The Best Mortgage Lenders in Meyersdale, PA
Compare verified mortgage lenders serving Meyersdale, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Meyersdale
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Pennsylvania, serving Meyersdale and surrounding areas. Known for its competitive rates and innovative digital mortgage platform, the company has consistently high customer satisfaction ratings. With over two decades of experience, they offer a wide range of loan products and personalized service, making them a reliable choice for homebuyers in rural Somerset County. Their efficient online tools and dedicated local loan officers ensure a smooth mortgage process.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender that actively serves Meyersdale and the broader Somerset County region. With an excellent reputation for customer service and competitive loan options, including specialized programs for first-time homebuyers and diverse communities, they have built trust through transparency and reliability. Founded in 2003, they combine years of experience with a commitment to community outreach, offering in-person and online support to ensure clients in rural areas like Meyersdale receive attentive, personalized guidance.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable national lender with a dedicated local presence in Pennsylvania, providing excellent mortgage services to Meyersdale residents. Known for its fast processing times and community-focused approach, the company has earned high ratings for customer satisfaction and reliability. Since its founding in 2008, Movement has specialized in a variety of loan types tailored to rural markets, offering competitive rates and hands-on support from experienced loan officers who understand the unique needs of Somerset County homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Meyersdale, PA
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Meyersdale, PA?
Yes, Pennsylvania offers the PHFA (Pennsylvania Housing Finance Agency) Keystone Home Loan program, which is widely accessible in Somerset County. This program provides competitive fixed-rate mortgages, and eligible first-time buyers in Meyersdale can often combine it with the PHFA Down Payment and Closing Cost Assistance loan, which is a second, forgivable loan. Local lenders are familiar with these programs and can guide you through the application process specific to our area.
How do property taxes in Meyersdale and Somerset County impact my mortgage affordability?
Somerset County has relatively modest property tax rates compared to many parts of Pennsylvania, which is a positive for monthly mortgage payments. However, taxes are reassessed upon sale, so your tax bill will likely be based on your purchase price. It's crucial to factor this "true tax" estimate into your budget, as your lender's initial calculation may use an outdated, lower assessment. A local loan officer can help you get an accurate projection.
What types of properties in Meyersdale might require special mortgage consideration?
It's common to find older, historic homes or rural properties with acreage in and around Meyersdale. Financing these can require specific appraisals and inspections (like well and septic for rural homes) that a standard mortgage might not cover. For a historic home, a renovation loan like the FHA 203(k) might be necessary. Discussing the specific property type with a lender experienced in the local market is essential.
Are USDA Rural Development loans available for homes in Meyersdale, PA?
Absolutely. Most of Somerset County, including Meyersdale, is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a significant advantage for qualifying buyers looking at properties in the borough or the surrounding townships. Eligibility is based on income limits and the property location, so checking the USDA eligibility map for the specific address is a key first step.
How does the local Meyersdale real estate market affect the mortgage appraisal process?
The Meyersdale market has a lower volume of sales compared to urban areas, which can sometimes make it challenging for appraisers to find recent, comparable sales ("comps"). This is especially true for unique properties. To avoid delays, your lender should work with an appraiser deeply familiar with Somerset County who can properly justify the home's value using the best available data, ensuring your loan process stays on track.
Nearby Cities
Explore mortgage lenders in cities near Meyersdale, PA
Why Choose a Mortgage Lender in Meyersdale?
Local Market Knowledge
Lenders who understand Meyersdale'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 Meyersdale and get competitive rates on your home loan.