A Guide to the Pennsylvania Mortgage Market

  Freddie Mac and HARP   The Home Affordable Refinance Program, commonly known as HARP is available for Freddie Mac mortgages too.    When the HARP 2.0 program rolled out at the end of 2011, it offered holders of Conventional Mortgages the opportunity to refinance their homes and take advantage o...

FHA Mortgages and Gift Funds   FHA Mortgages allow borrowers to use Gift Funds to meet the 3.5% down payment requirement.  When using Gift Funds to purchase a home it is important that Gift Funds be documented properly to avoid any issues with the FHA underwriting process.  The primary intention ...

Qualifying for a Pennsylvania HARP Mortgage ■ only for mortgages currently owned or backed by Fannie Mae or Freddie Mac prior to June 2009■ no deliquent mortgage payments in the last 6 months and only a total of one 30 day late payment is allowed in the last 12 months■ no cash out or paying off o...

  If you have Mortgage Insurance you CAN Refinance with the HARP program   If you currently have mortgage insurance and would like to refinance with the HARP program make sure you contact a lender that is able to handle this request. Some potential HARP applicants have been running into roadblock...

The maximum FHA loan amounts for Pennsylvania mortgages have changed again.  Previously these maximum loan amounts had reset back to the lower pre-2008 maximum loan amounts after the time limit on the temporary increase had expired.  Pressure from the housing industry and the home buying public h...

Looking to buy a home in McKean County, Pennsylvania? You might want to make a quick check to see if you and the property are eligible for a Pennsylvania USDA Mortgage, also known as a Pennsylvania USDA Rural Development Loan. Here's Why...  USDA home loans offer a few benefits that other mortgag...

Looking to buy a home in Juniata County, Pennsylvania? You might want to make a quick check to see if you and the property are eligible for a Pennsylvania USDA Mortgage, also known as a Pennsylvania USDA Rural Development Loan. Here's Why...  USDA home loans offer a few benefits that other mortga...

Looking to buy a home in Jefferson County, Pennsylvania? You might want to make a quick check to see if you and the property are eligible for a Pennsylvania USDA Mortgage, also known as a Pennsylvania USDA Rural Development Loan. Here's Why...  USDA home loans offer a few benefits that other mort...

Looking to buy a home in Huntingdon County, Pennsylvania? You might want to make a quick check to see if you and the property are eligible for a Pennsylvania USDA Mortgage, also known as a Pennsylvania USDA Rural Development Loan. Here's Why...  USDA home loans offer a few benefits that other mor...

Looking to buy a home in Greene County, Pennsylvania? You might want to make a quick check to see if you and the property are eligible for a Pennsylvania USDA Mortgage, also known as a Pennsylvania USDA Rural Development Loan. Here's Why...  USDA home loans offer a few benefits that other mortgag...