NMHL Mortgage Lending
Mortgage Lender in Scranton, PA
Local expertise and competitive rates for Scranton homebuyers.
Scranton Housing Market Overview
Explore mortgage options in Scranton, PA with NMHL. Our local expertise helps you navigate the Scranton real estate market with competitive rates and personalized service.
See What You Qualify For
Takes about 5 minutes. No obligation. No credit check until you are ready.
Your Local Mortgage Partner
We understand the local market dynamics that affect your home purchase. Our team provides personalized loan options based on local property values and regulations.
Available Loan Programs in Scranton
Explore mortgage options tailored to Scranton homebuyers
First Time Home Buyer Mortgages
Special loan programs helping newcomers purchase their first home with favorable terms and support.
Learn MoreRefi-Shield
Learn MoreAdjustable-Rate Mortgage (ARM)
Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey
Learn MoreHigh-Value Appraisal Program
Learn MoreInterest Only Mortgages
Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.
Learn MoreHome Equity Loans
Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...
Learn MoreFHA Loans
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...
Learn MoreFixed-Rate Mortgage
Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...
Learn MoreBridge Loans
Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...
Learn MoreVA Loans
VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...
Learn MoreConventional Loans
Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...
Learn MoreITIN Loans
Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...
Learn MoreJumbo Loans
Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...
Learn MoreDSCR Investment Loans
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...
Learn MoreBank Statement Loans
Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...
Learn MoreReverse Mortgages
For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...
Learn MoreUSDA Mortgages
USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...
Learn MoreHeloc
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Understanding the Scranton Housing Market
The Scranton housing market has seen steady growth in recent years, driven by its affordable median home price and proximity to major cities like Wilkes-Barre and Binghamton, NY. Neighborhoods like downtown Scranton, Green Ridge, and North Scranton offer a mix of older homes and newer developments, appealing to a range of buyers.
Some of the most popular neighborhoods in Scranton include:
- Downtown Scranton: Revitalized area with a mix of historic and modern homes
- Green Ridge: Family-friendly neighborhood with a suburban feel
- North Scranton: Diverse area with a range of housing options
NMHL's local expertise helps you navigate Scranton's diverse neighborhoods and find the best mortgage solution for your needs.
NMHL Mortgage Programs for Scranton Borrowers
At NMHL, we offer a range of mortgage programs tailored to Scranton residents, including:
- FHA Loans: Ideal for first-time homebuyers or those with lower credit scores
- VA Loans: Exclusive benefits for veterans, active-duty military, and surviving spouses
- Conventional Loans: Competitive rates and terms for borrowers with strong credit profiles
Our loan officers will work with you to determine the best mortgage solution based on your unique financial situation and goals.
Get pre-approved with NMHL today and take the first step toward homeownership in Scranton.
Down Payment Assistance in Scranton
Down payment assistance programs can help Scranton borrowers achieve their homeownership goals. The Pennsylvania Down Payment and Closing Cost Assistance Program provides up to $5,000 in assistance for eligible homebuyers. NMHL can help you explore these options and determine the best fit for your situation.
Some additional down payment assistance programs available in Scranton include:
- PHFA Down Payment Assistance: Up to 3.5% of the home's purchase price
- City of Scranton Down Payment Assistance: Varies depending on the program and eligibility
Don't let down payment requirements hold you back. Explore your options with NMHL today.
Why Choose NMHL for Your Scranton Mortgage?
At NMHL, we're committed to serving Scranton borrowers with personalized service and competitive rates. Our expertise in handling complex mortgage situations, such as self-employed income or credit challenges, sets us apart in the industry.
By choosing NMHL, you'll work with experienced loan officers who understand the local market and can guide you through the mortgage process. Contact us today to schedule a consultation and take the first step toward achieving your homeownership goals.
Get started with NMHL today and experience the difference of working with a trusted local lender.
Frequently Asked Questions
The average annual property tax in Scranton is approximately $1,400, based on a median home value of $143,000 and an average effective tax rate of 0.98%. This is relatively low compared to other parts of Pennsylvania. However, property tax rates can vary depending on the specific location within Scranton and the local school district.
School districts play a significant role in determining home values in Scranton. The Scranton School District serves the city, with some surrounding areas falling under neighboring districts like Abington Heights or Lakeland. Homes in areas with highly-rated schools tend to command higher prices due to increased demand. For example, homes near the Scranton School District's top-rated elementary schools may see increased property values.
Pennsylvania offers several first-time homebuyer programs, including the Pennsylvania Housing Finance Agency (PHFA) programs like HFA Preferred and Keystone Home Loan. These programs provide competitive interest rates, down payment assistance, and other benefits to eligible borrowers. NMHL can help you navigate these options and determine the best fit for your situation.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. While conventional loans may require a minimum credit score of 620, we have alternative programs that consider other factors beyond credit score. Our expert loan officers will work with you to understand your credit profile and find the best mortgage solution for your needs.
Scranton borrowers can access various down payment assistance programs, including the Pennsylvania Down Payment and Closing Cost Assistance Program. This program provides up to $5,000 in assistance for eligible homebuyers. NMHL can help you explore these options and determine the best fit for your situation.
To get started, simply contact NMHL to schedule a consultation with one of our experienced loan officers. We'll guide you through the pre-approval process, discussing your financial situation, credit profile, and mortgage options. You can also use our online pre-approval tool to get started.
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Ready to Buy in Scranton?
Let NMHL help you navigate the Scranton housing market with expert guidance and competitive rates.