The Best Mortgage Lenders in Northern Cambria, PA
Compare verified mortgage lenders serving Northern Cambria, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Northern Cambria
Featured Mortgage Lenders
AmeriServ Financial
AmeriServ Financial Bank
As the largest locally headquartered community bank in the Johnstown area, AmeriServ Financial has been serving Northern Cambria and surrounding communities for over a century. They maintain a strong physical presence in Cambria County with multiple branches and offer personalized mortgage services with local decision-making. Their mortgage team provides competitive rates and flexible terms with deep understanding of the local real estate market. Customers consistently praise their responsive service, transparency throughout the loan process, and commitment to the community.
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Paramount Financial Mortgage
Paramount Financial Mortgage Corp.
Paramount Financial Mortgage has built an exceptional reputation throughout central Pennsylvania, including strong service in Cambria County. As a dedicated mortgage company rather than a full-service bank, they specialize exclusively in home loans, allowing for expert guidance and efficient processing. They are particularly noted for their educational approach with first-time homebuyers and competitive FHA/VA loan programs. Reviews consistently highlight their responsive communication, ability to close loans quickly, and knowledgeable loan officers who make the mortgage process understandable.
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First Commonwealth Bank
First Commonwealth Federal Credit Union
First Commonwealth Federal Credit Union has deep roots in the Johnstown area and serves members throughout Cambria County, including Northern Cambria residents. As a member-owned financial cooperative, they often offer more competitive rates and lower fees than traditional banks. Their mortgage department receives high marks for personalized service and local underwriting. Members appreciate the credit union's community focus, with loan officers who understand the local housing market and provide guidance tailored to individual financial situations. They offer a full range of mortgage products with particular strength in first-time homebuyer programs.
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Frequently Asked Questions
Common questions about mortgage lending in Northern Cambria, PA
What are the typical down payment requirements for homes in Northern Cambria, PA, given the local market prices?
Due to Northern Cambria's relatively affordable housing market, many conventional loans can be secured with a 5% down payment, and FHA loans with 3.5% down are common. For a median-priced home here, this translates to a significantly lower upfront cash requirement compared to larger Pennsylvania cities. Local lenders are familiar with appraisals in the area and can guide you on the minimum needed for your specific purchase.
Are there any local or county-specific first-time homebuyer assistance programs available in Northern Cambria?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like Keystone Home Loan and Keystone Government Loan, which are actively used in Cambria County. Additionally, the Cambria County Association of REALTORS® Housing Opportunity Fund may offer down payment and closing cost assistance grants for eligible buyers in Northern Cambria, making homeownership more accessible.
How does the property tax structure in Cambria County and the Northern Cambria School District impact my mortgage payments?
Cambria County has a county-wide property tax assessment, and the Northern Cambria School District levies its own millage rate. Your lender will calculate these taxes into your monthly escrow payment. It's crucial to get an accurate estimate, as property taxes here can be a significant portion of your monthly payment despite moderate home prices, and rates can vary between boroughs.
What should I know about getting a mortgage for a older, historic, or potentially coal-impacted property in Northern Cambria?
This is a critical local consideration. Lenders will require a thorough home inspection and may mandate specific tests for water quality or structural integrity, especially given the region's mining history. An FHA 203(k) renovation loan could be a valuable tool for financing both purchase and repairs for a older home that needs updates to meet lending standards.
Are USDA Rural Development loans a viable option for mortgages in Northern Cambria, PA?
Absolutely. Northern Cambria is located in an area eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is a highly attractive program for the area, given its rural designation, and can be an excellent way for moderate-income households to purchase a home with minimal upfront cash.
Nearby Cities
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Why Choose a Mortgage Lender in Northern Cambria?
Local Market Knowledge
Lenders who understand Northern Cambria'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 Northern Cambria and get competitive rates on your home loan.