Pennsylvania Mortgage Rates

August 3, 2015 09:18 PM Eastern

Refinance rates now in PHILADELPHIA, PA [Change this]

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Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

30 Year Fixed

Interest Rate
3.625%
APR
3.735%
Monthly Payment
$913
Sebonic Financial
30 Year Fixed
Interest Rate
3.625%
APR
3.735%
Monthly Payment
$913
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $913
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $913
Lender Fees $2,682
Lender Credit $0
Total Closing Fees* $2,682
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Worked for me

Yes, I recommend this lender

After a bad try at a loan with Loan Depot it was a pleasure to deal with these people. Rate and costs were ok.

By: Anonymous (Miami)

Very Honest

Yes, I recommend this lender

They met all of their commitments. Totally issue and stress free process.

By: Alan (South Carolina)

The MOST ill-informed loan officers!

Yes, I recommend this lender

Last week I called and spoke to a loan officer bc I had a special situation involving a personal BK that was discharged 4 years prior.. so per FNMA guidelines I was passed the waiting period and eligible for a new mortgage. I wanted to sell my house (iib) and before we even got to the loan qualification part.. the loan officer told me I could NOT sell my house as I am no longer the owner. The bank is the rightful owner since I went through bk. I told him he was wrong and I disagreed.. He check with his underwriter.. and confirmed he was correct. YOU LOST A LOAN BUDDY DUE TO YOUR LACK OF KNOWLEDGE! I would imagine other loan officers at Sebonic have the same training. DON'T WASTE YOUR TIME WITH THESE PEOPLE. GO TO A FIRM THAT FULLY UNDERSTAND THE BUSINESS!

By: TLBC (RALEIGH, NC)
See All Reviews
Consumer Direct Mortgage, a division of FirstBank
30 Year Fixed (FHA)
Interest Rate
3.250%
APR
4.136%
Monthly Payment
$1,005
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $871
Estimated Mortgage Insurance Payments $134
Total Monthly Mortgage Payment $1,005
Lender Fees $4,250
Lender Credit $0
Total Closing Fees* $4,250
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Highly recommend!

Yes, I recommend this lender

Incredibly attentive. An absolute joy to work with. Highly recommend!

By: hk4394 (Milton, FL)

Mikes Refinance

Yes, I recommend this lender

Had a great experience with Consumer Direct. It was a non painful refinance and a great rate. Pat and Jamie were a pleasure to work with and always responded to me in a timely manner, whether it be by email or phone. 2 thumbs up!!!!

By: Anonymous (Boynton Beach, FL)

Mikes Refinance

Yes, I recommend this lender

I had a great experience working with Consumer Direct. Very professional, caring and actually returned my calls right away when I had any questions or concerns about my loan. I would highly recommend this company. (and I got a great rate!!!!) Mike

By: Robinson (Boynton Beach, FL)
See All Reviews

15 Year Fixed

Interest Rate
2.750%
APR
2.912%
Monthly Payment
$1,358
Consumer Direct Mortgage, a division of FirstBank
15 Year Fixed
Interest Rate
2.750%
APR
2.912%
Monthly Payment
$1,358
(855) 997-1825 Contact
Consumer Direct Mortgage, a division of FirstBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,358
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,358
Lender Fees $2,250
Lender Credit $0
Total Closing Fees* $2,250
*Other 3rd party fees may apply
Consumer Direct Mortgage, a division of FirstBank
Email Lender

About the Lender

At Consumer Direct Mortgage, we know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.You are our priority and we know that superior service, delivering what was offered, coupled with the lowest overall cost is the way to keep you as a customer for life. In a lending environment where everyone is offering the same core products and programs, we know that we have to separate ourselves with an unwavering commitment to services and delivering the lowest overall total cost to close every day. Our sales and operations team is comprised of veteran Mortgage Professionals that are committed to this philosophy and understand what it takes to get the job done on time and at the agreed upon terms and conditions presented.
Consumer Direct Mortgage, a division of FirstBank
Email Lender Write a Review

Lender Reviews

Highly recommend!

