Erie PA Mortgage Broker, FHA, VA, DSCR & Non-QM Loans

Looking for a mortgage broker in Erie? Lena Polnet of Dynamic Funding Solutions, Inc. has been licensing loans for 28+ years, serving borrowers throughout Erie County and all of Pennsylvania. Whether you’re buying your first home near Lake Erie’s shoreline, refinancing in Millcreek, or financing a rental property, Lena works with 100+ wholesale lenders to find the right program. Call (215) 364-7171, fully digital process, no branch required.

Home Loan Programs Available in Erie PA

FHA Loans, Erie’s affordable housing market, with median home prices well below state averages, makes FHA’s 3.5%-down program a natural fit for first-time buyers throughout the city. VA Loans, Erie County has a strong veteran and active-duty presence. VA loans offer zero-down financing with no private mortgage insurance, and Lena’s wholesale lender network includes VA specialists serving the greater Erie area. USDA Loans, Surrounding Erie County townships including Greene, McKean, and Fairview may qualify for USDA’s zero-down Rural Development program, ideal for buyers looking for space outside the city limits. Conventional Loans, Millcreek Township and Harborcreek offer more established neighborhoods where conventional financing with competitive rates is the standard. Bank Statement Loans, Erie’s manufacturing base and small business community include many self-employed borrowers who qualify using 12 to 24 months of bank deposits rather than tax returns. Reverse Mortgages, Erie’s lakefront and established neighborhoods are home to a growing retiree population who may benefit from HECM reverse mortgage programs to supplement retirement income. DSCR Investment Loans, Erie’s lake district and Presque Isle area generate strong short-term rental demand, making DSCR financing an option for STR investors.

Why Work With a Mortgage Broker Instead of a Bank

A bank offers its own products. A mortgage broker shops your file to dozens of wholesale lenders, including non-bank lenders that work only through brokers. For borrowers in Erie, that means access to programs your credit union won’t show you: DSCR loans for investment properties, bank statement loans for the self-employed, ITIN loans for non-citizens, and jumbo programs without the bank’s overlay requirements. One application. Multiple lenders competing for your loan.

Pennsylvania First-Time Homebuyer Programs

PHFA’s K-FIT grant provides up to 5% of the purchase price (minimum $1,000) as a forgivable second mortgage, no repayment required if you stay in the home 10 years. Stacked with FHA, conventional, USDA, or VA loans. Lena is an active PHFA-approved lender. Also available: HFA Preferred (conventional at reduced MI rates) and the Keystone Home Loan program for moderate-income buyers.

FAQ, Erie PA Mortgage

Do the suburbs and townships around Erie qualify for USDA loans?

Many Erie County townships outside the city limits, including Greene Township, McKean Township, and portions of Fairview, fall within USDA Rural Development’s eligible areas. USDA loans offer zero-down financing with competitive rates and no monthly private mortgage insurance once the upfront guarantee fee is paid. Income limits apply. Lena can run a quick USDA eligibility check on any property address in Erie County at no cost.

Can a veteran use a VA loan to buy near Fort Presque Isle or Presque Isle Bay?

Yes. VA loans are available to eligible veterans, active-duty service members, and surviving spouses anywhere in Erie County, including waterfront properties near Presque Isle Bay and the bayfront district. VA loans require zero down payment, no private mortgage insurance, and are available at competitive wholesale rates through Lena’s lender network. A Certificate of Eligibility is the first step, Lena can assist with that process.

Are there first-time homebuyer grants available in Erie County?

Yes. Beyond PHFA’s K-FIT down payment assistance (up to 5% forgivable), Erie County buyers may also qualify for local programs through the Erie County Housing Authority or the City of Erie’s Community Development Block Grant funding. Availability varies by income and location. PHFA’s Keystone Home Loan and HFA Preferred programs offer below-market rates for qualified first-time buyers. Lena can layer these programs with FHA or conventional financing.

Get Pre-Approved, Erie PA

Call (215) 364-7171 or visit dynamicfunding.net to start your application. Fully digital, no branch visit needed.

Dynamic Funding Solutions, Inc., NMLS #17144 | Lena Polnet, NMLS #17225 | Licensed in Pennsylvania and Florida | Equal Housing Lender