The Best Mortgage Lenders in Old Forge, PA
Compare verified mortgage lenders serving Old Forge, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Old Forge
Featured Mortgage Lenders
FNCB Bank Mortgage Team
FNCB Bank
FNCB Bank has been serving Northeast Pennsylvania for over a century with deep community roots and extensive local market knowledge. Their mortgage team consistently receives exceptional ratings for personalized service, competitive rates, and streamlined processing. As a community-focused bank with multiple branches throughout Lackawanna County, they understand the specific needs of Old Forge area homebuyers and offer comprehensive guidance through the entire mortgage process.
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GuardHill Financial Corp.
GuardHill Financial Corporation
GuardHill Financial has built an outstanding reputation throughout Northeastern Pennsylvania as a top-rated mortgage lender with exceptional customer service. They specialize in creating customized mortgage solutions for each client and are known for their responsive communication and efficient processing. With deep expertise in the Scranton/Old Forge market, they offer competitive rates and flexible loan options while providing personalized guidance from application through closing.
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CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage combines national lending power with strong local expertise through their Scranton office that actively serves the Old Forge community. They offer a comprehensive range of mortgage products with competitive rates and are particularly praised for their educational approach with first-time homebuyers. Their local team has extensive knowledge of the Northeastern Pennsylvania housing market and provides personalized service with efficient processing and strong communication throughout the loan process.
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Frequently Asked Questions
Common questions about mortgage lending in Old Forge, PA
What are the current mortgage rates like in Old Forge, PA, and are they different from the national average?
Mortgage rates in Old Forge generally align with national averages, as they are set by broader economic factors. However, local lenders may offer competitive rates or promotions, and your specific rate will depend heavily on your credit profile and loan type. It's advisable to compare offers from both local community banks and larger regional lenders serving Lackawanna County.
Are there any down payment assistance or first-time homebuyer programs specifically for Old Forge residents?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like Keystone Home Loan and Keystone Government Loan, which are accessible to Old Forge buyers and often feature down payment and closing cost assistance. Additionally, the Lackawanna County Office of Housing and Community Development may have local grants or programs, so checking with them directly is recommended.
How does the property tax structure in Old Forge affect my monthly mortgage payment?
Old Forge is located in Lackawanna County, which has property tax rates that are a significant component of your monthly escrow payment. The total millage rate combines borough, county, and school district taxes. Your lender will calculate these into your payment, and it's wise to review recent tax assessments on any property you're considering, as they can vary.
What type of home appraisal challenges are common in Old Forge given the age of many homes?
Old Forge has a stock of older, classic homes, so appraisals may sometimes highlight issues like outdated electrical systems, aging roofs, or the need for foundational repairs. Lenders will require these to meet certain standards. Getting a thorough pre-purchase home inspection is crucial to identify any problems that could delay or affect your mortgage approval.
For a vacation or investment property in the Old Forge area, are mortgage terms different?
Yes, financing a secondary home or investment property in Old Forge, which is near popular recreational areas like the Poconos, typically requires a larger down payment (often 10-20% for second homes, 15-25% for investments) and may come with a slightly higher interest rate. Lenders will also scrutinize rental income projections more heavily if it's an investment.
Why Choose a Mortgage Lender in Old Forge?
Local Market Knowledge
Lenders who understand Old Forge'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 Old Forge and get competitive rates on your home loan.