The Best Mortgage Lenders in Wexford, PA
Compare verified mortgage lenders serving Wexford, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Wexford
Featured Mortgage Lenders
Howard Hanna Mortgage Services
Howard Hanna Financial Services
Howard Hanna Mortgage Services stands out as one of the top-rated mortgage lenders in Wexford with deep local roots and extensive experience. As part of the largest family-owned and operated independent full-service real estate company in the nation, they offer personalized service and local market expertise. Their mortgage professionals have strong relationships with local real estate agents and deep knowledge of the North Hills and Greater Pittsburgh housing markets. They consistently receive high marks for their responsive communication, competitive rates, and ability to close loans efficiently. With multiple loan options and in-house processing, they provide a streamlined mortgage experience from application to closing.
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Dollar Bank Mortgage Center
Dollar Bank, FSB
Dollar Bank is one of the largest independent mutual banks in the United States with a strong presence throughout Western Pennsylvania, including dedicated service to Wexford residents. With over 160 years of banking experience, they offer exceptional stability and reliability in mortgage lending. Their mortgage specialists are praised for their local market knowledge and personalized approach to each borrower's unique situation. Dollar Bank is particularly noted for competitive interest rates, low closing costs, and their commitment to keeping mortgages in-house rather than selling them to third-party servicers. They offer a comprehensive range of loan products and have received numerous awards for customer satisfaction and community banking excellence.
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New American Funding - Cranberry Township
New American Funding
New American Funding has established a strong presence in the Wexford area through their nearby Cranberry Township office, serving borrowers throughout the North Hills region. As a direct lender with their own underwriting and funding capabilities, they offer faster processing times and more personalized service than many larger institutions. They are particularly recognized for their innovative loan programs and commitment to serving diverse communities, including special programs for self-employed borrowers and those with unique financial situations. Customer reviews consistently highlight their responsive communication, transparent process, and competitive rates. Their local loan officers have extensive knowledge of the Wexford real estate market and maintain strong relationships with area real estate professionals.
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Frequently Asked Questions
Common questions about mortgage lending in Wexford, PA
What are the typical down payment requirements for homes in Wexford, PA, given the higher-than-average home prices?
For Wexford's competitive market, where median home prices often exceed the national average, a 20% down payment is common to avoid private mortgage insurance (PMI). However, many lenders offer conventional loans with as little as 3-5% down, and FHA loans with 3.5% down are also an option, though they may be less competitive in multiple-offer situations common in sought-after North Allegheny School District areas.
Are there any local or county-specific first-time homebuyer assistance programs available in Wexford?
While Wexford itself does not have a municipal program, Allegheny County offers the "Action Housing" program, which provides down payment and closing cost assistance grants to eligible first-time buyers in the county. Additionally, the Pennsylvania Housing Finance Agency (PHFA) offers Keystone Home Loan programs with favorable rates and down payment assistance, which are accessible to Wexford buyers who meet income and purchase price limits.
How do property taxes in Wexford and Allegheny County impact my mortgage qualification and monthly payment?
Property taxes in Wexford and Allegheny County are significant, often ranging from 1.8% to 2.2% of the home's assessed value. Lenders will include this high escrow amount in your debt-to-income (DTI) ratio calculation, which can reduce your purchasing power. It's crucial to get a precise tax estimate early in your pre-approval process to avoid surprises in your total monthly mortgage payment (PITI).
What type of mortgage rate trends should I expect when buying in Wexford compared to national averages?
Mortgage rates in Wexford generally align with national averages, as they are set by broader economic forces. However, your specific rate can be influenced by local lender competition and your financial profile. Given the high home values, even a small difference in rate can have a large financial impact, so it's advisable to shop among local banks, credit unions, and national lenders serving the Pittsburgh North Hills market.
Are jumbo loans common in Wexford, and what are the specific requirements?
Yes, jumbo loans are very common in Wexford due to many homes exceeding the conforming loan limit ($ in 2024). Requirements are stricter than for conventional loans, typically requiring a credit score of 700 or higher, a down payment of 10-20% or more, and significant cash reserves (often 6-12 months of mortgage payments). Local lenders with expertise in the North Hills luxury market are often best equipped to handle these loans.
Nearby Cities
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Why Choose a Mortgage Lender in Wexford?
Local Market Knowledge
Lenders who understand Wexford'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 Wexford and get competitive rates on your home loan.