Yes, I recommend this lender

Incredibly attentive. An absolute joy to work with. Highly recommend!

By: hk4394 (Milton, FL)

Mikes Refinance

Yes, I recommend this lender

Had a great experience with Consumer Direct. It was a non painful refinance and a great rate. Pat and Jamie were a pleasure to work with and always responded to me in a timely manner, whether it be by email or phone. 2 thumbs up!!!!

By: Anonymous (Boynton Beach, FL)

Mikes Refinance

Yes, I recommend this lender

I had a great experience working with Consumer Direct. Very professional, caring and actually returned my calls right away when I had any questions or concerns about my loan. I would highly recommend this company. (and I got a great rate!!!!) Mike

By: Robinson (Boynton Beach, FL)
See All Reviews
Avex Funding Corporation
15 Year Fixed
Interest Rate
2.750%
APR
2.884%
Monthly Payment
$1,357
(844) 904-7375 Contact
Avex Funding Corporation
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,357
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,357
Lender Fees $1,862
Lender Credit $168
Total Closing Fees* $1,694
*Other 3rd party fees may apply
Avex Funding Corporation
Email Lender

About the Lender

AVEX Funding is a mortgage bank and direct lender with three generations of experience in the mortgage lending industry. We are simplifying the mortgage process for millions of Americans—your entire application will be handled under one roof. We offer loans with zero upfront points and low closing costs, as well as options to buy down your interest rate. So whether you’re looking to minimize your down payment or lower your monthly payments, we can work with you to achieve your dreams or help minimize the financial burden of your mortgage. At Avex, customer service is priority number one. We value your time and recognize that getting a mortgage or refinancing feels overwhelming. Avex aims to meet you at your most convenient point of communication- so start an application today! We need just a few minutes to understand your mortgage and refinancing needs and our home loan experts would be thrilled to assist you right away.
Avex Funding Corporation
Email Lender Write a Review

Lender Reviews

Very good experience

Yes, I recommend this lender

My end to end experience with AVEX Funding was very good. They provided timely response on all questions and very prompt on making sure all the documents are provided. Rate was very competitive compared to other banks. I appreciate the business with them and would be willing to refer them to friends.

By: NJSel (Edison, NJ)
See All Reviews

5/1 ARM

Interest Rate
2.625%
APR
3.026%
Monthly Payment
$804
Sebonic Financial
5/1 ARM
Interest Rate
2.625%
APR
3.026%
Monthly Payment
$804
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $804
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $804
Lender Fees $1,974
Lender Credit $0
Total Closing Fees* $1,974
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Worked for me

Yes, I recommend this lender

After a bad try at a loan with Loan Depot it was a pleasure to deal with these people. Rate and costs were ok.

By: Anonymous (Miami)

Very Honest

Yes, I recommend this lender

They met all of their commitments. Totally issue and stress free process.

By: Alan (South Carolina)

The MOST ill-informed loan officers!

Yes, I recommend this lender

Last week I called and spoke to a loan officer bc I had a special situation involving a personal BK that was discharged 4 years prior.. so per FNMA guidelines I was passed the waiting period and eligible for a new mortgage. I wanted to sell my house (iib) and before we even got to the loan qualification part.. the loan officer told me I could NOT sell my house as I am no longer the owner. The bank is the rightful owner since I went through bk. I told him he was wrong and I disagreed.. He check with his underwriter.. and confirmed he was correct. YOU LOST A LOAN BUDDY DUE TO YOUR LACK OF KNOWLEDGE! I would imagine other loan officers at Sebonic have the same training. DON'T WASTE YOUR TIME WITH THESE PEOPLE. GO TO A FIRM THAT FULLY UNDERSTAND THE BUSINESS!

