The Best Mortgage Lenders in Matamoras, PA
Compare verified mortgage lenders serving Matamoras, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Matamoras
Featured Mortgage Lenders
Wayne Bank Mortgage Department
Wayne Bank
Wayne Bank is a highly-rated community bank serving the Matamoras area with deep roots in northeastern Pennsylvania. With over 150 years of local banking experience, they offer personalized mortgage services and competitive rates. Their mortgage specialists provide one-on-one guidance through the entire home financing process, making them a top choice for Matamoras residents seeking local expertise and exceptional customer service.
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Hometown Lenders
Hometown Lenders, Inc.
Hometown Lenders has built an exceptional reputation in the Matamoras/Milford area with nearly perfect customer ratings. As a regional mortgage company with strong local presence, they specialize in providing customized mortgage solutions with competitive rates and exceptional service. Their team of experienced loan officers understands the unique aspects of the local real estate market and provides personalized attention throughout the lending process.
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Allied Mortgage Partners
Allied Mortgage Partners, LLC
Allied Mortgage Partners serves the entire Pocono Mountains region including Matamoras, offering comprehensive mortgage services with outstanding customer satisfaction ratings. As an independent mortgage broker, they work with multiple lenders to find the best rates and terms for each borrower's unique situation. Their experienced team provides personalized service and local market expertise, making them a trusted choice for Matamoras homebuyers seeking competitive financing options.
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Frequently Asked Questions
Common questions about mortgage lending in Matamoras, PA
Are mortgage rates in Matamoras, PA, typically higher or lower than the national average?
Mortgage rates in Matamoras are generally competitive with national averages, but local lenders may offer slight variations. Given Matamoras's proximity to the New York metro area, some lenders factor in the regional economic influence, but the town's lower cost of living compared to neighboring New York State can sometimes result in favorable terms for qualified buyers.
What local or county-level first-time homebuyer programs are available in Matamoras, PA?
While Matamoras itself doesn't have a city-specific program, homebuyers should explore the **Pike County HOME Consortium** programs, which serve the area. These can include down payment and closing cost assistance grants. Additionally, Pennsylvania's statewide PHFA programs, like the Keystone Home Loan and HOMEstead programs, are widely accessible to Matamoras residents.
How does being in a flood zone affect getting a mortgage for a property in Matamoras?
This is a critical local consideration due to Matamoras's location along the Delaware River. Lenders will require a flood elevation certificate for properties in designated Special Flood Hazard Areas (SFHAs). You will be mandated to purchase federal flood insurance, which will be escrowed with your mortgage payment, potentially adding a significant ongoing cost to your housing budget.
Are USDA Rural Development loans available for homes in Matamoras, Pennsylvania?
Yes, most of Pike County, including Matamoras, is eligible for USDA Rural Development loans, which offer 100% financing. This is a significant advantage for eligible buyers with moderate incomes looking to purchase in this area, as it eliminates the need for a down payment while offering competitive interest rates.
What is a common appraisal challenge for mortgages in older Matamoras neighborhoods?
Appraisers often face the challenge of finding comparable sales ("comps") for Matamoras's historic or unique older homes, especially those near the riverfront. This can sometimes lead to appraisal values coming in below the contract price, potentially delaying or complicating the mortgage process. Working with a local lender familiar with the micro-markets of Matamoras and Westfall Township is beneficial.
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Why Choose a Mortgage Lender in Matamoras?
Local Market Knowledge
Lenders who understand Matamoras'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 Matamoras and get competitive rates on your home loan.