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Perennial Funding > Blog > Mortgages > What Steps are Taken to Get a Mortgage Loan to Buy a Home in Pennsylvania?

What Steps are Taken to Get a Mortgage Loan to Buy a Home in Pennsylvania?

Attractive financing is available for qualified borrowers who want to purchase a home in Pennsylvania. Borrowers with past credit problems or limited funds for a down payment might be able to qualify for a fixed-rate mortgage. Perennial Funding offers hundreds of loan programs for first time home buyers and for previous home buyers, too.

Submit a Loan Application Online

From the comfort of your home or from anywhere that has an Internet connection, you can access our secured loan application. Within minutes, you can complete our online application for a home mortgage loan. After your information is reviewed, a licensed loan officer will contact you to discuss your financing needs.

Receive PA Home Buyer Disclosures

Pennsylvania mortgage lenders are required to provide home buyers with federal and state disclosures. Certain documents will require your signature to validate that you understand the costs and the terms of the mortgage loan. Our loan advisors are able to answer any questions or concerns that pertain to your PA home buyer disclosures.

Underwriting Review

Generally, your loan application will be submitted via an automated underwriting system. If a preliminary loan approval is granted, you will be required to verify a variety of details, such as your income and your financial stability. An underwriting review is performed to determine whether the mortgage loan that you are seeking is affordable.

Document Collection

Working with one of our PA loan officers to gather your documents is a great idea. Our employees are knowledgeable about the document collection process and about the use of alternative items that might satisfy certain loan conditions.

Clear Loan Approval Conditions

We work very efficiently to quickly clear loan approval conditions. Using a top-notched processing team and underwriting experts, we are able to meet tight deadlines and time-sensitive closing dates. When the requirements for an appraisal, title commitment, homeowners insurance, various inspections and other loan approval conditions have been met, we will inform you and your real estate agent that your mortgage loan is cleared for closing

Considerations

The specific items that are needed to obtain a mortgage loan to buy a home in Pennsylvania will vary among applicants. However, working with an experienced lending professional could save you a lot of time. Contact Perennial Funding today for more details about buying a home in PA, or to inquire about financing for properties that are located in DE, FL, MD, NJ or VA.

Start the process today!

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Perennial Funding LLC, 161 Washington St. Suite 950, Conshohocken, PA 19428

Loan programs are subject to credit approval. Other terms, conditions, restrictions and fees may apply. All of the information on this website is published in good faith and for general information purposes only. Perennial Funding does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information on our website is strictly at your own risk and we will not be liable for any losses and damages in connection with the use of our website. The content in this website should not be construed as a mortgage loan commitment. From our website, you can visit other websites by following hyperlinks to these sites. While we strive to provide only links to useful and ethical websites, we have no control over the content and nature of these sites and the links to other websites do not imply a recommendation for all of the content found on these sites. Please be aware that when you leave our website, other sites may have different privacy policies and terms, which are beyond our control. Thank you for visiting Perennial Funding's website.
*By refinancing your existing mortgage your total finance charges may be higher over the life of the loan.

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