The Best Mortgage Lenders in Wyoming, PA
Compare verified mortgage lenders serving Wyoming, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Wyoming
Featured Mortgage Lenders
First Heritage Mortgage
First Heritage Mortgage, LLC
First Heritage Mortgage is a highly-rated local lender deeply rooted in Northeastern Pennsylvania, including Wyoming, PA. With over two decades of experience, they are known for personalized service, competitive rates, and expertise in various loan types. Their strong community presence and commitment to customer satisfaction make them a top choice for homebuyers in the area, backed by numerous positive reviews highlighting their reliability and efficient processing.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a strong local office in Scranton, serving Wyoming, PA. They offer a wide range of competitive loan products and are praised for their digital tools and exceptional customer service. With high ratings and substantial review counts, they provide efficient, transparent processes and have a reputation for closing loans quickly, making them a preferred option for many homebuyers in the region.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated lender with a local branch in Scranton that actively serves Wyoming, PA. They are known for their extensive loan options, competitive rates, and dedicated local loan officers who provide personalized guidance. With two decades of experience, they have built a strong reputation for reliability and customer satisfaction, supported by hundreds of positive reviews emphasizing their responsiveness and expertise in navigating the mortgage process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Wyoming, PA
Are there any first-time homebuyer programs specific to Wyoming, PA that can help with down payment or closing costs?
Yes, the Pennsylvania Housing Finance Agency (PHFA) offers the Keystone Home Loan Program and the Keystone Government Loan, which are available statewide, including in Wyoming. These programs provide competitive interest rates and down payment/closing cost assistance, such as the Keystone Assistance Loan, which is a second mortgage offering up to 4% of the home's purchase price. Local lenders in the Wyoming area are well-versed in these programs and can guide you through the application process.
How do property taxes in Wyoming Borough and surrounding Luzerne County impact my mortgage affordability?
Luzerne County property taxes are a significant factor in your total monthly payment. The county's effective property tax rate is moderately high compared to national averages, which means your lender will calculate a higher escrow payment. It's crucial to get a precise tax estimate for your specific property, as rates can vary slightly between municipalities, and factor this into your overall budget when determining how much house you can afford in the Wyoming area.
What are typical mortgage rates offered by local lenders in Wyoming, PA, and how do they compare to national averages?
Mortgage rates in Wyoming, PA, are generally aligned with national averages, as they are influenced by broader economic factors. However, you may find slight variations between local community banks, credit unions like the Polish American Citizens Club Credit Union, and national lenders. Building a relationship with a local lender can sometimes provide access to competitive portfolio loan products or special promotions not widely advertised.
Does the older housing stock in Wyoming, PA, present any unique challenges for mortgage approval, like required repairs?
Yes, many homes in Wyoming are historic or older, which can affect mortgage appraisals and inspections. If you're using an FHA or VA loan, the property must meet specific safety and livability standards. An older home might need repairs (e.g., to the roof, foundation, or electrical systems) to qualify, which could necessitate using an FHA 203(k) renovation loan or negotiating repairs with the seller before closing. A thorough home inspection is highly recommended.
Are there any local grant or assistance programs for homebuyers in Wyoming, PA, beyond the state programs?
While Wyoming Borough itself does not currently offer a municipal grant program, homebuyers should explore county-wide initiatives through Luzerne County's Office of Community Development and non-profits like the Housing Development Corporation of Northeast Pennsylvania. These organizations occasionally offer grants or soft-second mortgages for income-eligible buyers purchasing within specific target areas, which can include parts of Luzerne County. Checking with a local mortgage officer for the latest opportunities is key.
Why Choose a Mortgage Lender in Wyoming?
Local Market Knowledge
Lenders who understand Wyoming'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 Wyoming and get competitive rates on your home loan.