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Shrewsbury, PA

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.

3
Top Lenders
4.7
Avg Rating
950+
Reviews
9
Loan Types

Available Loan Programs in Shrewsbury

Conventional
FHA
VA
USDA
Jumbo
Refinance
ARM
Mortgage Loans
Home Equity

Featured Mortgage Lenders

1

Mortgage Team

Fairway Independent Mortgage Corporation

★★★★☆
4.8/5

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.

Experience:27 years
Reviews:250 customer reviews
2108 Oregon Pike, Lancaster, PA 17601

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

New American Funding

New American Funding

★★★★☆
4.7/5

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.

Experience:20 years
Reviews:300 customer reviews
14511 Myford Road, Irvine, CA 92606 (serves Shrewsbury area nationally)

Loan Types:

ConventionalFHAVAUSDAJumboARMRefinance
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3

Members 1st Federal Credit Union

Members 1st Federal Credit Union

★★★★☆
4.5/5

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.

Experience:73 years (established in 1950, with a strong local presence)
Reviews:400 customer reviews
1000 Members Drive, York, PA 17404

Loan Types:

Mortgage LoansHome EquityRefinanceConventionalFHAVA
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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.

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Agent is Key to Buying in Shrewsbury

Searching for "home loan agents near me" in Shrewsbury, PA, is more than just a convenience—it's a strategic first step in your homebuying journey. In a charming community like ours, where the market can feel both competitive and uniquely personal, having a local expert in your corner isn't just helpful; it's essential. A Shrewsbury-based mortgage professional brings invaluable knowledge of our specific market dynamics, from the desirable neighborhoods off Forrest Avenue to the more rural properties on the outskirts, ensuring your financing strategy is tailored to what you're actually buying.

The Shrewsbury and Southern York County market presents its own set of opportunities and challenges. You might be looking at a historic home in the borough with its own character, or a newer construction in one of the surrounding developments. A local agent understands the subtle price differences between these areas and can advise on appraisals accordingly. They're also familiar with local sellers and real estate agents, which can sometimes help in crafting a stronger, more credible offer. In a market where a well-prepared buyer stands out, having a local loan agent pre-approve you sends a powerful message that you're serious and ready.

From a state perspective, Pennsylvania offers several programs that a knowledgeable local agent can help you navigate. The Pennsylvania Housing Finance Agency (PHFA) provides first-time homebuyer programs with competitive interest rates and down payment assistance. A Shrewsbury-based agent will know if these programs align with homes in your price range here and can guide you through the application process. They also understand the nuances of Pennsylvania's closing costs and real estate taxes, helping you budget accurately for the full picture of homeownership in York County.

So, what actionable steps should you take? First, don't just search online—ask for referrals. Talk to your Shrewsbury real estate agent, friends, or colleagues who have recently bought locally. They can recommend agents who are responsive and understand the area. When you interview potential agents, ask them specific, local questions: "What are common appraisal issues in older Shrewsbury homes?" or "How do you see current market trends affecting loan terms in the 17361 zip code?" Their answers will immediately tell you if they have the ground-level knowledge you need.

Ultimately, your home loan agent is your financial guide through one of life's biggest purchases. In a tight-knit community like Shrewsbury, choosing someone who knows the lay of the land—literally and figuratively—can make the difference between a stressful process and a successful path to holding the keys to your new home. Start your search locally, and you'll build a team that’s invested in helping you plant roots right here in Southern York County.

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.