Mortgage Lender in PA
We know that buying a home is one of the biggest financial decisions anyone can make, which is why it’s important to have the right mortgage lender in your corner to help with financing.
Buying your home is exciting, but can be stressful.
Luckily getting your mortgage doesn’t have to be.
Whether you’re a first time home buyer, building your dream home or downsizing, Pennian Bank, a trusted mortgage lender in Pennsylvania has a flexible, competitive residential mortgage option that’s right for you.
Our local community mortgage lenders will work with you to figure out what residential mortgage financing option is right for your unique situation. We offer options for:
First Time Home Buyers
Qualified first time home buyers may be eligible for a residential mortgage with:
- Low down payment options.
- Competitive rates and lower closing costs compared to larger banks.
Talk to our experts about a first time home buyer mortgage today.
Fixed Rate and Adjustable Rate Mortgages
- Fixed rate mortgage applicants lock in a fixed monthly rate for the life of the loan.
- Adjustable rate mortgage (ARM) applicants will have an interest rate that will fluctuate with
the market.
Apply online for a fixed rate and adjustable rate mortgage today.
Construction Mortgages
Turn Blueprints into Your Dream Home
We know building a home can be stressful, but your financing shouldn’t be!
Our Construction Loans are used to fund the building process from breaking ground to moving day.
- One application and one closing
- One loan – construction financing converts to a permanent mortgage when the home is complete.
- Available in Jumbo
- Serviced and retained in-house at Pennian Bank
- Fixed rate with term options
- Interest only during the construction period
- Construction draws in stages based on the work completed.
*Programs available to qualified borrowers. Property insurance required and flood insurance may be required. Terms and conditions are subject to change without notice. Subject to underwriting terms and conditions. Some restrictions may apply.
Home Equity Line of Credit
Are you looking for a way to use the equity in your home to help finance your dreams? Pennian Bank’s Choice Home Equity Line of Credit could be the right option for you! The convenience and flexibility of the Choice HELOC allows you to finance life’s expected or unexpected expenses.
Learn more about our Choice Home Equity Line of Credit.
We also offer residential mortgage options for:
- Jumbo Loans
Contact any of our local mortgage lender experts to talk more about your residential mortgage options or apply online today!
*Loans are subject to credit approval.
Mortgage FAQs
What makes up a mortgage payment?
Principal and interest are the two main components of a mortgage payment. The
principal is the amount you borrowed for your loan and have to pay back, while the
interest is what the lender charges to lend you the money.
Most borrowers also opt to use an escrow account to include property taxes, private
mortgage insurance (if applicable), flood insurance (if applicable) and homeowner’s
insurance. This allows you to pay a set amount per month, rather than pay a lump
sum at the time the payments are due. Your lender will then pay those bills on your
behalf when they come due.
How long does the mortgage process take?
The time it takes to obtain a mortgage can vary, but generally you can expect
anywhere from 30-60 days. Some things can delay the process, such as missing
documentation, title issues, negotiations with the seller, appraisals, inspections and
repairs.
What’s the difference between pre-approval and pre-qualification?
Pre-approval and pre-qualification can be helpful for different reasons. A prequalification assesses your overall creditworthiness, based on information you
provide, such as income and assets. For a pre-qualification, your credit is typically
not pulled. Pre-qualifications also do not request supporting documents, so it only
gives you an estimate of what you may be able to borrow, without verifying the
information provided.
A pre-approval is a more in-depth review of your creditworthiness. For a preapproval, you provide verified information to the lender to include proof of income,
assets and employment. During this process, a credit check will be performed and
all this information will be given reviewed by an underwriter. A pre-approval is a
conditional commitment from the lender, which gives you a competitive advantage
when making an offer on a home.
Why should I choose Pennian Bank as my mortgage lender?
Community banks, like Pennian Bank, offer homebuyers some unique advantages.
Because community banks are generally smaller, they can offer direct access to
mortgage originators, ensuring you have someone to walk you through your home
buying journey. Our Pennian Bank team lives and works in your community, so you
can rest assured that your mortgage is in the hands of someone you can trust.
Choosing Pennian Bank as your mortgage lender also means that your money stays
in the community, unlike choosing a larger, national institution. We reinvest our
dollars back into the communities we serve, helping our local economies thrive.
Pennian Bank offers competitive rates and a variety of products and terms to help
meet your unique needs. Our local teams and decision-making allow us to help you
get to closing day faster!
Meet Your Mortgage Lending Team
Our team of professionals offers years of experience in helping people finance the homes of their dreams. Contact any one of our lenders or stop into any Pennian Bank office for more information.
Shawn Proper
Senior Vice President, Director of Mortgage and Consumer Lending
717-436-2144 ext. 29036
