The Best Mortgage Lenders in Peckville, PA
Compare verified mortgage lenders serving Peckville, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Peckville
Featured Mortgage Lenders
Fidelity Bank Mortgage
Fidelity Bank
Fidelity Bank stands as one of Northeastern Pennsylvania's most established and highly-rated mortgage lenders, serving Peckville and the entire Lackawanna County region for over a century. As a community-focused institution with deep local roots, they offer personalized service with local underwriting and decision-making. Their mortgage team receives consistently excellent reviews for their responsiveness, competitive rates, and expertise with various loan programs including first-time homebuyer assistance. With multiple branches throughout the region and a strong commitment to the local community, Fidelity Bank provides the stability of a long-standing financial institution combined with modern mortgage solutions.
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H.A. Thompson & Sons
H.A. Thompson & Sons Mortgage
H.A. Thompson & Sons is a locally-owned and operated mortgage broker with deep roots in the Peckville community, having served the area for over four decades. They receive exceptional customer reviews for their personalized service, local market expertise, and ability to secure competitive rates from multiple lenders. As a family-owned business, they pride themselves on building long-term relationships with clients and providing tailored mortgage solutions. Their team has extensive knowledge of the local real estate market in Lackawanna County and offers comprehensive guidance through the entire mortgage process, from pre-approval to closing.
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Newrez Mortgage
Newrez LLC
Newrez is a nationally recognized mortgage lender with strong presence throughout Pennsylvania, including service to Peckville and surrounding Lackawanna County areas. They combine the resources of a large mortgage company with personalized service through local loan officers. Newrez receives high marks for their competitive rates, efficient processing, and extensive loan product offerings. Their digital mortgage platform streamlines the application process while maintaining personal guidance from experienced mortgage professionals. With multiple service centers in Pennsylvania and a reputation for reliable closings, they provide comprehensive mortgage solutions for both purchase and refinance transactions across the state.
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Frequently Asked Questions
Common questions about mortgage lending in Peckville, PA
What are the current mortgage rates like in Peckville, PA, and how do they compare to national averages?
Mortgage rates in Peckville generally align with national averages, but local lenders may offer competitive terms. As a smaller borough in Lackawanna County, rates can be influenced by regional economic factors and your specific financial profile. It's advisable to compare offers from local credit unions, like Penn East Federal Credit Union, alongside national lenders for the best deal.
Are there any first-time homebuyer programs specifically for residents of Peckville or Lackawanna County?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan program and down payment/closing cost assistance, which are available to eligible buyers in Peckville. Additionally, the Lackawanna County Office of Housing and Community Development may have local grants or programs; checking with them directly is recommended for the most current opportunities.
How does the property tax structure in Peckville impact my mortgage payments and affordability?
Peckville is part of Blakely Borough, which has its own millage rate for property taxes. Lackawanna County property taxes are historically moderate compared to other parts of Pennsylvania. Your lender will calculate an escrow payment for these taxes as part of your monthly mortgage, so it's crucial to factor the total tax burden into your homebuying budget when looking at different properties.
What type of home appraisals are common in Peckville, given its mix of older and newer homes?
Appraisals in Peckville often require special attention due to the prevalence of older, historic homes and varying neighborhood values. Appraisers will closely compare sales of similar properties in Blakely Borough and nearby areas like Olyphant or Dickson City. Unique features of older homes, like updated electrical or plumbing, can significantly impact the appraisal value and, consequently, your loan amount.
Are USDA Rural Development loans available for homes in Peckville, PA?
Yes, Peckville is eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a significant advantage for qualified buyers in the area, as the USDA designates many parts of Lackawanna County, including Peckville, as "rural." This program can make homeownership more accessible, especially for moderate-income families looking in this market.
Why Choose a Mortgage Lender in Peckville?
Local Market Knowledge
Lenders who understand Peckville'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 Peckville and get competitive rates on your home loan.