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Today's Mortgage Rates in Pennsylvania

Today’s mortgage and refinance rates plus current home buying and refinance advice for Pennsylvania residents

Buying a home in Pennsylvania

Pennsylvania state law requires the seller to provide a potential buyer with all relative information about the physical condition of the property. They do this by using a Seller’s Property Disclosure Statement form, which covers such things as:
  • Contents (including household appliances, and whether they need to be replaced or not)
  • Any deed restrictions
  • Any homeowners’ association fees
  • Smoke detectors
  • Electrical, plumbing, gas and sewage systems
  • Roof leaks
  • Structural additions or changes the seller may have made to the property
If the property you are buying was built before 1978, the seller must also comply with federal disclosures pertaining to lead-based paints and other potential hazards. But always remember that a seller might have become so accustomed to a home’s faults that they're no longer aware of them. And, of course, they may never have known about them in the first place. So, if you are the slightest bit worried, it’s always a good idea to commission your own home inspection. Unlike in some other states, it’s not necessary to involve a lawyer in the buying transaction in Pennsylvania. However, there may be circumstances in which it’s wise to use one.

Refinancing a home in Pennsylvania

As in most other places, the most common reasons for refinancing in Pennsylvania are to: You can use the proceeds of a cash-out refinance for any purpose. Many consolidate their existing debts, pay for home improvements, or cover the costs of a significant purchase, such as a wedding or an extravagant indulgence like a once-in-a-lifetime vacation. You can easily find ads online for refinance deals or home equity loans in Pennsylvania that sound too good to be true. Take care! They may be just that.

Mortgage companies in Pennsylvania

By market share, the five biggest mortgage companies in Pennsylvania are Wells Fargo, PNC, Citizens Bank, Quicken Loans, and First National Bank of Pennsylvania. That’s according to a report on ValuePenguin. However, PA home buyers and refinancers are by no means limited to those five companies. To explore some more lenders available in Pennsylvania, see: Many homeowners also find great, local lenders by asking for recommendations from friends and family who have recently bought a home or refinanced.

Mortgage brokers in Pennsylvania

If you’re buying a home or refinancing in Pennsylvania, you can opt to work with a mortgage broker instead of finding a lender on your own. Brokers represent multiple companies, and can help you find the best deal for your situation. You can find mortgage brokers in PA using the National Association of Mortgage Brokers search tool. Or — just like looking for a lender — you might ask your friends, family, or real estate agent for recommendations.

How to get the best mortgage rates in PA

To find the best mortgage rate in Pennsylvania — or anywhere else, for that matter — you need to check rates from at least 3-5 different lenders. And that doesn’t mean just looking at advertised rates on their websites. It means getting a custom rate quote from each lender you like, to see which one has the best prices for your circumstances. You can use the resources above to find mortgage lenders and/or brokers. Or, use this rate tool to match with lenders that can help you.

Mortgage calculator: Pennsylvania

Calculate your mortgage payment for a home in Pennsylvania. Start by finding your current mortgage rate using the filters above. Then enter your rate, home price, down payment, and loan term into the mortgage calculator below to estimate your monthly payment.

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