The Best Mortgage Lenders in Quincy, PA
Compare verified mortgage lenders serving Quincy, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Quincy
Featured Mortgage Lenders
Fulton Mortgage Company
Fulton Bank, N.A.
Fulton Mortgage Company stands out as one of the top regional mortgage lenders serving Quincy and surrounding Franklin County areas. As part of Fulton Bank, they offer the stability of a 140-year-old financial institution with local decision-making and personalized service. Their mortgage advisors have deep knowledge of the local Pennsylvania market and provide competitive rates with various loan programs. Customers consistently praise their responsive communication, smooth closing process, and ability to handle complex mortgage scenarios effectively.
Loan Types:
Members 1st Mortgage Services
Members 1st Federal Credit Union
Members 1st Federal Credit Union provides exceptional mortgage services throughout central Pennsylvania, including the Quincy area. As a not-for-profit credit union, they offer highly competitive rates and lower fees than many traditional banks. Their mortgage team specializes in first-time homebuyer programs and provides comprehensive guidance through the entire home financing process. Members consistently rate them highly for their educational approach, transparent pricing, and commitment to finding the right mortgage solution for each borrower's unique situation.
Loan Types:
NewDay USA Mortgage
NewDay USA
NewDay USA has established itself as a premier mortgage lender specializing in serving military families and veterans throughout Pennsylvania, with strong coverage in the Quincy region. They are particularly renowned for their VA loan expertise and have helped thousands of service members achieve homeownership. Their digital mortgage platform combines with dedicated loan officers to provide a streamlined experience. Customers consistently praise their military-focused service, competitive VA loan rates, and ability to close loans quickly while maintaining excellent communication throughout the process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Quincy, PA
Are there any special mortgage programs for first-time homebuyers in Quincy, PA?
Yes, Pennsylvania offers the Keystone Home Loan Program through the Pennsylvania Housing Finance Agency (PHFA), which is available to eligible buyers in Quincy. This program provides competitive fixed-rate mortgages, down payment and closing cost assistance, and is particularly beneficial for buyers in Franklin County's more rural areas like Quincy. Local lenders familiar with the area can help you navigate the income and purchase price limits that apply.
How do property taxes in Franklin County impact my mortgage payments in Quincy?
Franklin County, where Quincy is located, has a relatively moderate property tax rate compared to other parts of Pennsylvania. Your lender will calculate an escrow payment as part of your monthly mortgage to cover these annual taxes. It's important to get an accurate estimate, as property taxes can vary slightly between townships, and they directly affect your total monthly housing payment.
What are typical down payment requirements for homes in Quincy's rural market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Quincy utilize loans with lower requirements. USDA Rural Development loans are a popular option here, as much of the area qualifies for 0% down payment programs. Conventional loans with 3-5% down and FHA loans with 3.5% down are also common, especially for the area's more affordable single-family homes and farmettes.
Does Quincy's location near the Maryland border create any unique mortgage considerations?
Yes, Quincy's proximity to Maryland and major employers in Hagerstown, MD, means some buyers may be cross-border commuters. It's crucial to work with a lender experienced in both Pennsylvania and Maryland markets, as they can properly verify employment income and understand how out-of-state employment might be viewed during underwriting. This local expertise ensures a smoother process.
How does the appraisal process work for unique or older properties in Quincy?
Quincy has a mix of historic homes and rural properties with land, which can require appraisers with specific expertise. Lenders will order an appraisal from a professional familiar with the local market comparables in Franklin County. For properties with acreage, outbuildings, or unique features, the appraisal may take longer and require specialized knowledge to ensure an accurate valuation that satisfies loan requirements.
Why Choose a Mortgage Lender in Quincy?
Local Market Knowledge
Lenders who understand Quincy'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 Quincy and get competitive rates on your home loan.