The Best Mortgage Lenders in Waverly, PA
Compare verified mortgage lenders serving Waverly, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Waverly
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in Northeastern Pennsylvania, including service to Waverly. Known for competitive rates, digital efficiency, and exceptional customer service, they offer a wide range of loan products. Their Moosic office provides personalized support, and they have consistently high ratings for transparency and fast closings, making them a reliable choice for homebuyers in the area.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is highly regarded in the Scranton-Waverly region for its personalized service and extensive loan options. With a focus on community engagement and customer satisfaction, they have built a reputation for guiding clients through the mortgage process smoothly. Their local team offers expertise in various loan types, and they are praised for responsive communication and competitive rates, supported by numerous positive reviews.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a premier lender serving Waverly and the broader Northeastern PA area, renowned for its outstanding customer service and community involvement. With decades of experience, they offer tailored mortgage solutions and have a track record of high customer satisfaction. Their Scranton office provides local expertise, competitive rates, and a seamless loan process, earning them top ratings for reliability and support.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Waverly, PA
Are there any special mortgage programs for first-time homebuyers in Waverly, 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 buyers in Waverly. This program provides competitive fixed-rate mortgages, often with down payment and closing cost assistance. Additionally, some local lenders in Lackawanna County may offer specific grants or favorable terms for buyers in Waverly's market.
How do property taxes in Waverly, PA, impact my mortgage qualification and monthly payment?
Property taxes in Waverly (within Abington Heights School District) are a significant component of your monthly escrow payment. Lackawanna County's millage rates mean your annual tax bill can be substantial relative to home value. Lenders will factor this into your debt-to-income ratio, so it's crucial to get an accurate tax estimate when determining how much house you can afford in this area.
What are typical mortgage rates offered by local lenders in Waverly compared to national averages?
Mortgage rates in Waverly are generally aligned with national averages but can vary slightly between local institutions like Fidelity Deposit & Discount Bank, Pennstar Bank, and larger national lenders. It's wise to shop locally, as some community banks may offer relationship discounts or specialized products for the Northeastern Pennsylvania market that can be competitive.
Does Waverly's location in a flood zone affect the mortgage process?
Parts of Waverly are near the Leggett's Creek basin, so lenders will require a flood zone determination. If the property is in a Special Flood Hazard Area (SFHA), you will be mandated to purchase flood insurance as a condition of the mortgage, which will increase your monthly housing costs. This is a critical due diligence step when considering homes in lower-lying areas of the community.
Are USDA loans a viable option for homes in Waverly, PA, given its semi-rural setting?
While Waverly itself is generally considered too developed to qualify for USDA Rural Development loans, several surrounding areas in Lackawanna County may be eligible. For a property to qualify, it must be located in a USDA-designated rural area. Your lender can help determine eligibility, which could provide a zero-down-payment option for qualifying buyers looking just outside Waverly's core.
Why Choose a Mortgage Lender in Waverly?
Local Market Knowledge
Lenders who understand Waverly'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 Waverly and get competitive rates on your home loan.