The Best Mortgage Lenders in Luzerne, PA
Compare verified mortgage lenders serving Luzerne, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Luzerne
Featured Mortgage Lenders
FNCB Bank Mortgage Team
FNCB Bank
FNCB Bank has been serving Northeastern Pennsylvania for over a century with deep roots in Luzerne County. As a community-focused bank, they offer personalized mortgage services with local decision-making and competitive rates. Their mortgage team receives exceptional reviews for their responsiveness, expertise with first-time homebuyer programs, and seamless closing processes. Their strong local presence includes multiple branches throughout Luzerne County, making them a trusted choice for residential mortgages in the area.
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Primary Residential Mortgage, Inc.
Primary Residential Mortgage, Inc.
This locally-owned mortgage branch located right in Luzerne has built an outstanding reputation for exceptional customer service and competitive mortgage solutions. They specialize in guiding borrowers through the entire mortgage process with personalized attention and local market expertise. With hundreds of 5-star reviews praising their responsiveness, transparency, and ability to secure favorable terms, they're particularly noted for their expertise with first-time homebuyer programs and streamlined refinancing options throughout Luzerne County.
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First Heritage Mortgage
First Heritage Mortgage
Serving the entire Northeastern Pennsylvania region including Luzerne County, First Heritage Mortgage has built a strong reputation for competitive rates and exceptional customer service. They offer a comprehensive range of mortgage products with particular expertise in construction loans and jumbo mortgages. Their local loan officers have extensive knowledge of the Luzerne County market and receive consistent praise for their communication throughout the lending process, attention to detail, and ability to meet tight closing deadlines.
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Frequently Asked Questions
Common questions about mortgage lending in Luzerne, PA
What are the current mortgage rates like in Luzerne, PA, and how do they compare to the national average?
Mortgage rates in Luzerne typically align closely with national averages, but local lenders may offer competitive rates due to the area's stable, moderate-cost housing market. It's common to see rates slightly below the national average for well-qualified buyers, especially when using local credit unions or community banks that have strong ties to the region. Shopping around with both local and national lenders is key to securing the best rate.
Are there any special first-time homebuyer programs available specifically for Luzerne County residents?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan Program and Keystone Government Loan Program, which are accessible to Luzerne County buyers and provide competitive rates and down payment assistance. Additionally, the PHFA's HOMEstead Down Payment and Closing Cost Assistance program can offer up to $10,000 in assistance for eligible first-time buyers in Luzerne, making homeownership more accessible in the county's affordable market.
How does Luzerne County's property tax structure impact my monthly mortgage payment?
Luzerne County has a property tax rate that is generally considered moderate for Pennsylvania, but it varies by specific municipality and school district (like Wilkes-Barre Area or Hazleton Area). Your lender will calculate an escrow payment for taxes as part of your monthly mortgage, so it's crucial to get an accurate tax estimate for the specific property. Higher taxes in certain boroughs can significantly affect your total monthly housing cost.
What should I know about getting a mortgage for a home in Luzerne's older housing stock, like in Wilkes-Barre or Pittston?
Purchasing a home built before 1978 in Luzerne's historic cities often requires a thorough home inspection and may involve FHA 203(k) renovation loans if updates are needed. Lenders will pay close attention to the condition of major systems like plumbing, electrical, and roofing. It's advisable to work with a local lender familiar with appraising and financing older properties common in the area.
Are there any local mortgage incentives for buying in specific revitalization areas of Luzerne County, such as downtown Wilkes-Barre?
While not always mortgage-specific, programs like the City of Wilkes-Barre's First-Time Homebuyer Program offer closing cost grants for properties within the city. Furthermore, targeted neighborhood revitalization efforts can sometimes partner with local lenders for favorable terms. Checking with the Luzerne County Office of Community Development or the Greater Wilkes-Barre Chamber can reveal current incentives for buying in designated development zones.
Why Choose a Mortgage Lender in Luzerne?
Local Market Knowledge
Lenders who understand Luzerne'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 Luzerne and get competitive rates on your home loan.