Washington PA Mortgage Broker, FHA, VA & Home Loans in Washington County

Dynamic Funding Solutions serves homebuyers in Washington and Washington County, Pennsylvania. Lena Polnet, NMLS #17225, 28+ years in mortgage lending, provides FHA, VA, USDA, conventional, and renovation loan programs. Call (215) 364-7171 for a same-day pre-approval review.

Home Loan Programs Available in Washington PA

Washington, Pennsylvania sits at the crossroads of I-70 and I-79, making it a natural hub for buyers relocating from Pittsburgh or coming through southwest Pennsylvania. As Washington County’s seat, the city features a diverse mix of housing stock, including many pre-1950 properties well-suited for FHA 203(k) renovation financing. Lena Polnet works with conventional, FHA, and VA borrowers throughout the area, plus PHFA K-FIT forgivable second mortgage assistance for first-time buyers. Penn State Washington campus and steady employment in healthcare and logistics continue to bring new residents into the market. USDA Rural Development loans may apply to properties on the county’s outer edges.

Washington County Housing Market Overview

Washington County’s housing market offers affordability well below statewide averages, with median home prices that allow FHA down payments as low as 3.5%. The county’s continued role as a Pittsburgh commuter corridor, via I-79 north, has kept demand steady in neighborhoods like Eastview, South Franklin, and the historic downtown core. Buyers competing for move-in ready inventory will find conventional financing competitive; those targeting older properties with deferred maintenance will benefit from 203(k) rehabilitation loans, which allow purchase-and-repair in a single closing. Lena Polnet can structure either product for Washington County buyers.

First-Time Buyer Programs in Washington PA

First-time buyers in Washington, PA and Washington County qualify for PHFA’s full suite of down payment programs. The K-FIT forgivable second mortgage provides 5% of the purchase price (up to the PHFA loan limit) with no repayment required as long as you keep the home for 10 years. HOMEstead grants up to $10,000 in down payment assistance for eligible buyers in qualifying zip codes. The Keystone Home Loan program pairs with both FHA and conventional first mortgages. Contact Lena Polnet at (215) 364-7171 to determine which combination of PHFA programs applies to your specific Washington County purchase.

FAQ, Washington PA Mortgage

Can I use an FHA 203(k) loan to buy and renovate a home in Washington PA?

Yes. The FHA Standard 203(k) and Limited 203(k) both work in Washington, Pennsylvania. Many older homes in the Washington city core and surrounding boroughs qualify. The Standard 203(k) covers structural repairs and renovations over $35,000; the Limited covers cosmetic improvements up to $35,000. Lena Polnet originates both products.

Does PHFA K-FIT apply to Washington County properties?

Yes. Washington County is fully eligible for PHFA K-FIT forgivable down payment assistance. The second mortgage is forgiven at 10% per year over 10 years, meaning buyers who remain in the home a decade receive a full grant. Income and purchase price limits apply and are updated annually by PHFA.

What credit score is needed for an FHA loan in Washington PA?

FHA requires a minimum 580 credit score for the 3.5% down payment option; scores between 500 and 579 require 10% down. However, lender overlays and PHFA program minimums may be slightly higher. Lena Polnet reviews the full credit picture, not just the score, to match buyers with the right program.

Dynamic Funding Solutions, Inc., NMLS #17144. Lena Polnet, NMLS #17225. Licensed in Pennsylvania and Florida. This is not a commitment to lend. All loans subject to credit approval. PHFA program eligibility subject to income, purchase price, and property requirements.