Home Loans in Pennsylvania
The Keystone State offers history and opportunity. NorthStar Funding serves PA buyers from Philly to Pittsburgh. All credit scores welcome — even no score.
Pennsylvania Housing Market
About the Pennsylvania Real Estate Market
Pennsylvania offers diverse markets from Philadelphia's urban neighborhoods to Pittsburgh's revitalized communities. PHFA programs provide assistance for first-time buyers. Both major metros offer excellent value compared to nearby NYC and DC.
Loan Programs Available in Pennsylvania
We offer a variety of mortgage options to fit your unique situation. All programs welcome borrowers with less-than-perfect credit.
PHFA Programs
Pennsylvania Housing Finance Agency programs with down payment and closing cost assistance.
FHA Loans
Government-backed loans popular in PA with flexible credit requirements.
VA Loans
Zero down payment for Pennsylvania veterans.
Non-QM / Bank Statement
Perfect for PA entrepreneurs and self-employed professionals.
Check Your Eligibility
See if you qualify for special loan programs with lower down payments and flexible income requirements.
Income Eligibility Checker
HomeReady® & Home Possible® - 3% Down Payment Programs
HomeReady®by Fannie MaeIncome must be ≤80% of Area Median Income (AMI). No geographic restrictions.
Home Possible®by Freddie MacIncome must be ≤80% AMI. Some census tracts have no income limit.
Quick Comparison:
| Feature | HomeReady® | Home Possible® |
|---|---|---|
| Min. Down Payment | 3% | 3% |
| Min. Credit Score | 620 | 620 |
| Income Limit | ≤80% AMI | ≤80% AMI* |
| Homebuyer Education | Required | Required |
*No income limit in designated underserved areas
Why Choose NorthStar Funding in Pennsylvania?
Cities We Serve in Pennsylvania
What Pennsylvania Homeowners Say
"NorthStar helped us buy our first rowhome in Fishtown. They understood Philly's unique market."
The Chen Family
"Found our dream home in Pittsburgh's Squirrel Hill with NorthStar. Great neighborhood!"
David & Rachel M.
"PHFA assistance made homeownership possible in Lancaster. NorthStar guided us through everything."
The Miller Family
Frequently Asked Questions
What credit score do I need to buy a home in Pennsylvania?
NorthStar Funding welcomes all credit scores in Pennsylvania, starting as low as 500 with FHA loans (10% down). For scores 580+, you may qualify for just 3.5% down.
What are the best mortgage programs available in Pennsylvania?
In Pennsylvania, we offer FHA loans, VA loans, USDA loans for eligible rural areas, conventional loans, and bank statement loans. PHFA programs provide down payment and closing cost assistance.
How much is the average home price in Pennsylvania?
The median home price in Pennsylvania is approximately $275K. Philadelphia suburbs and Pittsburgh are moderate, while rural PA and smaller cities offer very affordable options.
Are there first-time homebuyer programs in Pennsylvania?
Yes! PHFA (Pennsylvania Housing Finance Agency) offers the Keystone Home Loan program with competitive rates and down payment assistance up to 4% of the purchase price.
What are property taxes like in Pennsylvania?
Pennsylvania property taxes average approximately 1.5% of assessed value. Rates vary significantly by county and school district. Philadelphia has a unique wage tax that also affects affordability.
Can I get a mortgage in Pennsylvania with no down payment?
Yes! VA loans offer 0% down for veterans. USDA loans offer 0% down in many PA areas — much of rural Pennsylvania outside Philadelphia and Pittsburgh qualifies.
How long does it take to close on a home in Pennsylvania?
The typical closing timeline in Pennsylvania is 30-45 days. PA uses title companies for closings. The Philadelphia suburbs can be competitive, so pre-qualification is recommended.
Does NorthStar Funding offer manual underwriting in Pennsylvania?
Yes! We specialize in manual underwriting for PA borrowers with non-traditional income or credit situations.
What documents do I need to apply for a mortgage in Pennsylvania?
Typical documents include 2 years of tax returns, recent pay stubs, bank statements, W-2s or 1099s, and ID. Self-employed borrowers can use bank statement programs.
Can self-employed borrowers get a mortgage in Pennsylvania?
Absolutely! Our bank statement programs are popular with PA entrepreneurs in Philadelphia, Pittsburgh, and the growing tech scenes in both cities.
NorthStar Funding Licensing Information
NMLS #: 123456
Licensed in: Multi-State
Years in Business: 15+
Total Loans Originated: $2B+
Ready to Get Started?
See your options in minutes with no impact to your credit score. Our team is ready to help you find the right loan for your Pennsylvania home.