qualify.
Are property taxes in Lewisville, PA, typically escrowed into the mortgage payment, and what are the average rates?
Yes, lenders in Pennsylvania typically require an escrow account for property taxes. In Union County, where Lewisville is located, property tax rates are relatively moderate compared to more urban parts of the state, but the exact millage rate depends on the specific township and school district. Your lender will calculate this into your monthly payment, and it's wise to budget for potential reassessments after purchase.
What local or state first-time homebuyer programs are most beneficial for someone buying in Lewisville?
The PHFA's Keystone Home Loan programs are the most beneficial for first-time buyers in Lewisville. These include favorable interest rates and the optional Keystone Assistance Loan for down payment and closing costs, which is a zero-interest, forgivable second mortgage. Given Lewisville's more affordable price point compared to major metros, these programs can make homeownership very accessible for qualifying buyers.
How do well and septic systems, common in Lewisville, impact the mortgage process?
Since many Lewisville homes are not on public water and sewer, lenders will require a satisfactory water quality test and a septic system inspection as a condition for loan approval. These tests ensure the systems are safe and functional, protecting both the buyer and the lender. It's essential to factor the cost of these inspections (typically a few hundred dollars) into your closing budget.
Nearby Cities
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Why Choose a Mortgage Lender in Lewisville?
Local Market Knowledge
Lenders who understand Lewisville'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 Lewisville and get competitive rates on your home loan.