The Best Mortgage Lenders in Plymouth, PA
Compare verified mortgage lenders serving Plymouth, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Plymouth
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in Northeastern Pennsylvania, including service to Plymouth. Known for its competitive rates, efficient online application process, and high customer satisfaction, the company has consistently high ratings for its personalized service and wide range of loan options. Their experienced loan officers provide tailored solutions for homebuyers and investors in the area.
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New American Funding
New American Funding, LLC
New American Funding is a highly regarded mortgage lender that serves Plymouth and the surrounding Wilkes-Barre area, offering diverse loan products with a focus on community engagement and customer education. They are praised for their competitive rates, flexible underwriting, and commitment to serving first-time homebuyers and diverse borrowers. Their local team provides personalized support, contributing to their strong reputation and high customer reviews.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a reputable lender with a solid presence in the Scranton-Wilkes-Barre region, extending services to Plymouth residents. They excel in providing a broad array of mortgage options with an emphasis on transparency, customer service, and competitive pricing. Their experienced advisors are known for guiding clients through the home financing process smoothly, backed by strong industry credentials and positive feedback from local homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Plymouth, PA
Are there any first-time homebuyer programs specifically for Plymouth, PA, that can help with down payment or closing costs?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan Program and the Keystone Government Loan, which are available statewide, including in Plymouth. These programs provide competitive interest rates and down payment/closing cost assistance (like the Keystone Assistance Loan) for eligible buyers. Additionally, Luzerne County may have local grant programs, so it's wise to check with a local lender familiar with Plymouth's specific offerings.
How does Plymouth's older housing stock, including many historic or century homes, affect the mortgage process?
Purchasing an older home in Plymouth often requires a more thorough home inspection and may impact your appraisal and loan type. Lenders might have stricter requirements for homes with outdated electrical, plumbing, or foundations. An FHA 203(k) renovation loan can be a valuable tool here, as it allows you to finance both the purchase price and the cost of necessary repairs into a single mortgage.
What are typical property tax rates in Plymouth, PA, and how do they influence my mortgage payment?
Property tax rates in Plymouth (Luzerne County) are relatively high compared to national averages, currently around 2.0-2.3% of assessed value. This significantly impacts your total monthly mortgage payment, as lenders will escrow for taxes. When budgeting, it's crucial to factor in this ongoing cost, as a home's attractive list price can be offset by substantial annual tax bills, affecting your debt-to-income ratio.
Are USDA rural development loans available for homes in Plymouth, Pennsylvania?
Yes, parts of Plymouth and the surrounding area in Luzerne County are eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This can be a major advantage for qualified buyers. You should check the official USDA eligibility map with your address, as eligibility is determined by specific census tracts and can vary even within the borough.
How competitive is the mortgage lending market in Plymouth, and should I use a local bank or a national lender?
The market features a mix of strong local credit unions (like First Keystone Community Bank) and national lenders. For a streamlined process, a local lender with deep knowledge of Plymouth's unique properties, appraisal comparables, and municipal procedures can be invaluable, especially for older homes or complex sales. They often have stronger relationships with local realtors and can navigate county-specific requirements more efficiently.
Nearby Cities
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Why Choose a Mortgage Lender in Plymouth?
Local Market Knowledge
Lenders who understand Plymouth'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 Plymouth and get competitive rates on your home loan.