The Best Mortgage Lenders in Slatington, PA
Compare verified mortgage lenders serving Slatington, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Slatington
Featured Mortgage Lenders
Tom Zernhelt
First Commonwealth Federal Credit Union
First Commonwealth Federal Credit Union is consistently rated among the top mortgage lenders in the Lehigh Valley region serving Slatington. As a not-for-profit credit union, they offer highly competitive rates and personalized service. Their mortgage team has extensive experience with all loan types and specializes in first-time homebuyer programs. Members consistently praise their transparent process, low closing costs, and exceptional customer service throughout the mortgage journey.
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Chris Sitoski
New American Funding
New American Funding has built an excellent reputation in the Slatington area for their diverse loan programs and commitment to underserved communities. They offer unique programs like their "Sign & Save" refinance and have special initiatives for minority homebuyers. Local reviews highlight their responsive communication, fast closing times, and ability to handle complex financial situations. Their Allentown branch specifically serves the Northern Lehigh County region including Slatington.
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Mark R. Tomsic
Members 1st Federal Credit Union
Members 1st Federal Credit Union has a strong presence throughout the Lehigh Valley and serves Slatington residents with comprehensive mortgage services. They're particularly noted for their construction and renovation loan expertise, which is valuable in Slatington's growing market. Customers consistently rate them highly for their local underwriting decisions, competitive rates, and educational approach to the homebuying process. Their long-standing community involvement and member-focused approach make them a trusted choice.
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Frequently Asked Questions
Common questions about mortgage lending in Slatington, PA
Are there any special mortgage programs for first-time homebuyers in Slatington, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers several programs, including the Keystone Home Loan and Keystone Government Loan, which are widely used in Slatington. These programs often feature competitive, below-market interest rates and can be combined with down payment and closing cost assistance grants, making homeownership more accessible in Lehigh County.
How do property taxes in Slatington impact my mortgage payments?
Lehigh County property taxes are a significant component of your monthly escrow payment. Slatington's millage rates are generally lower than many surrounding areas in the Lehigh Valley, which can make overall housing costs more affordable. Your lender will use the county's assessed value to calculate an estimated annual tax, which is divided into monthly payments included in your mortgage.
What are typical down payment requirements for homes in Slatington's market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Slatington utilize conventional loans with 3-5% down or FHA loans with 3.5% down. Given the area's relatively affordable home prices compared to Allentown or Bethlehem, saving for a down payment on a Slatington home is often more achievable for local buyers.
Does Slatington's location in a flood zone affect mortgage requirements?
Properties located in or near Slatington's floodplains, especially those close to the Lehigh River or creeks, will likely require flood insurance as a condition of the mortgage. Your lender will order a Flood Zone Determination, and if required, you must secure a policy before closing, which will be included in your monthly escrow payment.
Are USDA rural housing loans available for Slatington, PA?
Yes, Slatington is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a significant advantage for eligible buyers, as it makes purchasing a home in this area more accessible. You must meet income eligibility requirements and the home must be located within the USDA-defined eligible area, which covers most of the borough.
Nearby Cities
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Why Choose a Mortgage Lender in Slatington?
Local Market Knowledge
Lenders who understand Slatington'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 Slatington and get competitive rates on your home loan.