Mortgage Broker Allentown PA

Lena Polnet is a licensed mortgage broker with 28+ years of experience serving homebuyers and homeowners throughout Allentown and Lehigh County, PA. Whether you’re purchasing your first home, refinancing, or investing in rental property, Lena works with a broad network of lenders to find you the right loan at competitive rates. Every step of the process is handled digitally — fully remote, no office visits required. Call (215) 364-7171 to get started.

Home Loan Programs in Allentown PA

Allentown is Lehigh Valley’s largest city and one of Pennsylvania’s most diverse housing markets. As an affordable entry point compared to Philadelphia, it draws first-time buyers, self-employed borrowers, and real estate investors. Lena offers every major loan type:

• FHA Loans — 3.5% down, flexible credit requirements, ideal for Allentown’s affordable price range. Maximum loan limit for Lehigh County: $524,225 (2025).
• VA Loans — Zero down payment for eligible veterans and active-duty military. No PMI.
• Conventional Loans — Fannie Mae/Freddie Mac programs with down payments as low as 3%.
• ITIN Loans — Non-Social Security mortgage options for Allentown’s large Hispanic and immigrant communities. No SSN required.
• Non-QM / Bank Statement Loans — For self-employed borrowers who can’t document income via traditional W-2s. 12 or 24 months of bank statements accepted.
• DSCR Loans — Debt service coverage ratio loans for real estate investors purchasing rental properties in the Lehigh Valley.
• Jumbo Loans — For higher-priced properties above conforming limits.

Why Work With a Mortgage Broker in Allentown PA

A mortgage broker works for you — not for a single bank. Lena shops your loan across dozens of wholesale lenders to find better rates and terms than most borrowers can access on their own. Here’s why Allentown buyers choose to work with a broker:

• More lender options. Unlike a bank or credit union that offers only their own products, a broker has access to wholesale rates from multiple lenders simultaneously.
• Expertise across loan types. Allentown’s market requires knowledge of FHA, ITIN, and Non-QM products — not every lender offers all of them. Lena does.
• Personal service. You have one point of contact from application to closing. No handoffs, no call centers.
• Fully digital process. Application, document upload, disclosures, and communication are all handled remotely. You don’t need to drive anywhere.
• 28+ years of PA mortgage experience. Lena has closed loans through multiple market cycles and knows what it takes to get challenging files approved.

First-Time Homebuyer Programs in Allentown PA

Pennsylvania’s Housing Finance Agency (PHFA) offers several programs to help first-time buyers in Lehigh County close with less money out of pocket:

• PHFA K-FIT (Keystone Forgivable in Ten Years Loan Program) — Provides 5% of the purchase price (up to the sales price) as a second mortgage, forgivable over 10 years. Available with HFA Preferred and Keystone Home Loan programs. Income and purchase price limits apply for Lehigh County.
• HFA Preferred (Fannie Mae) — Conventional loan at reduced mortgage insurance costs. Can be paired with K-FIT for down payment assistance.
• Keystone Home Loan Program — PHFA’s flagship first-time buyer program. Competitive interest rates, 30-year fixed. Income limits for Lehigh County (2025): $138,500 for households of 1–2; $161,900 for households of 3+.
• Keystone Advantage Assistance — Up to $6,000 in a second mortgage (4% interest, 10-year term) for closing costs and down payment.

Lena is a participating PHFA lender and can help you determine which program you qualify for based on your income, credit, and target property.

Frequently Asked Questions — Mortgage Broker Allentown PA

Do I need a high credit score to buy a home in Allentown?

Not necessarily. FHA loans are available with credit scores as low as 580 (with 3.5% down) and even down to 500 with 10% down. ITIN and Non-QM programs often have more flexible credit requirements than conventional loans. Lena will review your full financial picture and match you to the program that fits your situation.

Can non-U.S. citizens get a mortgage in Allentown?

Yes. ITIN mortgage programs are specifically designed for borrowers who do not have a Social Security number. These programs are popular in Allentown given the city’s significant immigrant population. Eligible borrowers can purchase primary residences with an Individual Taxpayer Identification Number instead of an SSN.

How long does the mortgage process take in Allentown?

A typical purchase loan closes in 30–45 days from application. The fully digital process Lena uses means faster document collection and fewer delays. FHA and VA loans may take slightly longer depending on appraisal scheduling. Refinances are often faster, typically 21–30 days.

Get Pre-Approved — Mortgage Broker Serving Allentown PA

Ready to buy or refinance in Allentown or anywhere in Lehigh County? Contact Lena Polnet at Dynamic Funding Solutions for a no-obligation consultation. The entire process is handled remotely — apply online, upload documents digitally, and close from home.

Call: (215) 364-7171
NMLS #17225 | Company NMLS #17144

Dynamic Funding Solutions is a licensed mortgage broker in Pennsylvania. Not a lender. Rates and program availability subject to change. All loans subject to underwriting approval. NMLS #17225. Equal Housing Opportunity.