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Shawville, PA

The Best Mortgage Lenders in Shawville, PA

Compare verified mortgage lenders serving Shawville, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.5
Avg Rating
255+
Reviews
11
Loan Types

Available Loan Programs in Shawville

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
Fixed-Rate
Adjustable-Rate
First-Time Homebuyer
Lot Loans

Featured Mortgage Lenders

1

S&T Bank Mortgage Department

S&T Bank

★★★★☆
4.5/5

S&T Bank is a highly-regarded regional bank with deep roots in Pennsylvania, serving Shawville and surrounding Clearfield County areas for over a century. Their mortgage team receives excellent reviews for personalized service and local decision-making. As a community-focused institution, they offer competitive rates and have specialized knowledge of rural Pennsylvania property financing, including USDA loans ideal for Shawville's location. Their long-standing presence and commitment to local communities make them a top choice for residential mortgages in the region.

Experience:120 years
Reviews:85 customer reviews
800 Philadelphia Street, Indiana, PA 15701

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Clearfield Bank & Trust Co. Mortgage Division

Clearfield Bank & Trust Company

★★★★☆
4.6/5

Clearfield Bank & Trust has been serving central Pennsylvania communities including Shawville for over 140 years, making them one of the most established local mortgage lenders in the area. They consistently receive high marks for their knowledgeable loan officers who understand the unique aspects of rural Pennsylvania real estate. The bank offers competitive mortgage products with local underwriting and decision-making, ensuring personalized service throughout the loan process. Their deep community involvement and extensive experience with local property types make them exceptionally well-suited for Shawville homebuyers.

Experience:140 years
Reviews:92 customer reviews
2 South Second Street, Clearfield, PA 16830

Loan Types:

ConventionalFHAVAUSDAFixed-RateAdjustable-RateConstructionRefinance
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3

CNB Bank Mortgage Services

CNB Bank

★★★★☆
4.4/5

CNB Bank is another longstanding Pennsylvania financial institution with strong presence in Clearfield County and surrounding areas including Shawville. With over 150 years of service, they have built an excellent reputation for mortgage lending with competitive rates and flexible terms. Their mortgage specialists are praised for guiding borrowers through the entire process with clear communication and local expertise. CNB offers specialized rural housing programs and has particular strength in construction and lot loans, which are valuable for buyers in Shawville's more rural setting. Their commitment to community banking ensures personalized service and local decision-making.

Experience:150 years
Reviews:78 customer reviews
1 South Second Street, Clearfield, PA 16830

Loan Types:

ConventionalFHAVAUSDAFirst-Time HomebuyerConstructionLot LoansRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Shawville, PA

Are there any special mortgage programs for first-time homebuyers in Shawville, PA?

Yes, Pennsylvania offers the Keystone Home Loan Program through the Pennsylvania Housing Finance Agency (PHFA), which is available to Shawville residents. This program provides competitive fixed-rate mortgages, down payment and closing cost assistance, and is particularly helpful for buyers with moderate incomes. Local lenders in Clearfield County are well-versed in these programs and can guide you through the application process.

How do property taxes in Shawville and Clearfield County impact my mortgage affordability?

Clearfield County has relatively modest property tax rates compared to more urban areas of Pennsylvania, which can improve overall housing affordability. When calculating your mortgage payment, lenders will include an escrow for these taxes. It's wise to get an estimate of the annual tax bill for any specific Shawville property, as rates can vary slightly between municipalities within the county.

What is the typical down payment needed for a home in Shawville's market?

While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Shawville utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's affordable home prices. For a typical single-family home in Shawville, this can mean a down payment requirement in the range of $5,000 to $15,000, making homeownership accessible.

Are USDA rural development loans a viable option for mortgages in Shawville, PA?

Absolutely. Shawville's location qualifies it for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is a significant advantage for buyers looking in this area, as it removes the largest upfront barrier to homeownership. You'll need to work with a lender approved for USDA loans and meet specific income eligibility limits for Clearfield County.

How does the appraisal process work for a home in a small town like Shawville, given the limited number of recent comparable sales?

This is a common challenge in rural markets. Appraisers will look at the most recent sales in Shawville and may expand their search to similar nearby towns like Clearfield or Curwensville to find comparable properties ("comps"). It's helpful to provide your lender with any unique features or improvements you know about the property to ensure the appraisal accurately reflects its value.

Mortgage Insights

Finding Your Guide: Why a Local Mortgage Loan Officer is Key to Buying in Shawville

If you’re starting the exciting journey to buy a home in Shawville, you’ve likely searched “mortgage loan officer near me.” That instinct is spot on. In a close-knit community and a specific housing market like ours, partnering with a local mortgage professional isn’t just convenient—it’s a strategic advantage. Here’s why and how to find the right partner for your Pennsylvania home purchase.

Shawville’s real estate market has its own unique rhythm. We see a mix of historic homes with character, newer developments, and more rural properties with land. A loan officer based in or deeply familiar with Clearfield County understands the subtle factors that affect appraisals here, from the value of a well-maintained older home to the nuances of a property with a septic system. They don’t see your potential home as just an address; they understand its context in our local market, which is crucial for a smooth valuation process.

On a practical level, working with someone local means face-to-face meetings are easy. You can sit down, review paperwork, and ask questions without a three-hour drive. More importantly, a local loan officer has established relationships with area real estate agents, title companies, and home inspectors. This network can be invaluable, often helping your offer stand out in a competitive situation or smoothing over unexpected bumps during the closing process, which typically happens right here at the Clearfield County Courthouse.

Pennsylvania offers several programs that a knowledgeable local loan officer can help you navigate. The Pennsylvania Housing Finance Agency (PHFA) provides first-time homebuyer programs with competitive interest rates and down payment assistance. There’s also the Keystone Advantage Assistance Loan program, which can be a game-changer for eligible buyers. A loan officer familiar with these programs can quickly determine if you qualify and integrate them into your financing plan, something a national call-center lender might overlook.

Your actionable first step? Go beyond the search bar. Ask for referrals from your Shawville-area real estate agent, friends, or family who have recently bought locally. When you interview potential loan officers, ask them direct questions: “How many homes have you financed in Clearfield County in the last year?” “Can you walk me through the PHFA programs I might qualify for?” “What local lenders or credit unions do you often work with?” Their answers will tell you if they have the boots-on-the-ground experience you need.

Buying a home is one of the biggest financial decisions you’ll make. In Shawville, having a trusted local mortgage loan officer by your side means you have an expert who understands both the numbers on your application and the unique landscape of our community. They become your advocate, ensuring your dream of homeownership here is built on the most solid foundation possible.

Nearby Cities

Explore mortgage lenders in cities near Shawville, PA

Why Choose a Mortgage Lender in Shawville?

Local Market Knowledge

Lenders who understand Shawville'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 Shawville and get competitive rates on your home loan.