The Best Mortgage Lenders in Reeders, PA
Compare verified mortgage lenders serving Reeders, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Reeders
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage
Movement Mortgage is a highly-rated national lender with a strong local presence in the Pocono Mountains region, including Reeders. Known for its competitive rates and exceptional customer service, the company specializes in a wide range of loan products and has a reputation for quick closings and personalized support. Their local Stroudsburg office ensures dedicated service for Monroe County residents, backed by numerous positive reviews highlighting transparency and efficiency.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender with extensive experience serving Pennsylvania, including rural areas like Reeders. They offer a diverse portfolio of loan options and are praised for their competitive rates, especially for first-time homebuyers and those with unique financial situations. With high customer satisfaction scores and a commitment to community outreach, they provide reliable service through local loan officers familiar with the Pocono market.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a reputable lender with a strong regional presence in the Pocono area, including direct service to Reeders. They are celebrated for their competitive rates, extensive loan options, and high customer satisfaction, often noted for their responsive and knowledgeable staff. Their local Brodheadsville office allows for personalized service, making them a trusted choice for mortgages in Monroe County, with many reviews emphasizing smooth processes and expert guidance.
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Frequently Asked Questions
Common questions about mortgage lending in Reeders, PA
What are the typical mortgage rates and closing costs for a home in Reeders, PA?
Mortgage rates in Reeders generally align with national averages, but closing costs in Monroe County can be slightly higher due to specific local taxes and fees, including a county-level transfer tax. It's wise to budget for closing costs between 2% to 5% of the home's purchase price, and to get quotes from several local lenders familiar with Pennsylvania's closing process.
Are there any first-time homebuyer programs specifically beneficial for purchasing in Reeders?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan program and down payment/closing cost assistance, which are accessible to eligible buyers in Reeders. Additionally, some lenders in the Poconos region may offer special programs for first-time buyers, teachers, or healthcare workers, so it's important to ask about local incentives.
How does the rural nature of Reeders and its location in the Poconos affect the mortgage process?
Lenders may require additional property inspections, such as well and septic tests, which are common for homes in Reeders not connected to public utilities. Appraisals can also take slightly longer as appraisers must compare properties in a less dense market, potentially impacting your loan timeline.
What should I know about property taxes and homeowners insurance when getting a mortgage in Reeders?
Property taxes in Reeders are based on Monroe County and Pocono Mountain School District rates, which can vary. Your lender will require escrow for these taxes and for homeowners insurance, which may include specific riders for wildlife or winter-related damage common in the Poconos, affecting your monthly payment.
Are USDA Rural Development loans available for homes in Reeders, PA?
Yes, given Reeders' location, many properties are eligible for USDA loans, which offer 100% financing with no down payment. This can be a significant advantage, but you must confirm the specific property's eligibility through the USDA's online map and meet income limits for Monroe County.
Nearby Cities
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Why Choose a Mortgage Lender in Reeders?
Local Market Knowledge
Lenders who understand Reeders'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 Reeders and get competitive rates on your home loan.