Mortgage Broker in Wayne, PA
Wayne is one of the Main Line’s most coveted communities — a walkable downtown, Radnor Township School District, and a residential market that regularly pushes well into jumbo territory. Dynamic Funding Solutions serves Wayne buyers with jumbo, conventional, VA, and bank statement programs. While our office is in Huntingdon Valley, we originate across all of southeastern Pennsylvania and know the Radnor Township market well.
Mortgage Programs for Wayne Buyers
Jumbo: Wayne’s median home price frequently exceeds $800,000–$1.5M+. Many Wayne transactions require jumbo financing. We originate jumbo to $3M+, including 10% down options for strong profiles.
Conventional: Properties at or below $766,550. 3–5% down for 620+.
VA: Veterans purchasing in Wayne — zero down, no loan limit with full entitlement. Main Line VA buyers exist, particularly corporate military relocations.
Bank Statement: Wayne has a high concentration of self-employed professionals, executives, and business owners. Bank statement programs use 12–24 months deposits instead of tax returns.
Asset Depletion: Retired Main Line buyers with significant liquid assets can qualify on asset drawdown methodology.
Wayne and the Radnor Township Market
- Radnor Township School District — consistently ranked among PA’s best
- SEPTA Paoli/Thorndale regional rail line — critical commuter access to Philadelphia and west suburbs
- Mix of historic Main Line estates and newer construction
- Active relocation market from financial services, pharma, and law firms
- Price range: $600,000–$3M+ for larger homes and estates
Jumbo Loan Details for Main Line Buyers
- 2024 conforming limit: $766,550
- Standard jumbo: 680+ credit, 10–20% down, 6–12 months liquid reserves
- Bank statement jumbo: for self-employed Main Line buyers
- Asset depletion jumbo: for retired buyers qualifying on portfolio drawdown
- No upper limit on jumbo — we’ve originated $2M+ transactions for Main Line buyers
FAQ — Mortgage Broker Wayne PA
What down payment is required for a $1.5M home in Wayne?
For a $1.5M purchase, jumbo lenders typically require 10–20% down depending on credit and reserves. With 680+ credit and 12 months reserves, 10% down options exist. Higher-priced properties may require 15–20%.
I am self-employed and want to buy in Wayne. What are my options?
Bank statement jumbo is the most common program for self-employed Main Line buyers. We use 12 or 24 months of business or personal deposit history as income documentation. No tax returns required.
Can I get a VA loan for a Wayne home above $1M?
Yes. Veterans with full VA entitlement have no loan limit. A $1.2M Wayne property can be purchased with zero down using VA financing, subject to the property passing the VA appraisal.
Wayne / Main Line buyer? Call (215) 364-7171 for jumbo pre-approval. We know Radnor Township.
Dynamic Funding Solutions | NMLS #17144 | Lena Polnet, NMLS #17225 | 726 Huntingdon Pike, Huntingdon Valley, PA 19006 | Licensed in Pennsylvania. This is not a commitment to lend. All loans subject to credit approval.