The Best Mortgage Lenders in Sterling, PA
Compare verified mortgage lenders serving Sterling, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sterling
Featured Mortgage Lenders
Guardian Mortgage Company, Inc.
Guardian Mortgage Company, Inc.
Guardian Mortgage has been serving Northeastern Pennsylvania communities including Sterling for over two decades with exceptional customer satisfaction ratings. As a locally-owned and operated mortgage lender, they specialize in personalized service and competitive rates for both purchase and refinance loans. Their team has deep knowledge of the local real estate market in Wayne County and surrounding areas, offering flexible underwriting and quick closing times that have earned them numerous positive reviews from homebuyers throughout the region.
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Fulton Mortgage Company
Fulton Mortgage Company
Fulton Mortgage Company, a division of Fulton Bank, has been serving Pennsylvania communities for three decades with a strong reputation for reliability and competitive mortgage products. They maintain a significant presence throughout Northeastern PA and offer comprehensive lending services to Sterling area residents. Their experienced loan officers provide personalized guidance through the entire mortgage process, with particular expertise in rural properties and first-time homebuyer programs. The company consistently receives high marks for customer service and transparent communication.
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Newrez LLC
Newrez LLC
Newrez (formerly New Penn Financial) maintains a strong operational presence in Pennsylvania with dedicated loan officers serving the Sterling area. With over 15 years of experience and nationwide lending capabilities, they offer competitive rates and a wide variety of loan products. Their Pennsylvania-based team has extensive knowledge of local market conditions and provides efficient processing with digital mortgage capabilities. Customers consistently praise their responsive service and ability to handle complex financing scenarios, making them a top choice for Sterling area homebuyers seeking reliable national lending resources with local expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Sterling, PA
Are there any special mortgage programs for first-time homebuyers in Sterling, PA?
Yes, Pennsylvania offers the Keystone Home Loan Program through the Pennsylvania Housing Finance Agency (PHFA), which is available to eligible first-time and repeat homebuyers in Sterling. This program provides competitive fixed-rate mortgages, often with down payment and closing cost assistance grants like the Keystone Advantage Assistance Loan. Given Sterling's rural setting in Wayne County, buyers may also explore USDA Rural Development loans, which offer 100% financing.
How do property taxes in Wayne County impact my mortgage payments in Sterling?
Wayne County has relatively moderate property tax rates compared to more urban areas of Pennsylvania. For a typical Sterling home, annual property taxes often range from 1.5% to 2.0% of the home's assessed value. Your lender will calculate an estimated monthly tax payment for your escrow account, which is a significant factor in your total monthly mortgage payment, so it's important to get an accurate assessment during your home search.
What are typical mortgage rates and lender availability for a home in a rural area like Sterling?
While national rates set the baseline, borrowers in Sterling may find slightly varied rates depending on the lender's footprint. Local and regional banks, as well as credit unions familiar with Wayne County, are often competitive. For Sterling's rural properties, rates for USDA or FHA loans might be particularly relevant, and it's advisable to compare offers from lenders experienced with the local market's appraisal and underwriting processes.
Does buying a home with land or acreage in Sterling complicate the mortgage process?
Yes, purchasing a property with significant acreage (beyond a typical residential lot) can add complexity. Many conventional loans have limits on acceptable acreage. For larger parcels common in the Sterling area, you may need to work with a lender specializing in rural properties or consider a portfolio loan from a local bank that understands the local land values. An accurate appraisal that properly values both the home and the land is crucial.
Are there any local down payment assistance programs specific to Sterling or Wayne County?
While state programs like PHFA are primary, Sterling homebuyers should inquire with the Wayne County Housing Authority about any locally administered assistance or grants. Some community banks may also offer special programs for low-to-moderate income buyers in their service area. Additionally, certain employers in the region, such as in healthcare or education, may have partnerships with lenders for favorable mortgage terms.
Why Choose a Mortgage Lender in Sterling?
Local Market Knowledge
Lenders who understand Sterling'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 Sterling and get competitive rates on your home loan.