Mortgage Broker Scranton PA
Lena Polnet brings over 28 years of mortgage experience to buyers throughout Northeastern Pennsylvania, including Scranton and Lackawanna County. As an independent broker licensed across Pennsylvania, Lena works entirely digitally, no office visits required. With access to 100+ wholesale lenders, she finds the right loan for each borrower’s situation. Call (215) 364-7171.
Home Loans in Scranton PA
Scranton’s affordable housing market and strong veteran community make it an ideal fit for government-backed and first-time buyer loan programs. Lena works with NEPA buyers across FHA, VA, USDA, and conventional loan options.
- FHA Loans, With Scranton home prices well within FHA loan limits, a 3.5% down payment goes a long way. Flexible credit guidelines make FHA accessible for buyers still building their financial profile.
- VA Loans, Scranton and Lackawanna County have a significant veteran and active-duty military population. VA loans offer zero down payment, no PMI, and competitive rates, one of the strongest benefits available to those who have served.
- USDA Rural Development Loans, Many properties on the outskirts of the Scranton metro qualify for USDA zero-down financing. Lena verifies eligibility by address at no cost.
- Conventional Loans, For buyers with stronger credit and a larger down payment, conventional financing offers the lowest long-term cost with no upfront mortgage insurance.
Why Work With a Mortgage Broker in Scranton
Independent mortgage brokers have access to wholesale lender pricing that retail banks simply cannot match. Lena shops over 100 lenders on your behalf, comparing rates, fees, and program guidelines, to deliver the best combination of cost and qualification for your specific situation. The process is 100% remote, which means Scranton buyers can move fast in a competitive market without geographic limitations.
First-Time Homebuyer Programs
PHFA programs are available to qualifying first-time buyers throughout Pennsylvania, including Scranton. These programs significantly reduce upfront costs for buyers entering the market.
- PHFA K-FIT (Q7192264), Forgivable second mortgage at 5% of the purchase price (up to $15,000). Forgiven over five years at 20% annually, no repayment required if you remain in the home.
- HFA Preferred, Below-market rate conventional loan, combinable with K-FIT for maximum benefit.
- Keystone Advantage Assistance Loan, Up to $6,000 in a no-interest, 10-year second mortgage for down payment or closing costs.
Frequently Asked Questions, Scranton PA
- I served in the military. How do I know if I qualify for a VA loan in Scranton?
- VA eligibility is based on service dates and discharge status, not location. If you have at least 90 days of active wartime service, 181 days of peacetime service, or six years in the National Guard or Reserves, you likely have VA entitlement. Lena will help you obtain your Certificate of Eligibility and review your entitlement during the initial consultation.
- Are home prices in Scranton affordable enough for a first-time buyer?
- Yes. Scranton consistently ranks among the more affordable mid-size cities in the Northeast. FHA and PHFA programs make entry even more accessible. Lena will show you what a monthly payment looks like at current rates before you ever make an offer.
- Can I buy a home in Scranton if I am currently renting and have no savings for a down payment?
- Potentially, yes. VA loans (zero down) and USDA loans (zero down) eliminate the down payment requirement entirely. PHFA K-FIT covers up to $15,000 in down payment and closing costs as a forgivable loan. Lena reviews every avenue available to you before declaring anything out of reach.
| Entity | Type | Wikidata |
|---|---|---|
| PHFA K-FIT | Government Program | Q7192264 |
| FHA Loan | Financial Product | Q2477520 |
| VA Loan | Financial Product | Q7907735 |
| Mortgage Broker | Occupation | Q17020729 |
Scranton is the largest city in Lackawanna County and the regional hub of Northeastern Pennsylvania (NEPA). The area has a notable veteran population and features some of the most affordable home prices in the Pennsylvania market, making government-backed loan programs particularly relevant for local buyers.
Get Started Today
If you are buying a home in Scranton or anywhere in Lackawanna County, Lena will take the time to understand your situation and find the loan that fits. No pressure, no obligation, just answers. Call (215) 364-7171 or visit dynamicfunding.net.
Lena Polnet, NMLS #17225 | Dynamic Funding Solutions, NMLS #17144 | Licensed in Pennsylvania. This is not a commitment to lend. All loans subject to credit approval.