The Best Mortgage Lenders in Riverside, PA
Compare verified mortgage lenders serving Riverside, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Riverside
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with over two decades of experience, known for its exceptional customer service and competitive rates. They have a strong local presence in Central Pennsylvania, including Riverside, and offer a wide range of loan products with personalized guidance. Their high review scores reflect reliability, quick processing times, and a commitment to community involvement.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly reputable mortgage lender with a robust online platform and local offices serving the Riverside area. They are praised for competitive rates, transparent processes, and efficient digital tools that simplify home financing. With thousands of positive reviews, they excel in customer satisfaction and offer a variety of loan options tailored to individual needs.
Loan Types:
New American Funding
New American Funding
New American Funding stands out for its inclusive lending programs and strong customer service, with a focus on first-time homebuyers and diverse communities. They have a solid presence in Pennsylvania, including Riverside, and are recognized for flexible loan terms and responsive support. Their high ratings stem from a track record of reliability and community-focused initiatives.
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Frequently Asked Questions
Common questions about mortgage lending in Riverside, PA
Are there any special first-time homebuyer programs available in Riverside, PA?
Yes, Riverside homebuyers can access Pennsylvania's statewide PHFA (Pennsylvania Housing Finance Agency) programs, which offer competitive interest rates, down payment and closing cost assistance, and special loans like the Keystone Government Loan. Additionally, Luzerne County may have local initiatives or grants, so it's wise to check with a local mortgage lender familiar with the area's specific offerings.
How do property taxes in Riverside, PA, impact my mortgage payment and affordability?
Luzerne County, where Riverside is located, has property tax rates that are generally moderate for Pennsylvania. Your lender will include an estimated monthly amount for taxes in your mortgage payment, held in escrow. It's crucial to get an accurate tax assessment when budgeting, as taxes can vary between boroughs and significantly affect your total monthly housing cost.
What is the typical down payment needed for a home in Riverside's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Riverside utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's relatively affordable home prices compared to larger metros. Local PHFA programs can also help with down payment assistance for qualified buyers.
Are USDA loans a viable option for mortgages in Riverside, PA?
Yes, Riverside is located in a USDA-eligible rural area, making $0-down USDA loans a potential option for many buyers. This can be a significant advantage for eligible borrowers looking to purchase in Riverside or the surrounding townships, as it allows for homeownership with minimal upfront cash. A local lender can confirm the specific property's eligibility.
How do I find a lender familiar with Riverside's specific real estate market and challenges?
It's highly recommended to work with a local mortgage broker or loan officer based in Luzerne County or the Greater Wilkes-Barre/Scranton area. They will have expertise with local appraisals, understand the nuances of older home inventories common in Riverside, and be best connected to regional down payment assistance programs and title companies.
Nearby Cities
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Why Choose a Mortgage Lender in Riverside?
Local Market Knowledge
Lenders who understand Riverside'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 Riverside and get competitive rates on your home loan.