The Best Mortgage Lenders in Yatesboro, PA
Compare verified mortgage lenders serving Yatesboro, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Yatesboro
Featured Mortgage Lenders
Citizens & Northern Bank Mortgage Department
Citizens & Northern Bank
Citizens & Northern Bank is a highly-rated regional community bank with deep roots in Pennsylvania's Northern Tier region. Serving Yatesboro and surrounding rural communities, they offer personalized mortgage services with local decision-making. Their 4.8 rating reflects exceptional customer satisfaction, particularly for their understanding of rural property financing and agricultural needs. As a local institution with over 150 years of service, they provide competitive rates and flexible terms tailored to the region's unique housing market, including rural development loans perfect for Yatesboro area properties.
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Home Loan Investment Group
Home Loan Investment Bank, F.S.B.
Home Loan Investment Group maintains an exceptional 4.9 rating based on hundreds of customer reviews and has been serving Western Pennsylvania communities since 1996. Located in nearby Indiana, PA, they specialize in rural and small-town mortgage financing, making them an ideal choice for Yatesboro residents. Their expertise includes USDA rural development loans, which are particularly valuable for the Yatesboro area. Customers consistently praise their responsive service, competitive rates, and ability to navigate complex rural property transactions efficiently.
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Union Home Mortgage - Indiana Office
Union Home Mortgage Corp.
Union Home Mortgage brings national lending power with local expertise through their Indiana, PA office located approximately 30 minutes from Yatesboro. With a 4.7 rating and nearly 40 years in business, they offer comprehensive mortgage solutions including specialized rural lending programs. Their local loan officers have extensive knowledge of Armstrong County's real estate market and can provide personalized guidance for Yatesboro properties. The company is particularly noted for their construction lending expertise and ability to handle unique property situations common in rural Pennsylvania communities.
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Frequently Asked Questions
Common questions about mortgage lending in Yatesboro, PA
Are there any special mortgage programs for first-time homebuyers in Yatesboro, PA?
Yes, Pennsylvania offers the Keystone Home Loan Program through the Pennsylvania Housing Finance Agency (PHFA), which is accessible to Yatesboro residents. This program provides competitive fixed-rate mortgages, down payment and closing cost assistance, and is specifically designed for first-time and repeat homebuyers meeting income and purchase price limits. Working with a PHFA-approved lender in Armstrong County is the first step to access these benefits.
How do property taxes in Armstrong County affect my mortgage payments in Yatesboro?
Armstrong County has a relatively moderate property tax rate compared to the state average, which can help keep your total monthly mortgage payment (PITI) more affordable. For a typical Yatesboro home, lenders will calculate your escrow payments based on the county's millage rate and the assessed value of the property. It's important to get an accurate tax estimate during your home search, as this is a fixed cost that impacts your debt-to-income ratio.
What is the typical down payment needed for a home in Yatesboro's market?
Given Yatesboro's affordable housing market with median home prices well below state and national averages, down payments can be relatively low. Many buyers successfully use conventional loans with 3-5% down or FHA loans with 3.5% down. For a home in the $100,000 - $150,000 range common here, this translates to an initial investment of just $3,500 to $7,500, making homeownership very accessible.
Are USDA Rural Development loans available for Yatesboro home purchases?
Absolutely. Yatesboro is located in an area eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers. This is a significant advantage for the area, as it allows eligible individuals and families to purchase a home with no money down, provided the home meets USDA property guidelines and the buyer's income falls within the program limits for Armstrong County.
How does the appraisal process work for a manufactured or modular home in Yatesboro?
Yatesboro and surrounding areas have a higher prevalence of manufactured and modular homes. Securing a mortgage for these properties requires an appraiser familiar with this housing type and local land-lease or owned-lot arrangements. FHA, VA, and USDA loans can be used for manufactured homes if they are permanently affixed to a foundation and meet specific HUD guidelines. It's crucial to work with a lender experienced in these specific transactions in rural Pennsylvania.
Why Choose a Mortgage Lender in Yatesboro?
Local Market Knowledge
Lenders who understand Yatesboro'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 Yatesboro and get competitive rates on your home loan.