The Best Mortgage Lenders in Mills, PA
Compare verified mortgage lenders serving Mills, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Mills
Featured Mortgage Lenders
loanDepot
loanDepot, LLC
loanDepot is a highly-rated national mortgage lender with a strong presence in Pennsylvania, including service to Mills and surrounding areas. Known for competitive rates and a digital-first approach, they offer a wide range of loan products with efficient online applications. Customers praise their responsive customer service, quick closing times, and transparency throughout the process. With over a decade of experience, loanDepot has built a reputation for reliability and innovation in the mortgage industry, making them a top choice for homebuyers in Northeastern PA.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated mortgage lender with a local office in Scranton, providing personalized service to clients in Mills and the wider region. They excel in offering competitive rates, a user-friendly online platform, and a variety of loan options tailored to different needs. With high customer satisfaction scores, they are praised for their expertise, low fees, and efficient processing. Their long-standing presence and commitment to community involvement in Pennsylvania make them a trusted and reliable choice for mortgages.
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New American Funding
New American Funding, LLC
New American Funding is a reputable mortgage lender with a dedicated team serving Mills and Northeastern Pennsylvania, focusing on diverse loan products and inclusive lending practices. They are highly regarded for their competitive rates, excellent customer service, and efforts to support first-time homebuyers and underserved communities. Reviews highlight their knowledgeable staff, smooth closing processes, and flexibility in handling unique financial situations. With over two decades of experience, they have established a strong track record for reliability and customer satisfaction in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Mills, PA
Are there any special mortgage programs for first-time homebuyers in Mills, PA?
Yes, Pennsylvania offers the Keystone Home Loan Program through the Pennsylvania Housing Finance Agency (PHFA), which is available to eligible buyers in Mills. This program provides competitive fixed-rate mortgages, down payment and closing cost assistance, and is particularly helpful given the rural nature of Somerset County. Local lenders are well-versed in these programs and can guide you through the application process.
How does the rural location of Mills, PA, affect the mortgage and appraisal process?
Due to Mills' rural setting in Somerset County, appraisals can sometimes be more complex due to fewer comparable home sales ("comps"). Lenders may require appraisers with specific experience in rural properties, which could slightly extend the loan timeline. It's important to work with a lender familiar with the local market to ensure a smooth valuation process.
What are typical property taxes like for homes in Mills, and how do they impact mortgage affordability?
Property taxes in Mills and Somerset County are generally moderate compared to urban areas in PA. The current county millage rate is 12.50 mills, but the exact rate can vary slightly by municipality. Your lender will calculate these taxes into your total monthly payment (escrow), which is a crucial factor in determining your overall housing affordability in this area.
Are USDA Rural Development loans a viable option for mortgages in Mills, PA?
Absolutely. Given its designation as a rural area, most of Mills qualifies for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This can be an excellent program for qualified buyers looking to purchase in Mills, as it helps overcome one of the biggest barriers to homeownership.
How competitive is the mortgage lending environment in Mills, and should I use a local bank?
While you can use national lenders, local and regional banks or credit unions in Somerset County often have a strong advantage. They have deeper knowledge of the local real estate market, property values, and can offer more personalized service. For a community like Mills, a local lender may provide more flexibility and understanding of unique rural property situations.
Nearby Cities
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Why Choose a Mortgage Lender in Mills?
Local Market Knowledge
Lenders who understand Mills'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 Mills and get competitive rates on your home loan.