The Best Mortgage Lenders in Rowland, PA
Compare verified mortgage lenders serving Rowland, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rowland
Featured Mortgage Lenders
John Smith (Example Contact)
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is highly regarded in Northeastern Pennsylvania for its exceptional customer service and competitive rates. With over 28 years of experience, they specialize in a wide range of loan options and have a strong local presence in the Pocono Mountains region, including Rowland. Their team is known for personalized service, fast processing times, and high customer satisfaction, backed by numerous positive reviews praising their reliability and expertise in rural and suburban mortgages.
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Jane Doe (Example Contact)
New American Funding
New American Funding offers versatile mortgage solutions with a focus on inclusivity and competitive pricing, serving Rowland and surrounding areas from their Scranton office. Founded in 2003, they have built a reputation for transparency, flexible loan programs, and excellent customer support. Their high ratings and substantial review count reflect a commitment to helping borrowers in Pennsylvania's rural communities, with experts skilled in navigating various loan types and providing tailored advice.
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Robert Johnson (Example Contact)
Guaranteed Rate
Guaranteed Rate is a nationally recognized mortgage lender with a strong local presence in Northeastern Pennsylvania, known for its innovative online tools and competitive rates. Since 2000, they have provided reliable service to Rowland residents, offering a broad spectrum of loan products and efficient processing. Their high customer ratings and extensive review history highlight their dedication to simplicity and speed in the mortgage process, making them a top choice for homebuyers seeking dependable financing options.
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Frequently Asked Questions
Common questions about mortgage lending in Rowland, PA
What are the typical down payment requirements for a home in Rowland, PA, given its rural market?
In Rowland's more affordable rural market, many conventional loans are available with down payments as low as 3-5%. For the area's median home price, this can be a manageable amount. Local lenders are also well-versed in USDA Rural Development loans, which offer 0% down payment options for eligible properties and borrowers in this designated rural area.
Are there any first-time homebuyer programs specific to Pike County or Rowland that I should know about?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers statewide programs like Keystone Home Loan and HOPE for Homeowners, which are accessible in Rowland. These can provide competitive interest rates, down payment, and closing cost assistance. It's also wise to check with local community banks or credit unions, as they may have special programs for first-time buyers in the Pocono region.
How does Rowland's location in the Poconos affect property taxes and insurance costs for my mortgage?
Property taxes in Rowland and Pike County are generally moderate compared to more urban parts of Pennsylvania, which can help with overall mortgage affordability. However, homeowners insurance may have specific considerations for wooded, rural properties, such as coverage for detached structures or wildfire risk, which can slightly increase monthly escrow payments.
What type of property appraisal challenges are common for mortgages on Rowland's rural and wooded lots?
Appraisals in Rowland can be complex due to unique properties, large land parcels, and fewer comparable home sales ("comps"). Lenders with local experience are crucial, as they understand how to value properties with wells, septic systems, and significant acreage. This process may take slightly longer than in a suburban subdivision.
Is it difficult to find lenders familiar with Rowland's real estate market, and should I use a local bank?
While national lenders are an option, using a local bank or credit union with branches in Pike County is highly advantageous. They have specific knowledge of the area's property types, values, and the nuances of USDA loans, which are very relevant here. This local expertise can streamline the mortgage process and provide more personalized service for your Rowland home purchase.
Why Choose a Mortgage Lender in Rowland?
Local Market Knowledge
Lenders who understand Rowland'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 Rowland and get competitive rates on your home loan.