Pennsylvania Mortgage Rates

August 29, 2016 04:51 AM 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
3.250%
APR
3.380%
Monthly Payment
$871
Sebonic Financial
30 Year Fixed
Interest Rate
3.250%
APR
3.380%
Monthly Payment
$871
(844) 284-9237 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 $871
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $871
Lender Fees $3,239
Lender Credit $0
Total Closing Fees* $3,239
*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

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

I recommend Renato Paz

Yes, I recommend this lender

He explained the proses, and he speaks spanish, he's good and very helpful, I already recommend to my family

By: albertina (Leesburg, VA)
See All Reviews
SmartPath Mortgage
30 Year Fixed (FHA)
Interest Rate
3.000%
APR
3.680%
Monthly Payment
$991
(855) 581-2628 Contact
SmartPath Mortgage
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $203,500
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $858
Estimated Mortgage Insurance Payments $133
Total Monthly Mortgage Payment $991
Lender Fees $4,499
Lender Credit $2,301
Total Closing Fees* $2,198
*Other 3rd party fees may apply
SmartPath Mortgage
Email Lender

About the Lender

Smartpath Mortgage is a dba of Atlantic Bay Mortgage Group.  Atlantic Bay is a Ginnie Mae and Fannie Mae/Freddie Mac Direct Seller/Servicer. Atlantic Bay also has FHA Direct Endorsement authority and is a VA lender for residential mortgages. We have every authority that big banks and other lenders have, without the limits they have. In addition, FHA as an automatic insuring authority, meaning that we do not need to go to FHA for approvals, delegate us. To date we have helped over 70,000 borrowers, some more than once. We are also a partner in the community, giving over $2 million to charities and participating in events that promote the passions of our customers, employees, and neighbors.
SmartPath Mortgage
Email Lender Write a Review

Lender Reviews

Never too old to learn!

Yes, I recommend this lender

Daniel Webb was a breath of fresh air compared to other loan officers we had done business with. He was very positive about everything working out and took the time to explain things - keeping us informed through the whole process. Frankly, we learned quite a lot from him which will help us from making certain mistakes and poor choices in the future.

By: JoAnne (Wilmington, NC)

Great Experience!

Yes, I recommend this lender

This was by far the easiest mortgage I have ever done. I've refinanced about 3 times in the last 7 or so years and this was the best experience by far. Easy to deal with and they closed in my home. I would recommend them every time!

By: Michelle (Charleston, SC)

Bought a house

Yes, I recommend this lender

I have been working with Atlantic Bay for a bit now. They had my loan underwriten before I found a house to make sure there wasn't any problems once we found one. Their responsiveness has been wonderful and the rate was one of the lowest I found. I would recommend them to anyone.

By: Kim (Charlotte, NC)
See All Reviews

15 Year Fixed

Interest Rate
2.500%
APR
2.723%
Monthly Payment
$1,334
Sebonic Financial
15 Year Fixed
Interest Rate
2.500%
APR
2.723%
Monthly Payment
$1,334
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 45 Days
Down Payment $50,000
Principal and Interest Payments $1,334
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,334
Lender Fees $3,109
Lender Credit $0
Total Closing Fees* $3,109
*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

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

I recommend Renato Paz

Yes, I recommend this lender

He explained the proses, and he speaks spanish, he's good and very helpful, I already recommend to my family

By: albertina (Leesburg, VA)
See All Reviews
SmartPath Mortgage
15 Year Fixed
Interest Rate
2.500%
APR
2.736%
Monthly Payment
$1,334
(855) 581-2628 Contact
SmartPath Mortgage
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 45 Days
Down Payment $50,000
Principal and Interest Payments $1,334
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,334
Lender Fees $3,295
Lender Credit $0
Total Closing Fees* $3,295
*Other 3rd party fees may apply
SmartPath Mortgage
Email Lender

About the Lender

Smartpath Mortgage is a dba of Atlantic Bay Mortgage Group.  Atlantic Bay is a Ginnie Mae and Fannie Mae/Freddie Mac Direct Seller/Servicer. Atlantic Bay also has FHA Direct Endorsement authority and is a VA lender for residential mortgages. We have every authority that big banks and other lenders have, without the limits they have. In addition, FHA as an automatic insuring authority, meaning that we do not need to go to FHA for approvals, delegate us. To date we have helped over 70,000 borrowers, some more than once. We are also a partner in the community, giving over $2 million to charities and participating in events that promote the passions of our customers, employees, and neighbors.
SmartPath Mortgage
Email Lender Write a Review

Lender Reviews

Never too old to learn!

Yes, I recommend this lender

Daniel Webb was a breath of fresh air compared to other loan officers we had done business with. He was very positive about everything working out and took the time to explain things - keeping us informed through the whole process. Frankly, we learned quite a lot from him which will help us from making certain mistakes and poor choices in the future.

By: JoAnne (Wilmington, NC)

Great Experience!

Yes, I recommend this lender

This was by far the easiest mortgage I have ever done. I've refinanced about 3 times in the last 7 or so years and this was the best experience by far. Easy to deal with and they closed in my home. I would recommend them every time!

By: Michelle (Charleston, SC)

Bought a house

Yes, I recommend this lender

I have been working with Atlantic Bay for a bit now. They had my loan underwriten before I found a house to make sure there wasn't any problems once we found one. Their responsiveness has been wonderful and the rate was one of the lowest I found. I would recommend them to anyone.

By: Kim (Charlotte, NC)
See All Reviews

5/1 ARM

Interest Rate
2.625%
APR
3.506%
Monthly Payment
$804
Sebonic Financial
5/1 ARM
Interest Rate
2.625%
APR
3.506%
Monthly Payment
$804
(844) 284-9237 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 45 Days
Down Payment $50,000
Principal and Interest Payments $804
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $804
Lender Fees $3,401
Lender Credit $0
Total Closing Fees* $3,401
*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

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

I recommend Renato Paz

Yes, I recommend this lender

He explained the proses, and he speaks spanish, he's good and very helpful, I already recommend to my family

By: albertina (Leesburg, VA)
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.

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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.