The Best Mortgage Lenders in Sharon Hill, PA
Compare verified mortgage lenders serving Sharon Hill, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sharon Hill
Featured Mortgage Lenders
Michael McCann
First Trust Mortgage
First Trust Mortgage is a highly-rated local mortgage broker serving the Delaware County area including Sharon Hill. With over two decades of experience, they've built an exceptional reputation for personalized service and competitive rates. Their team of experienced loan officers provides comprehensive guidance through the entire mortgage process, specializing in first-time homebuyer programs and various government-backed loans. Their extensive local market knowledge and commitment to customer satisfaction make them a top choice for Sharon Hill residents seeking a smooth, transparent mortgage experience.
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Main Line Mortgage Solutions
Main Line Mortgage Solutions
Serving the entire Philadelphia metropolitan area including Sharon Hill, Main Line Mortgage Solutions has established itself as one of the region's most reliable mortgage brokers. They excel at finding creative financing solutions for diverse borrower profiles and are particularly skilled with complex loan scenarios. Their team maintains strong relationships with multiple lenders, allowing them to secure competitive rates and flexible terms. With hundreds of satisfied customers throughout Delaware County, they're known for their responsive communication and thorough guidance through every step of the mortgage process.
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Tom Anderson
Guaranteed Rate
Guaranteed Rate combines national lending power with strong local presence through their Radnor office, which actively serves Sharon Hill and surrounding communities. As one of the largest retail mortgage lenders in the country, they offer competitive rates and a streamlined digital mortgage experience while maintaining personalized local service. Their innovative technology platform allows for efficient application processing and real-time rate updates. The local team brings extensive experience with Pennsylvania mortgage regulations and Delaware County housing markets, providing Sharon Hill homebuyers with both national resources and local expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Sharon Hill, PA
Are there any special first-time homebuyer programs available specifically for Sharon Hill, PA?
Yes, the Delaware County HOME Consortium offers the HOMEstead Downpayment and Closing Cost Assistance Program, which is available to eligible first-time homebuyers in Sharon Hill. This program provides a deferred, forgivable loan of up to $10,000 to assist with down payment and closing costs. Eligibility is based on income limits and the purchase of a home within the consortium's service area, which includes Sharon Hill.
How do property tax rates in Sharon Hill affect my monthly mortgage payment?
Sharon Hill has a relatively high property tax rate compared to national averages, which significantly impacts your monthly PITI (Principal, Interest, Taxes, Insurance) payment. For 2024, the combined millage rate for Sharon Hill Borough and the Southeast Delco School District is approximately 39.5 mills. When budgeting for a mortgage, it's crucial to factor in these taxes, as they can add several hundred dollars to your monthly payment on a typical home.
What are the common types of mortgages used by homebuyers in Sharon Hill given its older housing stock?
Due to the prevalence of older homes (many built pre-1950), FHA 203(k) Rehabilitation Loans and Conventional loans are particularly popular in Sharon Hill. The FHA 203(k) loan allows buyers to finance both the purchase and the cost of repairs into one mortgage, which is ideal for updating older systems. Many local lenders are familiar with these products and the specific appraisal considerations for historic or aging properties in the area.
Is homeowner's insurance more expensive for mortgages in Sharon Hill, and why?
Yes, homeowner's insurance premiums in Sharon Hill tend to be higher than the Pennsylvania average, which directly affects your total monthly mortgage payment. This is primarily due to the borough's older housing inventory, which presents higher risks for claims related to plumbing, electrical, and roofing systems. Shopping around with insurers familiar with Delaware County is essential to find the best rate for your specific property.
How does the appraisal process work for a mortgage on a Sharon Hill row home or twin?
Appraising attached homes like row homes and twins in Sharon Hill requires an appraiser with strong local market knowledge. They will heavily rely on recent sales of comparable properties (comps) within a very tight geographic radius, often just a few blocks, due to significant value variations between neighborhoods. Unique features, the condition of shared walls, and the quality of recent renovations on your specific block will be critical in determining the final appraised value.
Why Choose a Mortgage Lender in Sharon Hill?
Local Market Knowledge
Lenders who understand Sharon Hill'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 Sharon Hill and get competitive rates on your home loan.