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Predetermine your loan amounts!
The first step in getting started. Realize your overall financing position to start down the correct path for your personal situation.

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Strategic advantage

Stronger negotiating power!
Prequal gives you an approved amount on our letterhead. Give this to a seller with your offer to show you have the power to buy that home.

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Apply to lock in your best rate!
Get the best rate from a choice of Lenders for your unique needs. Now is the time to secure unprecedented low lending rates for your loan life. 

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Apply For Your Loan

Click to Apply for a Mortgage using PennFirst Mortgages brokers

Let us lock the right rate with the right lender for your unique needs.

Now is the time to secure an unprecedented low lending rate for the life of your loan. Fluctuating markets mean the rates available to you vary on a day-to-day basis; our expert loan officers watch markets closely and are highly capable of locking the best possible rates from a diverse group of lenders.

Contact us to speak with our branch manager, Matthew “Ozzie” Oswald, today.

About the application process

There are many important steps to securing your new home, from pre-approval of your loan, to sending your official documents to underwriting, appraisal, and more, depending on your unique financial profile and situation. Our loan officers will guide you skillfully through every step with personable, patient, and expert advice to secure the best possible interest rate with the right lender for you.

Loan Products Offered

Fixed Rate – PreApproval Application Options from Multiple Lenders

With a fixed-rate loan, your payment will not change for the duration of your loan. In most cases borrowers choose to include their property taxes and homeowners insurance in their payment.

With a fixed-rate mortgage your payments are fully amortized over the life of the loan, possibly for 10, 15, 20, or 30 years. For the first few years expect to pay the majority of the interest for the loan; you will pay less interest with shorter amortization periods (10 or 15 year notes); you will also see a lower interest rate with 10 and 15 year fixed loans.

Renovation – PreApproval Application Options from Multiple Lenders

With a renovation loan, you’ll be able to make changes to the property as you like. Some products allow a renovation to occur and complete before move-in when purchasing a property.

Other renovation loans allow changes to a property you already own.

VA Loans – PreApproval Application Options from Multiple Lenders

A VA loan is available to eligible veterans to either purchase or refinance their home. This loan is guaranteed by the U.S. Department of Veteran Affairs (VA); this means that the lender is protected against loss if the borrower fails to repay the loan. In most cases there is no down payment required and there is no mortgage insurance required; the BA does charge a funding fee, which varies by borrower. There are no prepayment penalties and the loans are assumable (transferrable to the next buyer) should you sell your home.

Veterans can obtain a VA loan from Pennfirst Mortgages. Please contact the VA to see if you are eligible for a VA loan, as you will need a Certificate of Eligibility from the VA to qualify.

FHA loansPreApproval Application Options from Multiple Lenders

An FHA loan is insured by the Federal Housing Administration (a federal agency within the U.S. Department of Housing and Urban Development). The FHA does not actually loan the money; it insures the lender in case of default. FHA Loans are a great way for borrowers with mediocre credit ratings or a higher debt to income ratio to obtain financing for their homes. They require less cash down (typically 3.5% of the purchase price of the house) than a conventional mortgage (Fannie Mae or Freddie Mac) and are more flexible with underwriting guidelines. In most cases FHA requires the borrower to live in the home as their primary residence for an allotted number of years. There is always the extra cost of Mortgage Insurance attached to an FHA loan.

USDA Loans – PreApproval Application Options from Multiple Lenders

In order to be eligible for many USDA loans, household income must meet certain guidelines. Also, the home to be purchased must be located in an eligible rural area as defined by USDA.

Adjustable Rate Mortgages (ARMs) – PreApproval Application Options from Multiple Lenders

Adjustable Rate Mortgages are increasingly attractive as long term interest rates continue to rise. ARMs are a good option for borrowers that will be in their home for less than 10 years. Statistically, most borrowers move into a new home every 7 years.

ARMs start out at a very low rate that may increase (and very rarely decrease) over the life of the loan. There are many types of ARMS but the most common are the 5/1, 7/1, and 10/1 ARMs. With these loans, the initial rate is fixed for 5, 7 or 10 years and then adjusts after the initial period, usually every 6 months or 1 year. The adjustment to the interest rate is based on various indexes. Most ARMs have a “payment cap” so the interest rate does not skyrocket within a certain period of time, they also have a “lifetime cap” that the interest rate cannot exceed.