The Best Mortgage Lenders in Union Dale, PA
Compare verified mortgage lenders serving Union Dale, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Union Dale
Featured Mortgage Lenders
Hometrust Mortgage Company
Hometrust Mortgage Company
Hometrust Mortgage Company has been a trusted lender in northeastern Pennsylvania for over 25 years, with a strong local presence in Scranton serving Union Dale and surrounding areas. They are highly rated for their personalized service, competitive rates, and expertise in various loan programs. Customers praise their responsive communication and smooth closing processes, making them a top choice for homebuyers in Susquehanna County.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized lender with a dedicated Scranton branch that actively serves the Union Dale community. They are known for their competitive rates, diverse loan options, and strong commitment to customer satisfaction. With numerous positive reviews highlighting their efficient processing and helpful staff, they have built a reputation for making home financing accessible and straightforward for borrowers in rural and suburban Pennsylvania.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation has a strong regional presence in Scranton, providing exceptional mortgage services to Union Dale and northeastern Pennsylvania. They are acclaimed for their competitive rates, extensive loan portfolio, and high level of customer care. With decades of experience, they offer personalized guidance through the homebuying process, earning top ratings for reliability and community involvement in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Union Dale, PA
Are there any special mortgage programs for first-time homebuyers in Union Dale, 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 Union Dale. This program provides competitive fixed-rate mortgages, down payment and closing cost assistance, and can be combined with PHFA's HOMEstead program for additional funds. Given Union Dale's rural setting in Susquehanna County, buyers may also explore USDA Rural Development loans, which offer 100% financing.
How do property taxes in Susquehanna County impact my mortgage payments in Union Dale?
Susquehanna County has relatively low property tax rates compared to the state average, which is a significant advantage for Union Dale homeowners. Your lender will calculate an escrow payment as part of your monthly mortgage to cover these annual taxes. It's wise to confirm the exact millage rate with the Susquehanna County Tax Assessment Office, as rates can vary slightly between boroughs and townships, affecting your total monthly payment.
What type of property appraisal challenges are common for mortgages in Union Dale's rural market?
Appraisals in Union Dale can be complex due to the scarcity of recent, comparable home sales ("comps") in its rural setting. Unique properties with acreage, wells, and septic systems require appraisers with specific rural expertise. To avoid delays, work with a local lender who understands the market and can order appraisals from professionals familiar with Susquehanna County's unique property types.
Are there local credit unions or banks in Union Dale that offer competitive mortgage rates?
While Union Dale itself is a small borough, homebuyers often find competitive rates and personalized service through regional institutions serving Susquehanna County, such as Pennstar Bank or Community Bank N.A. These local lenders often have a deep understanding of the area's property values and can be more flexible. It's always recommended to compare their offers with those from statewide lenders and mortgage brokers.
Does buying a home in Union Dale qualify me for a USDA Rural Development loan?
Absolutely. Union Dale, PA, is located in an area designated as "rural" by the USDA, making most homes in and around the borough eligible for USDA Single Family Housing Guaranteed Loans. This is a key program for the area, as it requires no down payment and offers competitive interest rates, making homeownership more accessible for moderate-income buyers in this specific market.
Nearby Cities
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Why Choose a Mortgage Lender in Union Dale?
Local Market Knowledge
Lenders who understand Union Dale'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 Union Dale and get competitive rates on your home loan.