The Best Mortgage Lenders in Moscow, PA
Compare verified mortgage lenders serving Moscow, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Moscow
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Pennsylvania, including service to Moscow and the Northeastern PA region. Known for its competitive rates and digital mortgage process, the company has over 24 years of experience and maintains high customer satisfaction scores. They offer a wide range of loan products, including specialized options for first-time homebuyers and veterans, backed by a team of local loan officers who provide personalized service. Their 4.8 rating reflects consistent positive feedback for transparency, efficiency, and support throughout the home financing process.
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New American Funding
New American Funding, LLC
New American Funding is a highly regarded mortgage lender with a robust national footprint, including dedicated service in the Moscow, PA area. Founded in 2003, it boasts a 4.9 rating from thousands of reviews, emphasizing its commitment to diverse loan programs and exceptional customer care. The company is praised for its competitive rates, flexibility in underwriting, and support for underserved communities, with local representatives available to assist homebuyers in Northeastern Pennsylvania. Their focus on technology and education helps clients navigate the mortgage process smoothly, contributing to their reputation for reliability and high satisfaction.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong regional presence in Pennsylvania, including the Moscow area. Established in 2008, it has built a 4.7 rating through consistent, high-quality service and community involvement. The company is known for its fast processing times, competitive rates, and a wide array of loan options tailored to various buyer needs. Local loan officers in the Scranton-Wilkes-Barre metro area ensure personalized support, making Movement a top choice for homebuyers seeking a reliable and efficient mortgage experience with a focus on customer satisfaction and long-term relationships.
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Frequently Asked Questions
Common questions about mortgage lending in Moscow, PA
What are typical down payment requirements for homes in Moscow, PA, given its market?
In Moscow's competitive market, conventional loans typically require 5-20% down, but many local lenders encourage 10% or more to strengthen offers. For the area's popular single-family homes, which often sell between $250,000-$400,000, a solid down payment is key. First-time buyers should explore Pennsylvania's PHFA programs, which can reduce this requirement significantly with grants or second mortgages.
Are there specific mortgage programs for first-time homebuyers in Moscow, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan and Keystone Government Loan programs, which are widely used in Moscow. These provide competitive fixed-rate mortgages, often with down payment and closing cost assistance. Additionally, some local credit unions, like Penn East Federal Credit Union, may offer special first-time buyer programs tailored to the Pocono region.
How do property taxes in Moscow impact my mortgage qualification and payments?
Lackawanna County property taxes, which include Moscow Borough and North Pocono School District taxes, are a significant factor. The effective tax rate is approximately 2.0-2.3%, meaning a $300,000 home could have $6,000+ in annual taxes. Lenders will include this in your debt-to-income ratio, and your monthly mortgage payment will have a substantial escrow portion for taxes, which is crucial to budget for.
What should I know about getting a mortgage for a home with well and septic in Moscow's more rural areas?
Many properties in and around Moscow use private wells and septic systems, which require specific inspections for mortgage approval. Lenders will mandate a water quality test and a septic inspection to ensure the systems are functional and safe. These costs (typically $500-$1,000) are usually the buyer's responsibility and must be completed during the inspection contingency period.
How does Moscow's location in the Poconos influence mortgage lending and property types?
Moscow's appeal as a Pocono Mountain community means lenders are familiar with financing seasonal cabins, homes on smaller lots, and properties with accessory dwelling units (ADUs), which are common. However, for true vacation properties or short-term rental investments, you may face stricter loan requirements and higher interest rates. For a primary residence, standard financing applies, but appraisals will consider the unique "Poconos market" comparables.
Why Choose a Mortgage Lender in Moscow?
Local Market Knowledge
Lenders who understand Moscow'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 Moscow and get competitive rates on your home loan.