The Best Mortgage Lenders in Montoursville, PA
Compare verified mortgage lenders serving Montoursville, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Montoursville
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong local presence in the Williamsport area, serving Montoursville residents. Known for exceptional customer service and competitive rates, they have a 4.7-star rating from over 350 reviews. Their team offers personalized mortgage solutions, including first-time homebuyer programs, and is praised for quick closings and transparent communication. With 27 years of experience, they are a reliable choice for various loan types.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly-rated national lender with a significant presence in Pennsylvania, including service to Montoursville. They boast a 4.5-star rating from over 500 reviews, highlighting their efficiency and customer-focused approach. Specializing in diverse loan options and offering competitive rates, they are known for their "New American" process that simplifies mortgage applications. Founded in 2003, they have 20 years of experience and are recognized for supporting underserved communities.
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Movement Mortgage
Movement Mortgage
Movement Mortgage is a reputable lender with a strong regional footprint in Pennsylvania, serving Montoursville and surrounding areas. They have a 4.6-star rating from over 200 reviews, emphasizing their fast processing and dedicated local loan officers. Founded in 2008, they bring 15 years of expertise and are committed to community engagement and transparent lending practices. They offer a wide range of loan products and are praised for their responsive customer service.
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Frequently Asked Questions
Common questions about mortgage lending in Montoursville, PA
Are there any first-time homebuyer assistance programs specific to Montoursville or Lycoming County?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like Keystone Home Loan and Keystone Government Loan, which are accessible in Montoursville. Additionally, the Lycoming County STEP Office may offer local down payment and closing cost assistance grants for eligible buyers, which can be layered with PHFA programs for significant savings.
How do property taxes in Montoursville impact my mortgage affordability?
Montoursville is located within Lycoming County, which has a relatively moderate property tax rate compared to other Pennsylvania regions. Your lender will calculate an escrow payment for these taxes as part of your monthly mortgage payment. It's wise to budget for an effective tax rate of approximately 1.5% to 1.8% of the home's assessed value when estimating your total monthly housing cost.
What is the typical down payment needed for a home in Montoursville's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Montoursville utilize conventional loans with 3-5% down or FHA loans with 3.5% down. Given the area's affordable home prices compared to national averages, saving for a down payment is often more achievable here, but competitive offers may be strengthened with a higher down payment.
Are USDA rural housing loans available for properties in Montoursville, PA?
Yes, most of Montoursville and the surrounding area is eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is a significant advantage for eligible buyers looking in this region, as it makes homeownership more accessible. A local lender can confirm the specific eligibility of a property address through the USDA eligibility map.
How does the local economy, centered on manufacturing and healthcare, affect mortgage lending here?
Lenders view the presence of major employers like Schlumberger (manufacturing) and UPMC Susquehanna (healthcare) positively, as they provide stable employment. Borrowers working in these sectors often find the mortgage application process straightforward. However, self-employed individuals or those in more volatile local industries should be prepared with extensive documentation of their income history.
Nearby Cities
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Why Choose a Mortgage Lender in Montoursville?
Local Market Knowledge
Lenders who understand Montoursville'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 Montoursville and get competitive rates on your home loan.