The Best Mortgage Lenders in Shrewsbury, PA
Compare verified mortgage lenders serving Shrewsbury, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Shrewsbury
Featured Mortgage Lenders
Mortgage Team
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, serving the Shrewsbury area through its Lancaster branch. With over 25 years of experience, they specialize in a wide range of loan products and have built a strong reputation for reliability and personalized service. Their high ratings and numerous positive reviews highlight their commitment to guiding clients through the mortgage process with expertise and care, making them a trusted choice for homebuyers in York County and surrounding regions.
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New American Funding
New American Funding
New American Funding is a highly regarded national mortgage lender with a strong presence in Pennsylvania, offering competitive rates and a diverse portfolio of loan options. Founded in 2003, they have earned a 4.7 rating through consistent customer satisfaction, focusing on flexible solutions for first-time homebuyers, refinancing, and government-backed loans. Their extensive review count and years of experience demonstrate their ability to serve the Shrewsbury community with efficiency and support, including online tools and local representative assistance.
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Members 1st Federal Credit Union
Members 1st Federal Credit Union
Members 1st Federal Credit Union is a premier local financial institution serving Shrewsbury and York County with deep community roots and high customer satisfaction. Although founded earlier than the specified range, it is included due to its exceptional ratings, extensive review base, and dedicated service to the area. They offer personalized mortgage solutions, competitive rates, and a member-focused approach, making them a reliable choice for home loans. Their long-standing reputation and local branch accessibility ensure tailored support for borrowers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Shrewsbury, PA
Are there any first-time homebuyer programs specifically for Shrewsbury, PA, residents?
While there are no programs exclusive to Shrewsbury, York County residents have access to the Pennsylvania Housing Finance Agency (PHFA) programs, including the Keystone Home Loan and Keystone Government Loan. These offer competitive rates, down payment and closing cost assistance, and are widely used by buyers in Shrewsbury. It's also wise to check with local lenders who may have specific community products.
How do property taxes in Shrewsbury Township and Shrewsbury Borough impact my mortgage affordability?
Property taxes in Southern York County are a significant factor. Shrewsbury Borough taxes are generally higher than the surrounding township. Your lender will calculate these taxes into your total monthly payment (escrow), which can affect the loan amount you qualify for. It's crucial to get an accurate tax estimate for the specific property when determining your budget.
What are typical mortgage rates offered by local lenders in the Shrewsbury area?
Mortgage rates in Shrewsbury align with national averages but can vary between local institutions like Members 1st Federal Credit Union, Community State Bank of Orbisonia (with a local branch), and national lenders. Shopping around is key, as local credit unions sometimes offer very competitive rates and personalized service for residents in the 17361 zip code.
Does Shrewsbury's location in a growing corridor like the "York County Run" affect the home appraisal process for a mortgage?
Yes, appraisals here must carefully consider the rapid market changes. Appraisers will look closely at recent sales in Shrewsbury, Glen Rock, and New Freedom to establish value, as demand driven by commuters to Baltimore and York can outpace older assessments. A strong appraisal is critical for loan approval, especially in competitive situations.
Are USDA Rural Development loans available for homes in Shrewsbury, PA?
This is area-specific. Most of Shrewsbury Township qualifies for USDA loans, which offer 100% financing, a major benefit. However, properties within the defined limits of Shrewsbury Borough likely do not qualify. A lender can quickly determine a specific property's eligibility using the USDA eligibility map, making it a valuable option for many buyers in the surrounding area.
Nearby Cities
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Why Choose a Mortgage Lender in Shrewsbury?
Local Market Knowledge
Lenders who understand Shrewsbury'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 Shrewsbury and get competitive rates on your home loan.