The Best Mortgage Lenders in Martinsburg, PA
Compare verified mortgage lenders serving Martinsburg, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Martinsburg
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in central Pennsylvania, including service to Martinsburg. Known for its innovative digital mortgage platform and competitive rates, the company has earned high customer satisfaction for its efficient processing and personalized service. With over two decades of experience, they offer a wide range of loan products and have consistently high ratings for transparency and reliability. Their State College office provides convenient access for Blair County residents, backed by hundreds of positive reviews highlighting quick closings and expert guidance.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly regarded lender with a dedicated office in Altoona, serving Martinsburg and the broader Blair County area. Founded with a focus on community engagement and customer service, they boast strong ratings for their responsive loan officers and streamlined application process. Specializing in various loan types, including first-time homebuyer programs, they have built a reputation for competitive rates and local expertise. With nearly two decades in business, they maintain a solid track record of satisfied customers, emphasizing reliability and support throughout the mortgage journey.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a premier lender with a robust presence in central Pennsylvania, including Martinsburg, known for its exceptional customer service and extensive loan options. With over 25 years of experience, they have earned high ratings for their knowledgeable staff and commitment to finding the best solutions for borrowers. They excel in offering competitive rates and flexible terms, supported by a strong local team in Altoona. Their dedication to community involvement and customer satisfaction is reflected in numerous positive reviews, making them a trusted choice for home financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Martinsburg, PA
What are typical mortgage rates for homebuyers in Martinsburg, PA, and how do they compare to state averages?
Mortgage rates in Martinsburg generally align with national and Pennsylvania averages, but local lenders may offer competitive terms due to the area's stable, rural housing market. It's wise to compare offers from local credit unions like S&T Bank or community banks, as they often have strong ties to the region and may provide favorable rates for qualified buyers, sometimes slightly below rates in more urban Pennsylvania markets.
Are there any down payment assistance programs specifically for buyers in Blair County or Martinsburg?
Yes, first-time homebuyers in Martinsburg can explore the Pennsylvania Housing Finance Agency (PHFA) programs, which are accessible statewide, including the Keystone Home Loan and the Keystone Government Loan. Additionally, the Blair County Community Action Program may offer local counseling and could have information on grants or soft-second loans for income-eligible buyers purchasing within the county.
How does the appraisal process work in Martinsburg given its mix of historic homes and newer properties?
Appraisals in Martinsburg require appraisers familiar with the local market's unique composition, from historic homes in the borough to newer constructions in surrounding townships. They will compare your property to recent sales of similar homes in Blair County, paying close attention to condition, updates, and lot size. Unique or historic properties may require an appraiser with specific expertise to ensure an accurate valuation.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Martinsburg?
Your mortgage payment will include escrow for property taxes set by Blair County, Morrisons Cove School District, and Martinsburg Borough, which are generally moderate compared to urban areas. Insurance should account for standard homeowners coverage, and depending on the property's location, you may want to consider additional coverage for older systems in historic homes or for properties on well and septic systems common in the area.
Are USDA Rural Development loans a viable option for mortgages in the Martinsburg area?
Absolutely. Martinsburg and much of the surrounding region in Blair County are eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a popular and practical option for many buyers in this area, as it targets communities with smaller populations, making homeownership more accessible for those who meet the income and property location eligibility requirements.
Nearby Cities
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Why Choose a Mortgage Lender in Martinsburg?
Local Market Knowledge
Lenders who understand Martinsburg'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 Martinsburg and get competitive rates on your home loan.