Products & Services

We offer a variety of mortgage products and services, including programs for first time home buyers. The programs available today are:

  • Conventional Loans
  • FHA Loans
  • PHFA Loans
  • USDA Loans
  • VA Loans

  • Construction to Permanent Loans
  • Home Improvement Loans
  • Portfolio Loans
  • Participation Loans

A conventional loan is a mortgage that is not insured by any government program. Conventional loans are the most common type of mortgages.

An FHA loan is a mortgage issued by federally qualified lenders and insured by the Federal Housing Administration. FHA loans are designed for borrowers who are unable to make a large down payment.

PHFA LogoThe Pennsylvania Housing Finance Agency works to provide affordable homeownership. PHFA offers a number of opportunities for Pennsylvania families to buy homes of their own. Qualification factors vary among programs and, in some cases, from county to county.

USDA-Approved-Lender-LogoA USDA loan is a mortgage issued by qualified lenders and insured by the government through the U.S. Department of Agriculture.

valoanA VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued qualified lenders.

A Construction to Permanent Mortgage Loan takes you from purchasing the lot through completion of construction with one loan.

A Home Improvement Mortgage Loan is perfect for all your home renovation needs. These loans are designed for individuals who want to rehabilitate or repair an older or damaged home to be used as primary residence.

ARM Mortgages

A mortgage loan in which the interest rate changes based on a specific schedule after a “fixed period” at the beginning of the loan, is called an adjustable rate mortgage or ARM. This type of loan is considered to be riskier because the payment can change significantly. In exchange for the risk associated with an ARM, the homeowner is rewarded with an interest rate lower than that of a 30 year fixed rate mortgage. When the homeowner acquires a one year adjustable rate mortgage, what they have is a 30 year fixed rate mortgage in which the rates change every year on the anniversary of the loan.

However, obtaining a one-year adjustable rate mortgage can allow the customer to qualify for a loan amount that is higher and therefore acquire a more valuable home. Many homeowners with extremely large mortgages can get the one year adjustable rate mortgages and refinance them each year. The low rate lets them buy a more expensive home, but they pay a much lower mortgage payment.

The loan is considered to be rather risky because the payment can change from year to year in significant amounts.