The Best Mortgage Lenders in Revere, PA
Compare verified mortgage lenders serving Revere, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Revere
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Philadelphia metropolitan area, serving Revere, PA. Known for its competitive rates, digital mortgage process, and exceptional customer service, the company has consistently high ratings from borrowers for its efficiency and transparency. With over two decades of experience, they offer a wide range of loan products and have a reputation for closing loans quickly, making them a preferred choice for homebuyers in Bucks County and surrounding regions.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding is a highly regarded mortgage lender with a significant presence in Pennsylvania, including service to Revere, PA. They are praised for their diverse loan options, including programs for first-time homebuyers and underserved communities, and have a track record of excellent customer satisfaction. Their local team provides personalized service, competitive rates, and a streamlined application process, backed by over 20 years of industry experience and strong community involvement.
Loan Types:
Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a reputable national lender with a dedicated office in Philadelphia, serving Revere, PA and the broader Bucks County area. They are known for their customer-centric approach, competitive rates, and efficient loan processing, earning high marks for reliability and service. With over 15 years in the mortgage industry, they offer a comprehensive suite of loan products and have built a strong reputation for helping borrowers navigate the home financing process with ease and confidence.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Revere, PA
Are there any first-time homebuyer programs specifically for Revere, PA, that can help with down payment or closing costs?
While there are no programs exclusive to Revere, as a Pennsylvania resident, you have access to statewide programs like PHFA's Keystone Home Loan Program and Keystone Government Loan. These offer competitive rates, down payment and closing cost assistance (like the Keystone Assistance Loan), and are widely used by lenders in the Bucks County area. It's advisable to work with a local mortgage lender familiar with these PHFA programs to navigate the application process.
How do property taxes in Revere, PA, impact my mortgage affordability and monthly payment?
Revere is located within Palisades School District in Bucks County, which has a current property tax millage rate of approximately 15.75 mills. This results in moderately high property taxes compared to national averages, which significantly affects your total monthly PITI (Principal, Interest, Taxes, Insurance) payment. When getting pre-approved, lenders will calculate your debt-to-income ratio using these estimated tax figures, so it's crucial to budget for this specific local expense.
What types of properties are most common for mortgage lending in Revere, and does the rural character affect loan options?
Revere features primarily single-family homes on larger lots, along with some older farmhouses and new construction. The semi-rural setting means well and septic systems are common, which can require specific inspections (like a satisfactory septic test) for loan approval. Most conventional, FHA, and VA loans are readily available here, but lenders will pay close attention to the condition and compliance of these independent water and sewer systems during the appraisal.
Is it difficult to get a mortgage for a home in Revere's more historic or older housing stock?
It can present unique challenges. Many homes in the Revere area have historical character and may be older. Lenders will require a thorough appraisal, and if the home needs significant repairs, you might need a renovation loan like the FHA 203(k). For a standard mortgage, the home must meet minimum property standards for safety and soundness, so issues with older roofs, foundations, or electrical systems may need to be addressed before closing.
How do mortgage rates and lending competition in the Revere area compare to the broader Philadelphia region?
Mortgage rates are generally set on a national and state level, so Revere borrowers will see similar rates to those in surrounding Bucks County. However, working with a local lender or credit union familiar with the Palisades School District and Bucks County property nuances can provide a smoother process. Competition isn't as fierce as in urban Philly suburbs, but pre-approval from a reputable local lender strengthens your offer in Revere's steady market.
Nearby Cities
Explore mortgage lenders in cities near Revere, PA
Why Choose a Mortgage Lender in Revere?
Local Market Knowledge
Lenders who understand Revere'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 Revere and get competitive rates on your home loan.