The Best Mortgage Lenders in Telford, PA
Compare verified mortgage lenders serving Telford, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Telford
Featured Mortgage Lenders
Michael DiPietro
Benchmark Mortgage
Benchmark Mortgage is a highly-rated national lender with strong local presence through experienced loan officers like Michael DiPietro. With exceptional 4.9-star ratings across multiple review platforms, they specialize in personalized mortgage solutions for Telford area homebuyers. Their team offers competitive rates on all major loan types and is particularly noted for their responsive communication throughout the entire mortgage process. The Montgomeryville location provides convenient access for Telford residents seeking professional mortgage guidance.
Loan Types:
Mortgage Department
Univest Bank and Trust Co.
Univest Bank and Trust Co. has been serving the Telford community for decades with their comprehensive mortgage services. As a well-established regional financial institution with deep roots in Montgomery and Bucks Counties, they offer competitive rates and exceptional local service. Their mortgage team is praised for their expertise in navigating complex loan scenarios and providing educational guidance to first-time homebuyers. With multiple branches throughout the region, they provide convenient in-person service combined with digital convenience.
Loan Types:
Mortgage Lending Team
First Northern Bank & Trust Company
First Northern Bank & Trust Company is a respected regional lender that actively serves the Telford area with competitive mortgage products and exceptional customer service. While headquartered in Bensalem, they have built a strong reputation throughout Eastern Pennsylvania for their personalized approach to mortgage lending. Customers consistently praise their transparent communication, local underwriting decisions, and competitive rate offerings. Their construction-to-permanent loan programs are particularly popular in the growing Telford market, and they maintain strong relationships with local real estate professionals.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Telford, PA
Are there any first-time homebuyer programs specifically for Telford, PA, residents?
Yes, Telford homebuyers can access the Pennsylvania Housing Finance Agency (PHFA) programs, which offer down payment and closing cost assistance, as well as competitive fixed-rate mortgages. Additionally, Montgomery County offers the HOMEstead program, which provides down payment and closing cost assistance up to $10,000 for eligible buyers in the county, including Telford.
How does Telford's location in both Montgomery and Bucks Counties affect my mortgage process?
Telford's unique position spanning two counties means your property's specific location will determine which county's recorder of deeds and assessment office handles your transaction. This can slightly affect the timing and specific local fees or transfer taxes. Your lender and title company will need to verify the exact jurisdiction to ensure all local requirements are met.
What are typical property taxes for a home in Telford, PA, and how do they impact mortgage affordability?
Property tax rates in the Telford area vary between the borough and surrounding townships but generally range from approximately 20 to 30 mills. For a $300,000 home, this translates to roughly $6,000 to $9,000 annually. Lenders will include this significant expense in your debt-to-income ratio, so it's crucial to factor taxes into your overall budget when determining how much house you can afford.
Are USDA rural development loans available for homes in Telford, PA?
Yes, due to its designation, much of the Telford area is eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a significant advantage for eligible buyers with moderate incomes looking to purchase in this specific market, making homeownership more accessible. You should confirm the specific property's eligibility using the USDA's online eligibility map.
How competitive is the Telford housing market, and what should I know about mortgage pre-approval when making an offer?
The Telford market is competitive, with desirable inventory often receiving multiple offers. Having a strong, verified pre-approval from a reputable local lender is essential to make your offer stand out. Sellers and their agents strongly prefer buyers who are pre-approved with a lender familiar with Pennsylvania and local county processes, as it provides confidence the transaction will close smoothly.
Nearby Cities
Explore mortgage lenders in cities near Telford, PA
Why Choose a Mortgage Lender in Telford?
Local Market Knowledge
Lenders who understand Telford'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 Telford and get competitive rates on your home loan.