Purchasing A New Home
A mortgage specialist will work with you to find the loan that is best for you. We offer:
- Fixed and variable rate loan options
- State Bond programs
- FHA and VA mortgages
- Jumbo loans
FHA & VA Mortgages
FHA loans are federal insured loans with benefits like:
- As little as 3.5% down payment on your first time home purchase
- Less stringent qualification and credit requirements
VA loans are loans given to veterans, members of the military, or a surviving spouse of a veteran. VA loans offer:
- Fast approval
- Little to no downpayment
- Low interest rates.
A jumbo loan may be your best option if you are looking for a larger home and need to finance between $417,000 - $1,500,000 and have 20% to put down. Jumbo loans offer:
- Low rates
- The choice between fixed or adjustable rates
Contact us to find out if this is your best option.
Looking to buy a condo? The rules for condos can be different than those for typical housing that do not have homeowners associations. We have the expertise to guide you through this process with:
- Fannie Mae standard loans
- Special programs for condos that do not meet Fannie Mae requirements
Contact us to learn more.
PHFA loans are offered under a state program that seeks to provide mortgages to first time homebuyers in the state of Pennsylvania. The program has:
- Specific income and purchase limits
- No mortgage insurance options
- Competitive interest rates and fewer fees
- Possible down payment and closing cost assistance
Contact us to find out if you could qualify.
A Tandem Loan is a unique program where two loans are taken out on one home. The secondary loan is usually added to the primary loan. This program affords the option of 90% financing without mortgage insurance.
Contact us to find out more about this program.
*Not everyone that applies will qualify for the rates shown above. Rates shown above are based on an applicant FICO score of at least 720 for an owner-occupied home purchase, with a loan amount of $200,000 and a loan-to-value ratio of no more than 75%. Rate locks do not exceed 60 days. Rates are subject to change at any time.
Mortgage loans are offered by Firstrust Bank NMLS # 424205. All loans are subject to individual credit approval. Pre-qualification is not a commitment to lend.
Firstrust National Mortgage Licensing Service (NMLS) Representatives
For fixed rate mortgages the monthly payments are estimates for $200,000 loan based on the interest rate, 75% loan-to-value ratio, and points due at closing. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater.
For adjustable rate mortgages the monthly payments are estimates for $200,000 loan based on the interest rate, 75% loan-to-value ratio, and points due at closing for the initial term of the loan. Monthly payment does not include taxes and insurance premiums. After the initial term is complete the rate and payment amount can increase.