The Best Mortgage Lenders in York, PA
Compare verified mortgage lenders serving York, Pennsylvania. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in York
Featured Mortgage Lenders
Fulton Mortgage Company
Fulton Bank, N.A.
Fulton Mortgage Company, a division of Fulton Bank, stands out as one of York's most trusted local mortgage lenders with deep community roots spanning over 140 years. They consistently receive exceptional ratings for their personalized service, competitive rates, and local underwriting expertise. As a regional banking institution, they offer the stability of a large financial organization while maintaining the personalized attention of a local lender, with mortgage specialists who understand the specific needs of York County homebuyers.
Loan Types:
Members 1st Mortgage Services
Members 1st Federal Credit Union
Members 1st Federal Credit Union consistently ranks among Pennsylvania's highest-rated mortgage lenders, serving York County with exceptional customer satisfaction ratings. Their mortgage team specializes in first-time homebuyer programs and offers highly competitive rates to members. With numerous local branches throughout central Pennsylvania and a reputation for outstanding member service, they provide the perfect combination of local expertise and financial strength, making the mortgage process smooth and transparent for York area homebuyers.
Loan Types:
Orrstown Bank Mortgage
Orrstown Bank
Orrstown Bank has built an outstanding reputation throughout southcentral Pennsylvania as a community-focused mortgage lender with deep roots in York County. Their local mortgage officers provide personalized service and competitive rates, with particular expertise in rural and suburban properties throughout the region. As a well-established community bank with over a century of service, they offer the advantage of local decision-making and underwriting, ensuring a smooth mortgage process for York homebuyers while maintaining the highest standards of customer care and reliability.
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Frequently Asked Questions
Common questions about mortgage lending in York, PA
Are there any special first-time homebuyer programs available specifically for York, PA?
Yes, the York City Homebuyer Assistance Program offers up to $10,000 in down payment and closing cost assistance for first-time buyers purchasing a home within York City limits. Additionally, the Pennsylvania Housing Finance Agency (PHFA) offers its Keystone Home Loan programs statewide, which are widely used in York County and often feature competitive rates and down payment assistance.
How do property tax rates in York County affect my mortgage payment and affordability?
York County has relatively moderate property tax rates compared to other parts of Pennsylvania, which can improve overall affordability. However, rates vary by school district, with some like Central York and Dallastown Area being higher. Your lender will calculate these taxes into your monthly escrow payment, so it's crucial to factor in the specific millage rate of the property's municipality when determining your total monthly mortgage cost.
What is a typical down payment needed for a mortgage on a home in York's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in York successfully purchase homes with 3-5% down using conventional loans, or 3.5% down with an FHA loan. Given York's median home price is below the national average, the dollar amount needed for a down payment is often more achievable, especially when combined with state or local assistance programs.
Does York, PA, have any specific loan programs for revitalizing homes in its historic neighborhoods?
Yes, the York County Economic Development Corporation, in partnership with local banks, often administers special renovation loans like the FHA 203(k) or Homestyle Renovation loans. These are particularly valuable for buying and fixing up properties in historic districts like the Royal Square District or in the City's designated redevelopment areas, allowing you to finance both purchase and repairs in one mortgage.
How competitive is the mortgage lending environment in York, and should I use a local bank or a national lender?
York has a highly competitive lending landscape with strong local credit unions (like Members 1st), community banks, and national lenders all vying for business. Local lenders often have deeper knowledge of York's unique neighborhoods and appraisal values, and may offer more flexibility or special programs for county residents. It's advisable to get quotes from both types to secure the best rate and service.
Nearby Cities
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Why Choose a Mortgage Lender in York?
Local Market Knowledge
Lenders who understand York'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 York and get competitive rates on your home loan.