By: TLBC (RALEIGH, NC)
See All Reviews
Avex Funding Corporation
5/1 ARM
Interest Rate
2.500%
APR
2.924%
Monthly Payment
$790
(844) 904-7375 Contact
Avex Funding Corporation
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $790
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $790
Lender Fees $1,426
Lender Credit $604
Total Closing Fees* $822
*Other 3rd party fees may apply
Avex Funding Corporation
Email Lender

About the Lender

AVEX Funding is a mortgage bank and direct lender with three generations of experience in the mortgage lending industry. We are simplifying the mortgage process for millions of Americans—your entire application will be handled under one roof. We offer loans with zero upfront points and low closing costs, as well as options to buy down your interest rate. So whether you’re looking to minimize your down payment or lower your monthly payments, we can work with you to achieve your dreams or help minimize the financial burden of your mortgage. At Avex, customer service is priority number one. We value your time and recognize that getting a mortgage or refinancing feels overwhelming. Avex aims to meet you at your most convenient point of communication- so start an application today! We need just a few minutes to understand your mortgage and refinancing needs and our home loan experts would be thrilled to assist you right away.
Avex Funding Corporation
Email Lender Write a Review

Lender Reviews

Very good experience

Yes, I recommend this lender

My end to end experience with AVEX Funding was very good. They provided timely response on all questions and very prompt on making sure all the documents are provided. Rate was very competitive compared to other banks. I appreciate the business with them and would be willing to refer them to friends.

By: NJSel (Edison, NJ)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

Mortgage Rate Trends

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Pennsylvania Mortgage Rates and Assistance for Homebuyers
Pennsylvania was one of the original 13 colonies of the United States of America; it’s understandably been a popular destination for potential homeowners for over 200 years. If you’re looking to buy in Pennsylvania, you'll have your choice between historic brick homes and large country estates, and everything in between.

Current Pennsylvania mortgage rates depend on the economic climate and your qualifying financial criteria, but with proper research and the right resources, you can find a good deal on new financing. Here are the details on a variety of different programs that serve people who want to live in Pennsylvania and are looking for low PA mortgage interest rates.

Current PA Mortgage Rates and the REAL Program
If it's been a while since you purchased your home, PA mortgage interest rates may have changed. Homeowners who are having financial difficulty keeping up with their payments can benefit from refinancing at lower rates. The Refinance to an Affordable Loan Program (REAL) provides PA residents with a 30-year, fixed-rate loan. This program offers loans that feature flexible credit underwriting and keep homeowners from experiencing foreclosure. In order to qualify, participants must meet certain income requirements and be less than 59 days delinquent on their current mortgage.

Keystone Home Loan Program: Low Pennsylvania Mortgage Interest Rates
Pennsylvania is called the Keystone State, lending its name to this mortgage loan program. The Keystone Home Loan Program is available to first time homebuyers in Non-Target areas, or any home buyers purchasing a home in Target areas.  It is also available to those in the military.

The Keystone Home Loan Program includes FHA (Federal Housing Administration), VA (Veterans Affairs) and RHS (Rural Housing Service) loans. The 30-year, fixed-rate loans obtained through this program offer lower interest than current PA mortgage interest rates.

HOMEstead Down Payment Assistance with PA Mortgage Interest Rates
Many Pennsylvania homebuyers need help with their down payment and closing costs, regardless of their PA mortgage rates. For people experiencing this difficulty, the HOMEstead Down Payment and Closing Cost Assistance Loan helps them become homeowners.

This program is designed to help people by allowing them to make a down payment of 3 percent of the cost of the home, or just $1,000 for those with a credit score of 660 or higher. If the lender requires a higher down payment, the HOMEstead program covers the difference, including all closing costs.

Obtaining Low-Interest Pennsylvania Mortgage Rate Programs
Any of these programs can be accessed by working with the Pennsylvania Housing Finance Authority (PHFA). This official department of the government of Pennsylvania government can help connect home buyers and home owners with programs that will help them get the best rates.

In addition to loan programs, the PHFA has credit counseling and homebuyer education programs. These programs are available through the Comprehensive Housing Counseling Initiative.