Media, PA Home Loans

Mortgage and Lending with Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, NMLS #138061 MMCD #1141

Media, PA Home Loans




     Media, PA is a suburb of Philadelphia and the county seat of Delaware county.  Just West of the city, Media is known as "Everybody's Hometown".  Media PA MortgageMore than a slogan, this is the feeling of being in Media.  With history dating back to William Penn and still pronounced and accessible throughout the area, Media, though small in size, is huge in entertainment, theatre, and dining establishments.  Media is part of the 19063 zip code, along with several other towns.





     In the calendar year 2013, there were 57 homes sold in Media with an average sales price of $280,610.  The highest priced home in this time frame sold for $535,000 and the lowest priced home sold for $104,900.  The average "days on market" for Media, PA in 2013 was 81.  Within this price range, Media offers the opportunity for everyone to own a piece of "Everyone's hometown" and enjoy a small town, suburban lifestyle with easy access to Philadelphia and the surrounding areas. 


Media, PA FHA Loans


     Media, PA FHA Loans require only 3.5% down payment, which can be 100% gift funds.  Also allowing up to 6% sellers assistance, the FHA loan program makes it possible to buy a Media, PA home with little money out of pocket.  Being in Delaware county, FHA allows for a maximum base loan amount of $379,500 for single family home buyers in Media.


     FHA loans offer tremendous benefit to Media, PA home buyers.  Rates are low, and are more forgiving of imperfect credit than conventional loans.  They are also assumable, which is a nice feature for home owners should rates rise in the future.


     The one down side of an FHA loan is the PMI associated with these loans.  With less than a 10% down payment, the PMI is expensive and permanent.  Many buyers who use FHA loans will later refinance to remove the PMI for this reason.



Media, PA Conventional Loans


     Conventional loans are another great option for Media, PA home buyers.  Conventional loans require a 5% down payment, offer low rates, and typically have lower cost PMI than FHA loans (especially for those with good credit).  For those with 20% or more down payment, there is no mortgage insurance on a conventional loan.  The maximum loan amount for conventional loans in Newtown Square is $417,000.


     Conventional loans in Media also allow for sellers assistance to help a buyer with closing costs.  With less than 10% down, a seller can contribute up to 3% of the purchase price of a home toward the buyers cost.  With more than 10% down, contributions are capped at 6%.


     Conventional loans are more sensitive to credit scores, so those with low FICO scores will see rates different from those with excellent credit.  PMI on conventional loans is also tiered on a sliding scale based on FICO score & down payment percentage.



Other Loan Programs


Media, PA VA loans are available for eligible veterans in Media and allow for up to 100% financing with a maximum loan amount of $417,000.  VA loans also allow for sellers assist, so it's possible for qualified veterans to obtain the dream of home ownership with little to no money out of pocket.


Media, PA Jumbo loans are loans exceeding the maximum loan amounts that other programs are capped at.  In Media, jumbo loans are available up to $3,000,000 with a large down payment.  For certain jumbo programs, up to 90% of a home purchase can be financed with NO PMI.  Jumbo loans in Media, PA can have even lower rates than conventional loan options, and allow home buyers to finance a much larger amount of money.  Jumbo loans are a tremendous option for Media, PA home buyers looking to buy more expensive properties.

Media, PA Portfolio "Niche" products are those products that fit unique borrowers.  Asset depletion programs, loans for foreign nationals, or for unique properties all fall into "portfolio lending".  These niche products ensure that buyers with all types of backgrounds & financial situations can obtain a loan. 


If you have questions on a loan product or program, you can get an immediate answer here.


     Media, PA offers buyers the wonderful opportunity of home ownership in a lively suburban setting close enough for quick trips to nearby Philadelphia and the rest of the Main Line.  If you're considering buying or selling a home in Media, I'd strongly recommend speaking with Lori Rogers of Keller Williams.  Lori is local to Media, very familiar with the market, and provides both buyers and sellers with an excellent level of service.  For a free market analysis, you can call Lori at 610-517-1517.


  If you have any questions about a Media, PA mortgage, don't hesitate to give me a call at 484.680.4852 or ask an expert here.  I specialize in residential home purchases AND refinances.


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Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

John Muessner offers buyers the wonderful opportunity of home ownership in a lively suburban setting for Media PA. 

Mortgage Lenders are a dime a dozen like real estate agents but knowing the right one to pick is not rocket science when they read your blogs. WOW you certainly know your market.

Sep 12, 2014 09:14 PM #1
Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

Great information about Media, PA. And you have provided some great data about home sales as well.

Sep 13, 2014 09:53 AM #2
Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Some good information about Media PA and with the proper agent partner you should be able to service their loans just fine

Sep 13, 2014 10:06 AM #3
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Bob - thank you, sir.  I try to be an expert in all of the areas that I do business in- fortunately, I grew up near Media so that one's easy! 


Sharon - thanks for the comment, tried to provide insight on the mortgage programs and the market movement on a yearly basis.


Ed - thank you for stopping by.  I know some wonderful agents in the Media area, and along with their help, we help many home buyers in the area - it's a tremendous place to live.

Sep 13, 2014 03:49 PM #4
Shannon Milligan, Richmond VA Real Estate Agent/Associate Broker
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

I used to live in Chester County and Bucks County, however never visited Media PA. It sounds like a great place to live! 

I really like the way you outline the programs available to Media PA home buyers, very educational and I know those looking to buy will find this very informative!

Sep 14, 2014 10:38 PM #5
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Thanks Shannon, Media is a great spot to call home.

Sep 15, 2014 01:13 AM #6
Suzanne Otto
Six Twenty Designs - Lansdale, PA
Your Montgomery County PA home stager

I lived in Media for a couple years when I first moved to PA. It was definitely a great town to live in. 

Sep 15, 2014 01:18 AM #7
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

John Meussner ~ you are the best! I hope folks that are interested in buying a home call on you for any and all lending needs...

Sep 15, 2014 02:04 AM #8
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

John, Thanks for the information on Media, PA. You are a trusted lending professional with a wealth of knowledge and experience. Anyone looking for a Media PA home loan can hire you with confidence!

Sep 15, 2014 06:17 AM #9
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

John, I really like that you started off by telling us some stuff about Media!  Sounds like a great place to live and work.

Sep 15, 2014 10:56 AM #10
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

John, Good information for home buyers looking to buy a home in media. I did not know that your grew up in Media.

Sep 16, 2014 08:58 PM #11
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John Meussner

#MortgageMadeEasy Walnut Creek, CA 484-680-4852
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