Conventional mortgages, VA loans, FHA mortgages, USDA mortgages, mortgage refinances, home equity loans, reverse mortgages. We specialize in helping our clients in State College and beyond to get the mortgage that is best suited to their needs. Whether you're looking for a home mortgage, a mortgage refinance, reverse, VA or any other type of mortgage - let's talk about the one that's right for you!
An FHA mortgage is for EVERY home buyer, not just first time home buyers. This great loan program has a low down payment of 3.5% and allows for up to 6% seller assistance towards closing costs if negotiated. Find out today if an FHA mortgage is the right program for you! USDA mortgages provide low and moderate income rural residents with better access to affordable housing finance options.
An FHA mortgage is for EVERY home buyer, not just first time home buyers. This great loan program has a low down payment of 3.5% and allows for up to 6% seller assistance towards closing costs if negotiated. Find out today if an FHA mortgage is the right program for you! USDA mortgages provide low and moderate income rural residents with better access to affordable housing finance options.
Services
One Time Close Construction Loans
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Principle Home Mortgage offers 'One-Time Close' construction loans for FHA, USDA, and VA loan types in State College, PA and the Centre County region. Agency: Federal Housing Administration; The Department of Veterans Affairs; US Department of Agriculture/Rural Housing Authority. Max Loan Amount: No guideline is set, but based upon your debt-to-income (DTI) ratio and several other factors.
First Time Homebuyers
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You think you're ready to buy a home? Whatever the motivation behind your decision to purchase instead of rent, there are things to consider before jumping in feet first. In this article, we'll discuss the process, the key players, and what to expect when you're buying your first home. There are many ways to find out your credit score, but however you choose to look it up, it shouldn't be of great surprise to you.
FHA Mortgages
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Principle Home Mortgage offers FHA home loans in State College, PA and the Centre County region in addition to other great mortgage loan products, from VA to conventional. FHA (Federal Housing Administration) home loans are a wonderful product for many types of buyers, but particularly those looking to purchase a home with a low down payment.
Conventional Mortgages
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Principle Home Mortgage seeks out the best lending banks with the best rates to offer our clients in State College, PA and the Centre County region on conventional mortgage products. The biggest difference with a conventional mortgage product is how mortgage insurance is structured.
For clients who have the ability to provide a 20% down payment in a forward purchase, or have 20% equity for a refinance, a conventional mortgage does not require mortgage insurance.With less than 20% down, clients generally expect to see that conventional mortgages have lower mortgage insurance requirements than FHA products, and no upfront mortgage insurance premium.
For clients who have the ability to provide a 20% down payment in a forward purchase, or have 20% equity for a refinance, a conventional mortgage does not require mortgage insurance.With less than 20% down, clients generally expect to see that conventional mortgages have lower mortgage insurance requirements than FHA products, and no upfront mortgage insurance premium.
Mortgage Refinance
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When you refinance a mortgage, it is the process in which the original mortgage loan is paid in full with a new mortgage loan. The reason for refinancing can vary upon the borrower's situation, but often it is to reduce monthly payments through obtaining a new mortgage with a lower interest rate.
For example, if your original mortgage was not a fixed rate but an adjustable rate, and now years into making the mortgage payments the interest rate is much higher than a current fixed rate mortgage, refinancing to a fixed rate isn't a bad idea!Another popular reason to refinance is to consolidate debt.
For example, if your original mortgage was not a fixed rate but an adjustable rate, and now years into making the mortgage payments the interest rate is much higher than a current fixed rate mortgage, refinancing to a fixed rate isn't a bad idea!Another popular reason to refinance is to consolidate debt.
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