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Shohola, PA

The Best Mortgage Lenders in Shohola, PA

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

3
Top Lenders
4.8
Avg Rating
372+
Reviews
10
Loan Types

Available Loan Programs in Shohola

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
ARM
Investment Properties

Featured Mortgage Lenders

1

Mortgage Department

Wayne Bank

★★★★☆
4.8/5

Wayne Bank stands out as a premier community bank serving the Shohola area with deep roots in Northeast Pennsylvania. As a local institution with over 150 years of history, they offer personalized mortgage services with local decision-making. Their mortgage team understands the unique needs of Pike County homeowners, including rural properties and vacation homes common in the Shohola area. Customers consistently praise their responsive service, competitive rates, and the ability to work directly with local loan officers who understand the regional real estate market.

Experience:15 years
Reviews:89 customer reviews
602 Route 6 and 209, Matamoras, PA 18336

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Mortgage Team

Axia Home Loans

★★★★☆
4.9/5

Axia Home Loans has built an exceptional reputation throughout the Poconos region, including serving Shohola residents with dedicated mortgage services. As a locally-owned and operated mortgage company, they combine the expertise of large lenders with the personalized service of a boutique firm. Their team specializes in navigating the unique aspects of Pennsylvania mountain and rural properties, offering competitive rates and streamlined processes. With numerous five-star reviews highlighting their communication and efficiency, they're particularly recommended for first-time homebuyers and complex property financing.

Experience:12 years
Reviews:127 customer reviews
12 S 6th St, Stroudsburg, PA 18360

Loan Types:

ConventionalFHAVAUSDAJumboFirst-time HomebuyerRefinance
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3

Mortgage Division

Guaranteed Rate

★★★★☆
4.7/5

Guaranteed Rate brings national lending power with strong local presence through their Pocono Mountains office. They serve Shohola homeowners with advanced digital mortgage technology combined with local expertise. As one of the largest retail mortgage lenders in the U.S., they offer competitive rates and a wide variety of loan products. Their local team understands the specific needs of the Shohola market, including seasonal homes, rural properties, and the unique appraisal challenges in Pike County. Customers consistently praise their efficient online process and the knowledge of their local loan officers who understand the area's real estate dynamics.

Experience:10 years
Reviews:156 customer reviews
62 Washington St, East Stroudsburg, PA 18301

Loan Types:

ConventionalFHAVAUSDAJumboARMRefinanceInvestment Properties
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Frequently Asked Questions

Common questions about mortgage lending in Shohola, PA

What are the typical down payment requirements for homes in Shohola, PA, given its mix of rural and lakefront properties?

Down payments in Shohola vary by property type. For a conventional loan on a primary residence, 5-20% is standard, but lakefront or acreage properties may require 20% or more due to lender risk assessments. It's crucial to work with a lender experienced in Pike County's unique property types to get accurate requirements for your specific purchase.

Are there any local or county-specific first-time homebuyer assistance programs available in Shohola?

Yes, the Pike County Housing Authority occasionally administers down payment and closing cost assistance programs for income-eligible first-time buyers. Additionally, Pennsylvania's PHFA (Pennsylvania Housing Finance Agency) Keystone Home Loan programs are widely accessible in Shohola and offer competitive rates, down payment assistance, and grants, which are valuable given the area's moderate income levels.

How does Shohola's location in a high-flood-risk area near the Delaware River impact the mortgage process?

Properties in designated flood zones, common near Lake Wallenpaupack or the river, will require mandatory flood insurance as a condition of the mortgage. This adds a significant ongoing cost, and lenders will order a Flood Zone Determination early in the process. It's essential to factor this insurance premium into your total monthly housing budget.

What should I know about getting a mortgage for a home with well and septic in Shohola?

Lenders will require water potability and septic system inspections for homes not on public utilities, which is common in Shohola's rural areas. The mortgage appraisal will also be conditioned on these systems passing inspection. Any failures must be repaired prior to closing, so it's wise to budget for potential well or septic work during your due diligence period.

How do property taxes in Shohola Township and the Wallenpaupack Area School District affect mortgage qualification?

Pike County property taxes are relatively moderate for Pennsylvania, but lenders will include your estimated annual taxes (along with insurance) in your total monthly payment (PITI) when calculating your debt-to-income ratio. It's important to get an accurate tax estimate early, as taxes can vary between Shohola Township and specific developments, impacting how much home you can qualify for.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Shohola, PA

Searching for "house lenders near me" is one of the most crucial steps in your journey to homeownership in Shohola. It’s more than just finding a name on a map; it’s about connecting with a financial partner who understands the unique character and market dynamics of our beautiful corner of Pike County. The right local lender can be the difference between a smooth closing on your dream property and a stressful, uncertain process.

In Shohola, the housing market presents a distinct blend of serene lakefront properties, wooded retreats, and charming rural homes. This diversity means your financing needs might be different from someone buying in a city suburb. A lender familiar with the area will understand appraisals for homes with wells and septic systems, the value of acreage, and even the nuances of properties near the Delaware River or Lake Wallenpaupack. They’ve likely worked with the local title companies and attorneys, ensuring a more coordinated and efficient closing process.

When looking for lenders, think beyond big national banks. Start by asking for recommendations from your local real estate agent—they see which lenders perform reliably time and again. Explore community banks and credit unions with branches in nearby Milford or Hawley. These institutions often have a vested interest in lending within the community and may offer more personalized service. Don’t overlook local mortgage brokers, either. They can shop multiple loan programs on your behalf, which is invaluable for finding the best fit.

Pennsylvania offers several programs that a knowledgeable local lender can help you navigate. The Pennsylvania Housing Finance Agency (PHFA) provides first-time homebuyer programs with competitive interest rates and down payment assistance. Given that Shohola attracts many first-time buyers and those seeking vacation homes, these programs can be a game-changer. A lender experienced with PHFA’s requirements can expertly guide you through the application process.

Your actionable first step? Schedule consultations with at least three different types of lenders: a local credit union, a community bank, and a mortgage broker. Come prepared with questions about their experience with Shohola properties, their familiarity with PA-specific programs like PHFA, and their average timeline to close. Pay close attention to how they communicate; you want a responsive partner who explains the steps clearly.

Ultimately, your "house lender near me" should feel like a trusted guide. They should appreciate your goal of owning a home in Shohola’s peaceful landscape as much as you do. By choosing a professional with local expertise, you’re not just securing a loan—you’re gaining an advocate who will help you unlock the door to your new life in Pike County.

Nearby Cities

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Why Choose a Mortgage Lender in Shohola?

Local Market Knowledge

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