The Best Mortgage Lenders in Media, PA
Compare verified mortgage lenders serving Media, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Media
Featured Mortgage Lenders
Brian D. Thompson
CrossCountry Mortgage, LLC
Brian Thompson's CrossCountry Mortgage office in downtown Media is one of the highest-rated local mortgage providers, specializing in personalized service for Delaware County homebuyers. With over 15 years of experience and exceptional customer reviews highlighting his responsiveness and expertise, this locally-operated branch offers the backing of a national lender with local decision-making. They're particularly noted for their competitive jumbo loan programs and first-time homebuyer assistance.
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Tom Hutt
First Home Mortgage
First Home Mortgage has been serving Media and surrounding Delaware County communities for over 30 years, with Tom Hutt's local office maintaining exceptional ratings for their comprehensive mortgage services. They offer in-house processing and underwriting, allowing for faster closings and personalized attention. Their long-standing presence in the community and extensive experience with Pennsylvania-specific mortgage programs make them a top choice for local homebuyers seeking reliable, local expertise.
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Pennsylvania State Employees Credit Union
PSECU
As Pennsylvania's largest credit union, PSECU serves the Media area with highly competitive mortgage rates and exceptional member service. While technically based in Harrisburg, they have strong presence throughout Delaware County with local mortgage specialists serving Media residents. Their not-for-profit structure allows for lower fees and better rates than many traditional banks, and they're particularly noted for their first-time homebuyer programs and digital mortgage experience. Their longstanding reputation and community focus make them a trusted choice for Media homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Media, PA
Are there any first-time homebuyer programs specific to Media, PA that can help with down payments?
Yes, Media homebuyers can access the Delaware County HOME Consortium's First-Time Homebuyer Program, which offers down payment and closing cost assistance. Additionally, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan Program and Keystone Government Loan, which are widely used in Media and often feature below-market interest rates and grant options for qualified buyers.
How do Media's historic district designations affect the mortgage process for older homes?
Purchasing a home in Media's designated historic districts, like the Media Borough Historic District, may require a specialized appraisal to accurately value the unique characteristics. Some lenders may have specific requirements for insuring or financing historic properties. It's crucial to work with a local lender familiar with these nuances to ensure a smooth process.
What are typical property tax rates in Media, and how do they impact my mortgage affordability?
Media has a combined property tax rate that includes Delaware County, Rose Tree Media School District, and Borough taxes, typically totaling around 4.3% to 4.5% of assessed value. This is a significant factor in your total monthly payment. When getting pre-approved, lenders will calculate your debt-to-income ratio including these taxes, which are higher than many surrounding areas, affecting how much house you can qualify for.
Are there local credit unions or banks in Media that offer competitive mortgage products for residents?
Yes, several local institutions like Franklin Mint Federal Credit Union and TruMark Financial Credit Union, which have strong community ties to Delaware County, often offer competitive rates and special programs for Media residents. These local lenders may have more flexibility with underwriting and a better understanding of the borough's unique housing stock compared to national banks.
How does Media's competitive housing market influence mortgage contingencies and appraisal gaps?
Media's highly desirable and competitive market means sellers often receive multiple offers. To make your offer stronger, you may need to consider waiving certain mortgage contingencies or being prepared to cover an appraisal gap with additional cash. Having a strong pre-approval from a reputable local lender and being ready to move quickly is essential to compete effectively.
Why Choose a Mortgage Lender in Media?
Local Market Knowledge
Lenders who understand Media'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 Media and get competitive rates on your home loan.