There are plenty of lenders in Pennsylvania PA to choose from. However, you also have loan programs that you cannot find in many other states.
When searching for loan programs in Pennsylvania PA, it is important to understand how long you plan to be in your home, your ability to document your income, and the payment you can afford and qualify for.
Make sure the lenders in Pennsylvania PA you are working with has access to all of the loan options in Pennsylvania including stated income loans if you happen to be self employed. Stated Income Loans In Pennsylvania PA are available and that is a huge advantage if you cannot document your income and have at least 30% to put down on a purchase. It is difficult to find these programs in many states but they are available in Pennsylvania and the rates are great too.
Here is a list of some of the mortgage loan programs available in Pennsylvania PA
- Fixed Rate Loans
- Adjustable Rate Loans
- Balloon Mortgage Loans
- Jumbo Mortgage Loans
- High Balance Mortgage Loans
- FHA Mortgage Loans
- VA Mortgage Loans
- Stated Income Mortgage Loans
- No Income Mortgage Loans
- Interest Only Mortgage Loans
- USDA Mortgage Loans
- Reverse Mortgage Loans
- Home Equity Products
...and much more !
Before you sit with a loan officer, be sure to be prepared with the required loan documents that he/she will need to help you with your loan. You can view a list of those mortgage documents HERE
You can also see what kind of payment you are comfortable with by going through some scenarios yourself. You can download a free mortgage calculator HERE
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