The Best Mortgage Lenders in Oakland Mills, PA
Compare verified mortgage lenders serving Oakland Mills, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Oakland Mills
Featured Mortgage Lenders
Trident Mortgage Company
Trident Mortgage Company
Trident Mortgage is a top-rated lender with over 25 years of experience, renowned for its competitive rates and exceptional customer service in central Pennsylvania. They offer a comprehensive range of loan products and have a strong local presence through dedicated loan officers who serve Oakland Mills and surrounding areas. Their commitment to personalized service and community involvement makes them a trusted choice for homebuyers.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has built a solid reputation over two decades for reliability, transparency, and customer-focused solutions. They provide a wide variety of mortgage options with local expertise in the Harrisburg region, including Oakland Mills. Their team of experienced loan officers ensures a smooth process, backed by high customer satisfaction ratings and a commitment to competitive financing.
Loan Types:
Newrez
Newrez LLC
Newrez is a nationally recognized mortgage lender with a strong regional presence in Pennsylvania, known for its efficient online application process and competitive rates. With over 15 years in the industry, they offer a diverse portfolio of loan products and have dedicated support for Oakland Mills residents. Their focus on technology and customer service has earned them high marks for reliability and ease of use.
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Frequently Asked Questions
Common questions about mortgage lending in Oakland Mills, PA
Are there any special mortgage or down payment assistance programs for first-time homebuyers in Oakland Mills, PA?
Yes, Pennsylvania offers the Keystone Home Loan Program through the Pennsylvania Housing Finance Agency (PHFA), which is available to eligible buyers in Oakland Mills. This program provides competitive fixed-rate mortgages, and when combined with the Keystone Assistance Loan, can offer up to $10,000 in down payment and closing cost assistance as a 0% interest, forgivable second mortgage. Local lenders are well-versed in these state-wide programs.
How do property taxes in Oakland Mills impact my mortgage affordability and monthly payment?
Property taxes in Oakland Mills, located within Mifflin County, are a significant component of your monthly mortgage payment via escrow. Mifflin County's millage rates are generally moderate compared to more urban Pennsylvania counties, but it's crucial to get an accurate tax estimate for your specific property. Your lender will use the county's effective tax rate to calculate your PITI (Principal, Interest, Taxes, Insurance) payment, directly affecting the loan amount you can qualify for.
What types of properties are common in Oakland Mills, and does that affect my loan options?
Oakland Mills features a mix of single-family homes, some older historic properties, and rural lots. This influences loan choices, as standard conventional or FHA loans work for most homes, but a USDA Rural Development loan could be a perfect fit for eligible properties, offering 100% financing with no down payment. For older homes, an FHA 203(k) renovation loan might be necessary if the property requires significant repairs to meet lending standards.
Are mortgage rates in Oakland Mills different from the national average?
Mortgage rates are primarily set by national markets and your personal financial profile, not your specific town. However, working with a local lender in the Central PA region who understands the Mifflin County market can sometimes provide more competitive rate quotes or better terms due to lower overhead and strong community relationships. It's always wise to compare offers from both local credit unions/banks and national lenders.
What should I know about homeowners insurance when getting a mortgage in Oakland Mills?
Given Oakland Mills' location along the Juniata River, lenders will require a standard homeowners policy and may also require or strongly recommend flood insurance, depending on the property's specific flood zone designation. This is a critical cost factor. Working with an insurance agent familiar with the area is essential to get accurate quotes, as flood insurance can add a substantial amount to your total monthly housing expense.
Nearby Cities
Explore mortgage lenders in cities near Oakland Mills, PA
Why Choose a Mortgage Lender in Oakland Mills?
Local Market Knowledge
Lenders who understand Oakland 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 Oakland Mills and get competitive rates on your home loan.