Home Loan Options in the State of Pennsylvania
Pennsylvania, one of the original 13 colonies, is the home of the Liberty Bell and Independence Hall, where the Declaration of Independence was signed. If you're thinking of purchasing a home in one of America's most historic states, our local team of home finance specialists can't wait to lend you a hand. Our team wants to make sure you have the best information, so you can make a smart choice about buying a home in The Keystone State. In Pennsylvania, the current median home listing price sits at $166,362, which is substantially lower then the U.S. median listing price $261,500.
One of the most expensive cities to purchase a home in Pennsylvania is West Chester, with a median home listing price of $375,500. Another relatively pricey location is Bethlehem, where the median home listing price is $253,400. Philadelphia, one of the state's more popular cities, is considerably less expensive, with a median home listing price of $129,100. Even more affordable is Pittsburgh, with an average home listing price of $114,600.
At home.loans, we're focused on giving you the tools to empower you through the entire home purchasing process. No matter whether you're a first time home buyer, someone looking for a jumbo loan, or a future homeowner in search of a conventional loan, we can't wait to help you gain financial peace of mind while buying the home of your dreams.
Best Pennsylvania Mortgage Lender: Caliber Home Loans
A relative newcomer to the home finance market, Caliber Home Loans truly hit the ground running -- at top speed. For a company that has only been around since 2013, Caliber has made quite a reputation for itself as one of the top mortgage lenders in the region approved to originate all types of mortgages, including FHA, and VA mortgages.
The Caliber team is often lauded for their knowledge and sincerity during the mortgage transactions that they conduct. Getting a home loan can be particularly stressful, but the loan officers at Caliber are well known for keeping their borrowers informed and making sure home buyers never miss a beat during the mortgage transaction.
Home buyers can count on concise, and rapid responses to any questions that may come up during the mortgage process. With their new app, the mortgage preapproval and application process has been made even easier! A stunning dedication to providing home buyers with mortgage loans that are affordable and align with their goals is evident with the glowing pool of user reviews since Caliber’s birth only 6 years ago.
Best Pennsylvania Mortgage Refinance Lender: Loan Depot
As large as Loan Depot has become since its inception, there is no surprise that it would make a list such as this one. Truly a powerhouse when it comes to home finance, Loan Depot is no stranger to refinancing conventional and government-insured mortgages for the borrowers who need them.
The loan officers under the employ at Loan Depot are highly knowledgeable and well-trained individuals. Their expertise is shown clearly in the speed and ease of the mortgage transactions they take part in, And their uncompromised goal of providing down to the decimal quotes that hold true through closing, leaving the borrower with no surprises.
Customer service is a big deal for the Loan Depot team, and they typically do not disappoint. Past clients have been stunned by the lower than expected rates and fees, combined with speedy closings.
Best Pennsylvania FHA Mortgage Lender: GMH Mortgage Services, LLC
GMH Mortgage Services is headquartered in Conshohocken, PA, and focuses on local in-person offices and a high level of customer service, along with technical innovation and the use of new technologies to make things easier for borrowers. And, while it is headquartered in Pennsylvania, GMH has 25 offices in 22 states, so if you decide to move to another state and take out a loan, there’s a good chance you can become a repeat customer.
In addition to offering FHA loans, GMH also offers VA loans, which can be ideal for individuals who have served in the military or national guard (and eligible surviving spouses), as they have no required down payment and no required mortgage insurance.
Like most other modern lenders, potential borrowers can begin a mortgage application on the GMH website, and, if they do decide to choose GMH as their lender, they can make payments online throughout the duration of their loan.
Best Pennsylvania VA Mortgage Lender: CrossCountry Mortgage
CrossCountry Mortgage is one of the largest and fastest growing lenders in the United States. Since it was founded in 2003, CrossCountry Mortgage has done its best to meet the rapidly changing needs of the consumer. While it started as simply a small mortgage brokerage, today, CrossCountry Mortgage offers a wide variety of loans, including VA home loans, refinancing, home equity loans, and more.
While the company does have a robust online presence, with applications that can easily be filled out online, it also boasts a strong workforce of mortgage brokers. Its website even has an easy search function that allows potential borrowers to search for a mortgage broker by name or by branch location.
Best Pennsylvania Home Equity Lender: PNC Bank
A popular player in the mortgage industry that plays a large role in home equity financing is PNC Bank. It is one of the largest banking institutions in the country, servicing 19 states as well as the District of Columbia.
PNC bank not only offers home equity loans and HELOCs, but also their home equity rapid refinance loan, which essentially acts as a more streamlined and flexible approach to a cash-out refinance. PNC bank offers a plethora of draw methods on its popular HELOC product, and originates its home equity options at an incredible 89.9% LTV.
PNC’s online platform makes securely uploading important financial documentation requested for a loan approval fast and easy. PNC bank excels in providing an excellent customer experience both online and face-to-face. It is one of the few major lenders with an online platform as robust as the online-only options.
Shop Around Before You Get a Pennsylvania Home Loan
Our picks for the best mortgage lenders in Pennsylvania may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!