The Best Mortgage Lenders in Sunbury, PA
Compare verified mortgage lenders serving Sunbury, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sunbury
Featured Mortgage Lenders
Members 1st Federal Credit Union
Members 1st Federal Credit Union
Members 1st is a highly-rated credit union with a strong local presence in central Pennsylvania, serving Sunbury residents from their nearby Selinsgrove branch. They are known for competitive mortgage rates, personalized service, and a wide range of loan options. With decades of community trust and high customer satisfaction scores, they excel in providing tailored mortgage solutions and exceptional support throughout the home buying process.
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Allied Mortgage Group
Allied Mortgage Group
Allied Mortgage Group is a reputable mortgage broker with nearly three decades of experience serving Pennsylvania, including the Sunbury area. They boast high customer ratings for their personalized approach, competitive rates, and expertise in various loan programs. Their team is dedicated to guiding clients through every step of the mortgage process, making them a top choice for reliable and efficient service in the region.
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New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a strong track record of high customer satisfaction and competitive rates. They serve Sunbury through dedicated local loan officers and offer a comprehensive range of mortgage products. Known for their innovative technology and commitment to diversity, they provide efficient, reliable service and have consistently high ratings for their responsive support and flexible lending options.
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Frequently Asked Questions
Common questions about mortgage lending in Sunbury, PA
Are there any special first-time homebuyer programs available in Sunbury, PA?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers several programs, including the Keystone Home Loan and the Keystone Government Loan, which are widely accessible in Sunbury. These programs often feature competitive interest rates, down payment and closing cost assistance, and are excellent for buyers in Northumberland County's more affordable market. A local lender familiar with PHFA can guide you through the specific eligibility and application process.
How do property taxes in Sunbury and Northumberland County impact my mortgage affordability?
Northumberland County property taxes are a significant factor in your total monthly payment. While home prices in Sunbury are relatively low, the county's effective tax rate is above the national average. Your lender will calculate these taxes into your debt-to-income ratio, so it's crucial to get a precise tax estimate for any property you're considering to ensure it fits your overall budget.
What is the typical down payment needed for a home in Sunbury's market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Sunbury utilize conventional loans with 3-5% down or FHA loans with 3.5% down, thanks to the area's median home price being well below state and national averages. Local credit unions and community banks often have flexible portfolio loan options that may also accommodate lower down payments for qualified buyers.
Does Sunbury's location in a flood zone affect the mortgage process?
Properties near the Susquehanna River may be in designated flood zones, which is a critical consideration. If the home is in a Special Flood Hazard Area, your lender will require flood insurance as a condition of the loan. This is an additional, mandatory cost that must be included in your escrow payment, so it's essential to factor this into your affordability calculations for riverside properties.
Are USDA rural housing loans available for homes in Sunbury, PA?
Yes, Sunbury and much of the surrounding Northumberland County are eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is a powerful program for eligible buyers with moderate incomes looking in this area, as it can make homeownership immediately accessible. A mortgage broker experienced with USDA loans can confirm specific property and borrower eligibility.
Nearby Cities
Explore mortgage lenders in cities near Sunbury, PA
Why Choose a Mortgage Lender in Sunbury?
Local Market Knowledge
Lenders who understand Sunbury'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 Sunbury and get competitive rates on your home loan.